Profile picture for user8970485

Does the Realtor charge a commission to the buyer?

I am intending to buy a house in CA. I will not need a mortgage.
  • October 24 2012 - Ventura
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Answers (25)

The fees are paid by the selling agent... but I have seen it happen...
  • March 27 2013
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Profile picture for JamesKuang
No, if it is listed on the MLS, then the buyer will not have to pay anything

Yes, if I find you a home that is not listed on the market than I will charge a buyer's fee.  

Example:  Homeowner A was not planning on selling, but on your behalf I convinced him to sell his home to you.

However, in most situations, I will likely find you a home on the MLS.  Call me if you have any questions!
  • October 25 2012
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It depends on the Realtor. Some Realtors will charge retainer fees, some say I need to make X amount on each transaction and if the sale's price commission doesn't cover that amount then the buyer will be asked to make up the rest, and then some just take what the seller gives them. Either way, whichever Realtor you do intend to use just have the conversation prior to looking at homes so you both are on the same page. Best of luck!
  • October 25 2012
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yes.  directly or indirectly, but nonetheless, yes.
  • October 25 2012
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Profile picture for SteadyState
This is one of the times when the NAR has devised marketing propaganda that is sheer genius.

Follow the money and the answer is clear.
Buyer buys the home for $1 million. He/she gives the $1M to the seller. If the commission is set at 6% the seller takes 6% from the $1M (i.e., $60K) and pays the listing agent. The listing agent then takes roughly half (i.e., 3% = $30K) and pays the buyers (your) agent.
According to the procedure the seller pays the commission to the agents. However if you follow the money the seller took the commission from what the buyer paid to distribute the money to the agents so in reality the buyer pays the commission.

If you think the answer is self-evident. If you don't think the answer is what the NAR agents tell you.
  • October 25 2012
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In NYC, where there is a shortage of rental inventory, the approved occupant pays one months rent to their agent at lease signing.  The owner pays one months rent as a listing fee.
  • October 25 2012
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Profile picture for Mark Melikan
Here is the Easy but Thorough Version for my area (Washington DC Metro Area):

--Purchaser is on the hook to pay the agreed upon Buyer Broker fee.  
--Listing brokerage offers a certain amount to the Buyer's Broker upon closing.
--Buyer's Broker Agreement allows for Buyer Broker to Accept that offering and Apply it to the Purchaser's Broker Fee Obligation.

Sound complicated?  It's a roundabout way to allow the Seller to provide compensation while giving Purchasers an opportunity to have someone looking out for their best interests. (Rather than looking out for the Seller since the Seller pays the tab).

Exception to all of this:  If Buyer Broker Fee is more than the amount offered by Listing Brokerage, Buyer is supposed absorb that shortfall.
  • October 25 2012
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Usually not, the Seller pays the commission. HOWEVER, all commissions are based on what you and your Realtor agree too in writing prior to seeking a home.

Good luck.

Kenny
TURTLE CREEK REALTY
  • October 25 2012
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Profile picture for teamsoli
To directly answer the question does the Realtor "charge" a commission to the buyer?  The answer is usually no.  Does the buyer's realtor get paid a commission yes.  It is usually paid out of the seller's proceeds.  Yes that amount is always taken in consideration of the sales price to the seller. As a buyer your agent is there help you navigate your many options and should help you to understand the advantages and disadvantages of various properties as they pertain to your particular situation.  They also are there to help you negotiate the best deal possible for you and hopefully introduce you to options you did not consider before.  For these services your agent should get compensated but you do not have to write a seperate check to your agent as they are getting compensation from the closed transaction.  

Most of the companies/agents that will pay a rebate are not full service agents and will want you to do all the homework yourself and only write up the offer in anticipation of a watered down paycheck.  Choose your agent wisely.  Read reviews on your agent ask for references if you do not know them, and if you have a friend who has had a great experience with an agent (not necessarily a cousin's wife's negihbor who happens to sell real estate) chances are they are a good agent.  Also look and see if your agent has earned any designations (letter's next to their name) that usually means they are serious about the business and have invested time and money in education to be better agents.  The top designation I look for in sending a referral to an out of area agent I might not know personally is CRS (Certified Residential Specialist).  Only the top 4% of the agents have earned this designation.  Good luck in your home and agent search.
  • October 25 2012
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I think what you need to remember is that ultimately you do pay all of the commissions because it comes out of the money you bought the house with, but you do not get to decide how much those commissions are. The seller and listing agent decide how much the commissions will be with the contract that they sign with the brokers being the persons ultimately splitting with the agents. So all that be said the seller decides how much they will take for their home depending upon how much they want to walk away with after expenses i.e. paying off loans, closing cost, taxes, commissions and so on.
Lastly the other thing to remember is that a buyers agent researches properties for you, sets up appointments, writes contracts and so on in the hopes that they get a deal together for you. If they don't get a deal together for you they do not get paid.
  • October 25 2012
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Not normallly, but it is up to the buying broker and the buyer and their working relationship.
The buying broker is normally paid through the listing agent and what he has worked out through his listing agreement with the seller. 
If you are talking about a home not listed then a commission is worked out between the seller the buyer and the buying broker.
So the commission is part of the purchase price.
  • October 25 2012
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Profile picture for Dunes ..
"The seller agrees to pay the agents involved a commission before a buyer ever submits an offer"

I'd just add...agrees to pay a Commission IF the property is sold
(After they get your Money..the Commission is an Expense so it is added to the Sales Price by Seller, it's a Business expense so like any business you add it to the Price so you don't eat it/pay it out of your pocket it if at all possible)

My opinion..Negotiate a lower Price if not using an Agent (3%) or find/use an Agent who gives a Rebate...

