We are working with a realtor right now who has been showing us alot of houses. When we buy the house, do we have to pay him anything, or is he getting paid from the seller?
2007-03-09 01:21:13 · 12 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You will NEVER have to pay a realtor anything when buying a house. All of their commission comes from the seller of the house. Ussualy around 3-6% . If they try to make you ( as the buyer) pay something , they are scamming you. It is not completly unheard of for realtors to ask for small fees which you get back in the event that you buy the house through them. Although most would not do that either.
2007-03-09 01:29:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The seller will pay the realtor's commission. For example, where I live it's 6% for the realtor. 3% for the seller's realtor and 3% for the buyers. If the buyer and seller have the same realtor, that realtor would keep the entire 6%.
Hope this helps~
2007-03-09 01:30:21 · answer #2 · answered by wickeddanibella26 4 · 0⤊ 0⤋
The sellers pay the commission. The two agents, seller agent and buyer agent negotiate how much each gets. If you signed a buyer representation with that realtor, you are to remain loyal to that agent. You cannot use another agent. The buyer representation agreement will disclose if there is a commision the buyer pays IF ANY, which usually is none.
2007-03-09 12:02:01 · answer #3 · answered by tmae 2 · 0⤊ 0⤋
Everyone who answered is technically correct but fundamentally wrong. Realtors love to tell buyers that their services are free, that the seller pays. But they never mention where the seller gets that money- from you, the buyer. The money changes hands and gets shuffled around a lot, but ultimately the buyer is paying for both agents' commisions in the form of a higher home price (without the agents' commissions, the seller could offer you a lower price).
2007-03-09 06:15:14 · answer #4 · answered by Cardinal Rule 3 · 3⤊ 1⤋
The seller agrees, in their listing contract to pay a commission to the realtor selling their home. In the likely event that you have a different realtor, the seller's agent will agree to split the commission from the seller with your agent. You should have to pay no commission. Trust me, you'll have enough things to pay for.
2007-03-09 01:25:49 · answer #5 · answered by Insurance Biz CT 5 · 0⤊ 0⤋
supplier will pay all of them by technique of having them deducted from the money they eliminate from the sale. it particularly is settled at last. whether, genuinely the shopper is paying them by technique of agreeing to a fee for the domicile from which the seller will pay the realtors. And if the shopper is mortgaging the valuables then technically those commissions could be seen as being financed because of the fact they're embedded in the revenues fee of the domicile.
2016-09-30 10:37:16 · answer #6 · answered by ? 4 · 0⤊ 0⤋
The seller always pays the commission
2007-03-09 01:54:37 · answer #7 · answered by Anonymous · 0⤊ 0⤋
The seller will take care of your realtor, so don't let that be a concern. Good luck in your hunting!
2007-03-09 15:04:23 · answer #8 · answered by Dusty 7 · 0⤊ 0⤋
He gets paid from the seller.
2007-03-09 01:25:25 · answer #9 · answered by dgreer58 3 · 0⤊ 0⤋
He is paid by the seller. You better start communicating with him a LOT better.
2007-03-09 01:24:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