People also ask
Who pays the real estate agent fee?
The agent fee is typically paid by the seller to the listing broker who, in turn, shares part of it with the agent who brings a buyer to the table, explains Adam Reliantra, a real estate agent in West Toluca Lake, CA. When the sellers set a listing price for the home, they usually take the agent’s commission into account;
Who pays the buyer agent commission?
And while this fee is technically paid by the seller, it factored in to how much sellers list their home for. Since these fees get baked into a home listing price, and you檙e the only one who has to pay money at closing, the buyer’s agent commission gets passed onto you when you buy a home.
Do I have to pay a real estate commission?
Real estate agents work for a brokerage, and all commissions are received by the brokerage. The broker then pays the agent. As a buyer, your expectation should be that when purchasing a property and having a real estate agent represent you in your purchase that you should not have to pay any real estate commission.
What does a real estate agent do?
Real estate agents work for a real estate broker. All fees paid to a real estate agent must first pass through the broker. Only a real estate broker can pay a real estate commission and sign a listing agreement with a seller.