Generally speaking here in Southern California Real Estate agents are paid by the seller to the sellers broker and the sellers broker pays the buyers broker.
Buyers agents have buyers sign agreements to work with buyers stated the commission they will be working for. Lets say you sign up with a agent / broker to buy a home in Palm Springs, and in the arrangement you agree to pay the agent / broker 3%. If the property you purchase already pays 3% there is no out of pocket cost to you. If the seller only offered 2.5% then you would be paying the other .5%.
If you happen to have no Buyer Broker Exclusive agreement then the agent generally gets paid by the seller as above in the first paragraph.
If you are already working with a REALTOR, you should bring the question, and any others up with that person. Just remember as agents / brokers / REALTORS, we can not give legal or tax advice.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
Best of luck!
Buyer should paid ONLY for expences related to the transacion on their side. Like loan or other ecrow expences.
Fredy R. Rodriguez, CRS, GRI, SFR, HAFA, E-PRO, RSPS, NAHREP, CBPS, Five Star Institue, REO, Short Sale, Lease To Own Certified, Five Star FORCE
Credentials & Certifications
CRS, Council Of Real Estate Specialist
GRI, Graduate, Realtor Institute
SFR, Short Sale and Foreclosure Resource Certification
Certified Broker Pricing Specialist, CBPS Desingation
Five Star Institute, REO Certified
Five Star Institute, Short Sale Certified
Five Star Institute, Lease To Own Certified
FORCE, Federation Of REO Certified Expert
Probate Certified Specialist
NAHREP, National Association of Hispanic Real Estate
If you'd like more general information on Short Sales, I welcome you to visit my website ... on the menu bar, click on Short Sales where you will find a number of articles and information to assist Short Sale Sellers and Buyers http://ShortSaleSully.com
Buyers of short sales do not pay the Realtor's commission. The commission is paid from the seller's side, just like a normal sale. If it were a bank-owned home then the commission would be paid by the lender.