In a home sale, in a standard contract, is it appropriate for the seller to pay the brokerage fees of BOTH realtors involved in transaction? I know everything is negotiable, but as a seller, shouldn't my realtor be negotiating for the buyer to at least pay for their own realtor?
2007-07-03 01:58:47 · 6 answers · asked by Red Jed 2 in Business & Finance ➔ Renting & Real Estate
No. It is traditional for the seller to pay the brokerage fees of both agents. Your listing contract contains the percentage fee your real estate firm is charging to find YOU a buyer for YOUR property. Both agents involved are responding to that contract.
Assuming that the buyer's realtor is being paid his/her fee from the total listing percentage to which you agreed, you should be paying that full fee, since the services were performed for you.
2007-07-03 02:14:18 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
The seller pays all of the broker's fees when selling a home. This fee is split between the seller's agent, the seller's agent's brokerage (company), the buyer's agent, and the buyer's agent's brokerage. It may or may not be split evenly between the buyer and seller's brokerages. The split that will be offered to the buyer's agent/brokerage should be somewhere within your listing agreement and may be a range. Brokerages have contracts between themselves about how the commssions are split. All of your fees will be paid to your listing agent's brokerage and the brokerage distributes the fees accordingly.
2016-04-01 05:13:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
In just about any standard deal, seller pays brokerage fees. It's usually abou 6% of the purchase price. 3% to the seller's agent, and 3% to the buyer's agent.
You can try and write up the contract to where the buyer pays the fees, but I can almost guarantee you, the buyer will not purchase your home. Not in this market. Not when they can go find a multitude of other properties where the seller will pay brokerage fees.
2007-07-03 03:40:11 · answer #3 · answered by Monstblitz 4 · 0⤊ 0⤋
No... thats far from standard.
Typically the seller is the only one paying realtor commission, and the buyer pays the closing costs. But like you said everything is negotiable. So a contract can be written up and way the negoiating parties want it to be.
2007-07-03 02:02:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Sorry, the Seller/Owner is the only one that pays "brokerage fees." You (seller/owner) pay one commission to the listing agency normally around 6-9%. Should another agency represent the buyer, it is normal for the listing agency to split the commissions with the buyer's agent. The key being, only one "brokerage fee" is paid.
2007-07-03 02:18:24 · answer #5 · answered by TuckT 2 · 0⤊ 0⤋
You can negotiate,in a counter offer that the buyer pay. Remember,if houses are not selling in your area...and you have a buyer....your LUCKY! And it may be in your best interest to just pay it,if you will net what you need.
2007-07-03 02:22:54 · answer #6 · answered by 2Bad4U 3 · 0⤊ 0⤋