i am buying a house with no agent representing me, and want to know if i find a house to buy that is listed by a realtor, will the seller pay his/her agent the commission that would have gone to my agent if i had one? Or does the seller simply pay one commission % for each realtor involved?
2007-10-21 11:06:54 · 9 answers · asked by emma 1 in Business & Finance ➔ Renting & Real Estate
The listing agent will simply keep all of the commission that was contracted with the seller. Thus it is best to get a Realtor to protect your interests ... it won't cost you anymore!
2007-10-21 12:05:07 · answer #1 · answered by linkus86 7 · 0⤊ 0⤋
The seller pays whatever commission that they have contractually agreed to. If 2 agents are involved in the transaction they'll split the commission, but that is not an issue for the seller. The seller pays the agreed commission regardless of how many agents are involved.
You say that you are not using an agent. Who is showing you the home then? ANY agent that shows you the home will get a split when the sale closes. If the listing agent shows it to you, they'll get a full commission with no split (other than to their broker, no way out of that.)
2007-10-21 19:40:36 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Listing agent negotiates for one fee if there is no agent on your side they get it all except for the split that they have with their broker in some cases as high as 50%. So as a for instance if they listed a 100000 house and the fee was 5-7% without your agent the listing agent may take home as little as 2500 and their broker would get the rest. Some companies split up to 95% so then the agent in the same story would take home 4750. minimum and the broker gets the rest. In those offices many times the agent pays rent to the office and this cuts into their "side" see? Good luck.
2007-10-21 18:16:33 · answer #3 · answered by helprhome 5 · 1⤊ 0⤋
Why would you buy a house with no agent representing you? That does not make any sense. The buyer does not pay the agent, the seller does.
Get your own agent.
2007-10-21 19:15:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There is no "set" fee. That fee is negotiable. The Listing Broker/Agent and the seller usually agree on what portion of the Listing Brokers fee is to be shared with a Buyers Broker, or Selling broker. If there is no Buyer or Selling Broker, involved, then the Listing Broker has no one to share it with. And in case you are thinking of trying to find a way to "negotiate" that fee for yourself...good luck, it is illegal in most states.
2007-10-21 20:11:16 · answer #5 · answered by Adam A 2 · 0⤊ 0⤋
That answer lies on the listing agreement between the seller and the agency. Most of the time the full percentage is paid unless negotiated differently at the listing date.
2007-10-21 19:38:27 · answer #6 · answered by rick 2 · 0⤊ 0⤋
In my area, brokerage commission is generally 6% split among all parties to the transaction. Other expenses generally run about 2%
2007-10-21 18:11:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
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2007-10-22 09:58:32 · answer #8 · answered by Anonymous · 0⤊ 0⤋
6%
2007-10-21 18:15:34 · answer #9 · answered by mortgagesaver01 4 · 0⤊ 0⤋
?
2007-10-21 18:09:12 · answer #10 · answered by love.... 2 · 0⤊ 0⤋