Q: What is the typical buyer agent’s commission for new construction in Brooklyn? Is this something that is usually negotiable?
A: Buyer agents’ commissions on new construction depend on the specific project. In general, developers try to incentivize agents to bring people to their project, and will offer 2.5-3% commission to the buyer’s agent. However, factors such as location, number of units, and speed of sales also influence what a developer will typically offer.