2006-10-11 17:49:22 · 20 answers · asked by shana m 1 in Business & Finance ➔ Renting & Real Estate
nope, at least you shouldn't have to. I have never had to.
2006-10-11 17:50:44 · answer #1 · answered by lparker_2005 2 · 0⤊ 1⤋
absolutely not! you can see many houses and is not obligated to buy. However, if you're serious about buying, do not waste their time. Everyone has to work hard for their money and so is real estate agents.
But feel free to waste those real estate agents that are only selling million dollars homes.....commission on 1 house is equivalent to 2 yrs worth of salary for a degree professional....if you can.....those guys probably wouldn't even look at people like you an I w/ half their eyes...showing us houses (unless they're on TV).
2006-10-11 17:54:53 · answer #2 · answered by sarkatick 2 · 1⤊ 0⤋
No. You do not have to pay a real estate agent if you don't buy. The seller will lose a portion of the sale to the Realtor. Realtors are paid on a commission basis.
2006-10-11 17:53:06 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Not usually - unless you agree to pay the real estate agent to act as your (buyer's) agent, which is possible in some jurisdictions (normally, the realtor is acting exclusively for the benefit of the seller, even if he seems to be helping you).
2006-10-11 17:53:12 · answer #4 · answered by Perplexed Music Lover 5 · 1⤊ 0⤋
If you mean that you don't buy anything at all, then no.
But if you don't buy from that agent, but buy from another agent, you may possibly owe a commission. Here's why:
Many agents are now asking buyers to sign a "Buyer Representation Agreement". There are 2 types: Non-Exclusive and Exclusive. The laws vary in each state, but please beware that in some states if you sign a Buyer Representation Agreement (Exclusive), many of these agreements state that you will personally owe a commission to that agent if you buy a property from another broker. Some may even state that you owe if you buy an unlisted property directly from an owner.
This is something that ALL buyers need to be aware of. Please read any and all agreements before you sign them. And if you don't understand, please ask someone to explain it to you before you sign it.
2006-10-11 18:35:19 · answer #5 · answered by TN_RealEstate 2 · 0⤊ 0⤋
in case you probably did no longer have a customer's representation settlement, you do no longer would desire to pay the agent . in spite of the shown fact that, you will desire to if he tried his maximum suitable to locate you a house. many times and a great form of of the time, the builder will pay the agent's fee, with none value to you. It takes a great form of artwork looking the homestead.....for somebody....if he spent some weekends exhibiting you some, i've got faith he deserve some thing his fee....3% of the homestead, that's the uncomplicated builder's payout.
2016-10-02 05:21:18 · answer #6 · answered by ? 4 · 0⤊ 0⤋
My daughter is a realtor,her job is to represent her clients get loans and find the houses for you to look at, when you find the house you want,then she does all the paper work,and when you close, the seller pays her commission. she only works for you.at no cost to you. in Texas
2006-10-11 18:00:56 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Depends on your contract with the agent. In most cases, no.
2006-10-12 01:34:58 · answer #8 · answered by Karen R 3 · 0⤊ 0⤋
no....real estate agents make their money on commission on the sale price.....the vendor pays for that....
2006-10-11 17:50:54 · answer #9 · answered by askaway 6 · 1⤊ 0⤋
NEVER! If they try to you shold report them to the realtors assc. That is a breach on the code of ethics.
2006-10-11 17:53:27 · answer #10 · answered by ilikedagwoods 3 · 0⤊ 1⤋
no, their job is to show you the house, take advantage of them, we had ours show us every weekend for 6 weeks before we bought one. They will make money sooner or later. make them work for it and find your dream home.
2006-10-11 17:50:54 · answer #11 · answered by Mike C 4 · 1⤊ 0⤋