California..
1. Allows brokers to offer rebates to consumers
2. Allows choice of brokerage services
What are the laws in your state?...DOJ Anti-Trust Web Site

Your concern as a Consumer is what works best for you in Services and Financially...not what works best for Agents
Agents are Selling Services...You are Hiring Services

To be blunt...IMO if you are a Buyer and you think you are not paying for the Commission (It's Free to you) then you are a fool...
Do not inhale the Smoke ;)
  • October 25 2012
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Most of the time if the house is listed on the MLS the seller will pay for the buyers commission fees. However, if the house is not listed on the MLS and if the seller can find a buyer without an agent there is no commission fee.
  • October 25 2012
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Profile picture for sunnyview
The seller agrees to pay the agents involved a commission before a buyer ever submits an offer. Generally, the agent is paid with escrow proceeds from the sellers account. The buyer rarely pays the agent directly, but the money the give the seller is used to pay the commission in most cases. 

If you do not have a buyers agent of your own, the sellers agent/broker will get 100% of agreed commission. If you have your own, the commission is generally split 50/50 between your buyers agent and the sellers agent. You do not save any money not using a buyers agent at all unless you negotiate a commission rebate with the sellers agent or a lower price as a result of not having your own agent.
  • October 25 2012
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It's very important for everyone working with a realtor, buyers or sellers to understad how they get paid. In most cases, no the buyer does not get charged a commission. Here's a link to a video describing the process of how Realtors get paid........

http://www.youtube.com/watch?v=KeVEb03QGSY
  • October 25 2012
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Seller are typically responsible for the commition in Maryland unless other arrangement have been agreed to by both parties. 
  • October 24 2012
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Profile picture for Shane Torres
Around us in Iowa Sellers pays Realtor fees and then brokers split it. 
  • October 24 2012
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Typically the seller pays the buyer's agent. The link below is to a great NYTimes article about how the process works.  


http://www.nytimes.com/2011/09/18/realestate/the-buyers-broker-getting-started.html?_r=0
  • October 24 2012
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Profile picture for Dunes ..
You pay for the Property..the seller pays the Commissions at closing from the money YOU paid for the property
You should be able to determine who's actually paying the commission

FEES....Any Agent/Agency that charges Commission then charges additional Fees or blah blahs about they need/want a Paperwork Fee should just be laughed at hysterically by consumers as thery go elsewhere to do Business imo


Agents/Agencies are SELLING Services..
You're hiring so shop around, ignore the Sales pitches and do what works best for you...not them.

REFERRALS: Many Agents/Agencies pay each other generously for Referrals which is why Consumers get so many "Friendly" offers to Refer
Referral Fishing..don't be a fish ;)

  • October 24 2012
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Good Morning,
You need to ask the Realtor that you are interested in working with. I for one, do not ever charge my buyers clients ANYTHING. Some brokers/agents will charge you a transaction coordinator fee. ($300-$500) This is, in effect, to do the paperwork required for their brokerage. This is so the agent is not bogged down with paperwork and can free up their time to continue to sell. IMO, this is not a fee the buyer should have to pay. I have a transaction coordinator and I pay her myself out of my commission since she is doing my paperwork. OK, I will get off my soap box, but the short answer is that it depends on who you use! Good Luck!

  • October 24 2012
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Profile picture for Ofe Polack
This question can only be answered by the buyer agent you choose.  In most cases the seller pays the co-broke commission but oftentimes the commission offered by the listing agency is lower than the commission requested by the buyer agent, in which case the buyer pays the difference.  Discuss this scenario with your buyer agent, prior to making any offers. 
  • October 24 2012
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Just be sure to work with an experienced "cash buyer" selling agent. Most Realtors don't seem to know how to put together a nice "cash offer" contract--strictly coming from a listing agent's perspective. Best wishes from So-Cal and good luck
  • October 24 2012
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Profile picture for AmandaMack1
Must of the time no but there are a couple of brokers that charge buyers an additional fee for"paperwork". Before you sign before to ask if you are being charged any fees, most brokers do not charge the buyer an additional commission. Congrats on you decision to invest! Let me know of you need helpfinding a great agent in your area.
  • October 24 2012
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Thanks for posting your question on Zillow.com!

In Pa., the seller pays both sides of the commission as a standard.  There are some exceptions if the buyer's agent requires a certain % and the seller will not match that the buyer's Realtor will try to charge the buyer.

Best of luck to you.  If you need a Realtor, search in your area on Zillow.com then read past client reviews of them.  If this does not work, feel free to reach out to me and I can refer you a good on in the Ventura area.
  • October 24 2012
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The co-op fee is paid buy the sellers of the property, there are a few exceptions though, if you are looking at a For Sale By Owner and they do not pay a co-op fee you will be ask to pay one, and most Realtors will have a certain co-op fee that they require and will not take less. They should communicate that rate to you at the very beginning and have you sign a Buyers Agent Agreement when you first start working together, the agreement is important because it protects you and the agent from any miscommunication.

If you do not have an agent yet you should interview at least three, and that is always a good question to ask the agent when interviewing.

You can go on my website [Website deleted by Zillow moderator. Please see our Good Neighbor Policy.]

  • October 24 2012
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