Is it normal to have two separate real estates get commission on a sale?

Answer 1

absolutely yes,, one office might have the original listing, but another office might have the buyer.. so they share commission..

Answer 2

TheTruthAboutMortgages did an excellent job answering you question.

I also wanted to point out many people get confused and think the buyers can save money by going straight to the listing agent. The buyers are not saving money as the commission stays the same, the listing agent doesn't have to share the commission with a buyer's agent.

Also, sellers need to ask their agent when signing the listing contract how the commission will be split between listing agent and buyer's agent. If the commission is 6% will the split be 3% and 3% or will the agent offer out extra to make the property more attractive to buyer's agents or is the listing agent trying to keep a larger percentage for herself/himself. And what if the Listing agent end up representing the buyer too? Will the commission be reduced or is the listing agent just keeping the entire amount because they are representing both buyer and seller?

Just something I wanted to add to TheTruthAboutMortgages's great answer. Definitely something for buyers and sellers to keep in mind when buying and selling real estate.

Answer 3

Yes, any real estate transaction has both a sellers agent and a buyers agent. This can be the same person, or it can be two people from two different companies.

Usually the commission is split between the two companies, and then each respective company pays their agent a certain agreed upon percentage.

So in actuality, not only can commission be split between two companies, but it can actually be split up again once it reaches each agency, with a portion going to the real estate company and a portion going to the working agent.

Answer 4

Question is not totally clear but basically the custom is to split the commission according to the agreement reached between the agent who took the listing and the agent that brought the buyer. However if the agent who brings the buyer has a buyer's agreement that states regardless of anything else (including the disclosure that they will be receiving an additional commission by agreement with the listing agent) that the buyer will also pay them a commission then the buyer's agent could conceivably receive two commissions and the listing agent receive one commission. This hardly ever happens but it does happen.
Buena Suerte

Answer 5

What has happened here is there was the listing agent and then there was another agent who found a buyer for the property. To answer your question yes when there are two agents working together or one buyer using an agent has found the property then contacted the listing agent. But usually they split one commission.

Answer 6

2-6% based if performing as a shoppers or sellers agent. a record will cost 4-6% to record homestead. generally a shoppers agent gets 2-3% oftentimes a million/2 of what a record agent has charged the vendor(it rather is for residential RE over $100K). each and everything is often negotiable. All you will desire to do is ask the agent your working with, they're going to understand earlier showing you a house, undergo in recommendations in case you do not ask you reside hungry and it is your money. continually get in writing in case you prefer a % of the brokers cost. i will make a contribution as much as 30% (relies upon on revenues cost) of my cost, if i'm asked and no count if it rather is needed to close the transaction. i'm a Realtor in WA state

Answer 7

Yes, the one who listed the property and the one who sold it. Total should not have been a higher percentage than if it had been paid to only one agent.

Answer 8

Not unheard of. When I bought my House, I had my own realtor who was a friend and he help me purchase a house listed with Century 21. Him and 21 split.

Answer 9

Yes. Listing side and selling side. They aren't always the same company.

Answer 10

As long as there are two seperate firms involved!