May 2013

Found 1 blog entry for May 2013.

Does a buyer pay their agent's commission? No, but sometimes yes. In most cases, the sellers pay both agents' commissions at the close of the transaction. However, what if the home you like has an extremely reduced commission stated in the listing? Your agent still deserves the going commission, I would hope, so they may have you sign a contract from the start stating that if the stated commission falls below x percent, the buyer agrees to pay the difference. It's negotiable, of course, and agents must be careful because since they are committed to that client's deal by law, they can't turn around and not show them a house with a pitiful commission or just drop them as clients. Also, in the case where an agent may take a buyer to an auction to guide them

698 Views, 0 Comments