First let’s dispel the myth that the seller pays real estate commissions. 

Real estate commissions, as well as all other fees and charges in a real estate transaction, are paid with money provided by the Buyer.  If there is no buyer then there is no money and no sale.  Indirectly the buyer pays for everything.  That includes the commission paid to the seller's agent who represents the seller's best interests! 

Properties listed in the local MLS normally offer a percentage of the selling price to the Buyer Agent.  That money comes from the proceeds of the sale, and is called the co-op commission.  And of course, the seller sets their price knowing that a portion of the proceeds goes to pay Realtor commissions.  But remember the proceeds of the sale come from the Buyer.

So, as you can see, I am indirectly paid by you the Buyer.  Normally, my fee is fixed and is dependent upon the type of property you are looking for.  But in all cases it is less than the typical co-op commission offered to buyer's agents for properties listed in the MLS.  That means you receive the difference as a refund.  I have given my clients refunds ranging from $200 to $12,000.

A flat fee policy eliminates the conflict of interest that arises when I work for a percentage of the selling price.  My job is to negotiate the best price and terms for your property.  If I were to work for a commission then the better job I do for you the less I would be paid.  That is an obvious conflict that no buyer agent should have and no buyer should deal with.

An initial consulting session with my clients is all it takes to determine the exact cost of my services.  But you can rest assured that I will save you money.