Quote:
Originally Posted by sweeps
No, technically the seller is paying the commission, hence the debit to the seller.
The buyer is paying $X to the seller to buy the house regardless of whether the seller had an agent or not. It's up to the seller to settle up with his agent. If the seller had no agent, then he gets to pocket more of the sale.
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This is correct. The seller pays the brokers fees, not the buyer. Of course, I suppose a seller could ask a buyer to pay them, but who knows.
One of the biggest reasons one needs a agent to buy real estate is you pretty much want to go look at the home before offering on it don't you? Well, try to get into a home for sale without a real estate agent and see what happens especially if it has a lock box on the door.