Does the buyer has to pay some money to the realtor aswell ?

Answer 1

Depends. If the Seller is not paying a commission it can become the buyer's responsibility to pay. Usually the listing agreement covers that situation, and the agent that lists the property shares a portion of the commission paid at closing. However it is not a law that the listing agent MUST pay a commission. Sometimes there simply is not enough room in the deal to make it work to compensate an outside broker, and in that case it is up to the buyer to compensate their representative. This is usually a commercial real estate deal, not usually in residential.

If a seller is not offering a shared commission agents usually move on to another property, there are plenty of choices to present to a client that will not involve additional costs over the sale price. The overwhelming number of real estate sales occur via a real estate company; it is usually also deemed in appraisals that even if you have not used a real estate agent to assist with the purchase, you paid for the services anyway. With that in mind, use a licensed agent, as they have the training to get the job done right and tools to effect a timely sale.

You need to have this understanding up front before you agree to employ any agent. My staff clearly does that as part of their duties and obligation to the client. We specialize in commercial sales, but also have extensive experience in both commercial and residential real estate.

Answer 2

Unless otherwise written into the contract the buyer pays all closing costs. This may or may not include the real estate commission depending on the state you live in. As a real estate agent I always suggest that my buying clients offer at asking price or up to $5000 above asking price with the stipulation that "the seller will pay all the costs required to close the sale."

Make sure it is worded exactly that way so if the cost of closing means getting a new roof then the seller either pays it or the deal is canceled. Some contracts require the buyer to pay "all the costs of closing the sale." In that case if the lender required a new roof the buyer pays or loses their down-payment for failure to close the sale.

A good Buyer's Agent is worth their weight in GOLD. NEVER use the same agent that is representing the seller!

Answer 3

That just depends on the buyer agreement that you signed. Sometimes a realtor will charge a transaction fee, often though they will not, just ask them if buyer services are free.

Answer 4

You should never pay a Realtor to help you buy a home. In fact, in today's market, the Realtor should split his commission with you. If you're in Southern California, Contact me and I'll have one of my agents help you out and give you money as well.

Regards

Answer 5

Not unless the CBB (Cooperating Buyer's Broker compensation) you offer doesn't cover whatever he agreed to pay his agent. But shorting the CBB is a good way to have a property sit unsold.

Answer 6

no seller should assume cost

I sell homes so i pay because I'm making the money

Realtor is pulling a fast one ask other Realtors

Answer 7

No, and on top of that, ask seller to pay for the closing cost.


http://biz.yahoo.com/brn/060909/19463.html

http://money.cnn.com/2006/09/08/real_estate/caught_in_the_bubble/index.htm?postversion=2006090814
http://money.cnn.com/2006/09/05/real_estate/Ofheo_home_prices/index.htm?postversion=2006090514

Answer 8

No, the commision comes from the seller's proceeds.

Answer 9

No it is the expense of the seller.

Answer 10

yep, unless he is a good friend and just wants to work for you for free.