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Who pays the realtor the buyer or seller

  • September 14 2013 - Kankakee
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Answers (18)

The person who is selling their home (the seller) is the one that pays the listing agent and the buyers agent. The buyer never pays a agent (ina  normal real estate transaction/sale) because they are the one that is buying the home.
The agents get paid by what is called a commission split from the seller, this commission will be agreed on at the time the seller signs the listing agreement.
  • September 16 2013
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The quick answer is that the seller pays the commission that is split between listing and selling agent. Here's how it works:
Listing agent writes listing contract with seller. On that contract, the commission amount the seller will pay is written, usually as a percentage. Within that contract, it is also stated that the listing agent will offer a portion of that commission to a buyer agent. This is done over the MLS. Each MLS property listing has a section telling the buyer's agents how much commission will be paid for bringing and representing a buyer for that listing. The listing contract is agreed upon and signed by seller and listing agent, up front, and represents the contract employing the listing agent/broker to sell the house.

There is a belief that the buyer pays the commission. It goes like this: every time a home sells using agents, the commission is included in the price. Theoretically, if the seller sold without an agent, the buyer might pay less for the property since there is no commission. Therefore, since the buyer pays the price which includes the commission, the buyer pays the commission.
  • September 16 2013
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Usually seller and it can be shared between seller's agent and buyer's agent.
  • September 16 2013
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Everything is negotiable.....normally when a seller and agent write up a contact to list....the fee is negotiated in the contract. But that is not to say it is not negotiable during a written offer on the home. There is usually a listing agent and a buyer agent. If the listing agent sells the listing there should be disclosures that say the agent is acting as an" intermediary". Fair and honest with both parties but not fully representing the buyer and seller.... as an agent can't fully represent two parties at once. Both the buyer and seller will have to get it in writing but occasionally the buyer will have already contracted a fee with his or her agent. And if all parties agree, the buyer would pay the buyers agent and maybe even the listing agent. Although this is not the "norm" everything is negotiable and everything has to be in writing by both the buyer and the seller to be valid.
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In a typical transaction the seller pays both realtors. The listing broker normally negotiated a percentage (usually 6% brokers fee) that will then either be split in half should another broker procure a buyer for the home (aka co-broke) or the listing broker will take a full 6% comission if they are able to find a buyer for the property without representation.

None the less, 99% of the time, the seller pays the broker fee negotiated prior to the home being listed for sale.

  • September 16 2013
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The sellers pays the listing agent.

Escrow will distribute the funds to seller, and listing and selling agent after escrow closes.
  • September 16 2013
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Going by the listing agreement,  typically it will be the seller who will pay the brokerage fees for  the sellilng agent and the listing agent.  The listing agreement dictates the amount or percentage and  how it  will be earned.

Always good to have good representation from an agent no matter what side of the transaction you sit on.

I hope this helps.
  • September 16 2013
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Profile picture for sunnyview
Title company may "disburse the monies" but the money starts with the buyer in 98% or better of sales. Only time that changes is if the proceeds are not enough to cover the seller's agreed commission.

BTW user946624, are you just curious, concerned about being represented or ?
  • September 14 2013
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Actually the Title Company or Settlement Attorney disburses the monies (commission) to both Real Estate Agents if there is a Buyer and Seller Agent.  When the Listing was taken the Seller agreed at that time, to pay a specific percentage of the sale of the house to the Listing Agent's Broker.  The Selling Price of the house, along with the percentage the Seller agreed to pay is what determines the commission paid.  A Real Estate Agent can only accept payment from his/her Broker if he/she has provided real estate services to both Buyers and/or Sellers. 
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Usually the sellers, unless the agent has the buyer agree to sign an agreement allowing additional compensation. 
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In theory it is the seller. There are instances where a seller may not be willing to pay a buyers agent (for sale by owner) and therefore the buyer must pay the commission if they want representation.
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Actually it is usually both. The sale price usually reflects the commission so if the listing agreement says the seller pays the commission, then the commission is based on the price so when the buyer/seller agree to a price, the buyer is paying it because he/she is paying the price and the seller is paying it because it is a cost to the seller on the closing statement.
If the seller was selling FSBO and he/she got the same price a similar property got that had a Broker w/commission, then the FSBO seller would walk away with more $$because there is no commission to be deducted. In such a case the buyer needs to get the price reduced by the amount of that theoretical commission or he/she would be over paying by that amount.....in theory, but there are lots of theoretical scenarios with regards to commissions.
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Profile picture for Andrew Malak
Directly Realtor's brokerage. Indirectly the buyer. Why? Because buyer pays for the house. The seller than pays from this money his listing brokerage. From that money the listing brokerage pays the selling brokerage. From that money, selling brokerage pays its broker. These days it all happens much quicker at the closing when the title company distributes the money right away on behave of the listing brokerage. This happens in 99% of sales thru MLS.
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The most likely scenario is the seller to pay commissions, however there are circumstance the buyer can and will contribute, such in the case of a " For Sale By Owner" each situation can be different based on circumstances. Be sure to discuss this with your agent up front. Most professional agents will cover this in the initial interview to ensure you understand the process
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Seller, but no one gets paid until home is sold.
  • September 14 2013
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Profile picture for Outer Banks N C
In the vast majority of sales the seller pays his agent's company the agreed commission after the sale closes. The seller's agent's company then splits the commission, they got from the seller, with the buyer agent's company who then splits that with the buyer's agent at their agreed amount. So basically the seller pays 99.99999% of the time.
  • September 14 2013
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Profile picture for sunnyview
The contract to pay the listing realtor is signed by the seller. When the seller gets paid upon close, they pay the agents out of escrow proceeds that came from the buyer.
  • September 14 2013
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Historically, the seller paid the REALTOR©.  Nowadays, we see this is not always the case, as commissions (fees) are negotiable.  Depending on the transaction, the commission (fee for service) may be paid totally by the seller, or split between buyer and seller (if it is a limited dual agency transaction), or paid totally by the buyer in the case where a seller will not have the additional proceeds to pay the fee.  It is advisable to discuss fee arrangements prior to signing any type of paperwork, and make sure you get EVERYTHING in writing!  For more tips and information, please visit [Website removed by Zillow moderator. Please see our Good Neighbor Policy.]  Hope this helps.
  • September 14 2013
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