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From what I can tell they…
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2: Advertise your property.
3: Inform you of any bids made on your property.
Is ... |
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Additional Details
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 What kind of rent do people pay for a two bedroom apartment and in what city/state are you? |
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B | When buying a home, who is responsible for paying the real estate agent? The buyer or the seller? |
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 |
 
MomOfMax
|
the seller, but they will usually work the price into the selling price somehow. When we bought our house, we worked with a realter. He didn't charge us anthing, but the seller had to pay him 3% and their realter 3% (normally they get about 6% if they can sell the house on their own) |
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SCCRealEstateUNCENSORED.com
|
The real answer is is depends on the market (area). In most places the seller pays for the commission of the buyer's and seller's agent so you as a buyer do not pay anything.
But there are a few areas in the US where the sellers only pay for their agents' commission and the buyers have to pay their agents' commission.
But as anything else in real estate, THIS IS ALL NEGOTIABLE. It has nothing to do with the contract, it has nothing to do with today's market, it has nothing to do with the selling price, it has nothing to do with whose responsibility it is, etc, etc. It's about what is customarily done in your area.
The commission is negotiable so there is no fixed price on 7%, 6% or 5%.
And for those saying that we make a killing of our commission, I should inform you that the total commission is split between the two brokerage offices representing the seller and the buyer(6% =>3%+3%), then that split is split again between the company and the agent(3%=>1.5%+1.5%), then we use that commission and we have to pay taxes on it just like any other tax payer (taxable income) and we also pay all the advertisement to sell the house. So we dont make a killing but we do make a living because it is our career.
I hope this answered your question. Good luck |
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Debbie P
 |
Normally it is the seller.. |
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Spud_nut
|
The correct anwer to this question is the seller. In the listing contract it states that the commission is paid by the seller to the listing brokrage who will, at closing, distribute the money to the agents. |
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TheGarlicButterSaw
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The real estate agent fees are generally paid by the seller; however as with any contract, anything is negotiable - including who pays the agent fees |
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wish I were
|
seller |
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VeeBee
|
Depends on the contract. |
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Мəəĸά
 |
Depends on the contract that you signed with your agent. You can always add it as a condition of purchase. |
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Sjean
|
Both pay them.
Usually it's 3% from the seller and 3% from the buyer.
They make LOTS of money when they sell a house. |
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Umpalumpa
 |
I think it goes out of the final price. If the house is worth 100.000 the real estate agent will list it for 110.000 and 10.000 is for his pocket. |
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iluvmybaby29@yahoo.com
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It does depend on the contract in mine the seller paid the realtor. Which I found more than reasonable. I think the seller should for 1 they are the ones who enlisted the services, 2 are getting a large sum of money that helps to pay the costs.Well thats my opinion anyways.All in the contract is what it boils down too |
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Jo Blo
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the seller hires the agent to sell the house, the seller pays |
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Tracy M
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When I bought my house, it was the seller who paid |
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EGOman
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Most of the time both the sellers agent and the buyers agent split the commission. The commission should be built into the price of the home. If no commission is built into the price of the home, it is the sellers responsibility to establish the commission with the sellers agent , not the buyer. |
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carloslesso
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The seller is responsible The fee usually ranges between 4 to 6 percent total commission. The Realtors split this commission 50/50. I hope this helps. |
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Ken
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The commission comes out of the sellers check at closing but this is a misconception. The commission is actually paid by the buyer. The buyer brings the funds to the table. The seller determines what they need from the sale and then adds the commission and closing costs to that. |
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Ashton A
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This depends on the type of contract the buyer signed or not signed with their Agents on commission and splits. In most cases the Buyer pays the commission to Agents whether they know it or not, because the buyer is the only one who comes up with the money to buy. Even if he borrows it from the bank, he is still the one with the money or has to repay it. So it is his money and the Seller gets the Buyers money, less the Agent/s commission. Hope this helps. |
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Tazer Tag
 |
If you're the buyer, you're gold in this market. You practically hold most of the cards. Go ahead and hire a good realtor to represent you. You won't pay a penny, unless his/her broker charges an "administration fee", which can be between $250-$600. But, if you insist otherwise, you might not even have to pay that. It's really up to the realtor's discretion, no matter what they tell you. The seller is the one paying for your realtor's services even though your realtor represents your interests only. It comes out of the seller's expenses of selling the home, and is the commission split between the seller's agent and yours. |
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