Israel real estate commissions explained. Buyers pay 2% over there, but then there’s an extra 16% VAT imposed. Here in Greenwich, it’s a 5% commission, usually (and no VAT) split 2.5% each to the selling and buyer’s brokers but regardless, you as the buyer are ultimately paying the full freight – it’s figured into the price, no?
But at least, as of ten years ago or so, the law has changed so that buyer’s agents are no longer legally sub-agents of the seller’s broker, which means we can represent you, dig up all the dirt we can on the seller’s circumstances: bankruptcy, divorce, pending indictments, whatever, and pass them on to you. It makes being a buyer’s agent so much more fun!