2006-06-13 07:44:43 · 6 answers · asked by Maldives 3 in Business & Finance ➔ Renting & Real Estate
the seller
2006-06-13 07:50:31 · answer #1 · answered by irene0374 2 · 0⤊ 0⤋
Well it depends. In most cases the Seller pays the real estate commission. However, the Seller may not offer to the agent what they are asking and then they may request that the buyer to pay the difference. This request however should be made in the initial meeting with your agent. Before you see homes with a Real Estate Agent you need to ask them what they will charge you if the Seller does no offer the complete amount they are charging.
2006-06-13 14:56:06 · answer #2 · answered by dimp5880 1 · 0⤊ 0⤋
I am a Realtor® in Arizona.
The commission is negotiated as a percentage of the sale price between the buyer and the seller, depending on the market conditions in your area. Here in Arizona the commissions are around 6%. The commissions are paid at the close of escrow to the agent or agents involved in the transaction. The commissions are paid from the proceeds of the sale; therefore technically the buyer will pay for the commission, as he/she is the one who is putting out the money for the home. However, this will cut into your proceeds as the seller. Make sure that when you do find a Realtor® in your area, that they are willing to work for their commission.
You may ask yourself what a Realtor® does for their commission, there’s marketing, advertising, fees to the broker, and of course payment for the agent’s time.
I hope this answers your question, and good luck with the sale of your home.
Dimp is mostly correct, one way that your agent may protect his share of the commission as well as keep you as a client is by having a buyer sign a Buyer-Broker Exlusive Employment Agreement this is an employment contract between you as the buyer and the agent.
In Arizona, anyway if there is a buyer broker agreement the commission to the agent will come out of the proceeds of the sale.
Feel free to drop me a line if you have any more questions.
Good luck with your home search.
2006-06-13 15:26:13 · answer #3 · answered by Stephen Newman 2 · 0⤊ 0⤋
having bought and sold real estate as a home owner and investor for 20 years the seller pays. Most states allow up to 6-7% commission. You get what you pay for. I've sold bare land via FSBO and got by without commission paying only for title company services. But when it comes to housing a realtor earns their keep. It seems like a lot of money that you give someone else. BUT, you don't have to show it, or arrange showings.. Time is money.
2006-06-13 15:31:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Seller pays all commissions!
2006-06-13 14:49:38 · answer #5 · answered by snowflake7575 2 · 0⤊ 0⤋
Need a good realtor for you area? I work with a network of realtors nation-wide http://www.pauld-kw.com
2006-06-14 00:23:18 · answer #6 · answered by Paul & Debbie D 2 · 0⤊ 0⤋