From the Exclusive Buyer Agency agreement (DElaware state) paper.

Alert_Buyer
Home Buyer
Hockessin, DE

The item 5 from the above paper says like this:

5. Broker fees: In consideration of the services to be performed by the broker, client agrees to pay to the broker as follows.

Selected option A.: The amount offered by the sellers's agent as a compensation to the Buyer's agent.

- This is signed by the client (me). I'm from Penn.

Does the opiton say the buyer (me) has to pay on the top of what Seller pays to the buyer by the same amount ??

Answers (2)
Letitia Stevens...
Agent
New Castle County, DE

I agree with Jacqueline, you should start with your agent.

Though ultimately the buyer’s responsibility, the commission paid to the buyer’s agent (the Selling Broker) is generally paid by the seller. It is usually offset against the commission offered by the seller’s agent (the Listing Broker) in the Multiple Listing Service (MLS).

Now, keep in mind that what you (the buyer) agree to pay your agent in consideration of services may be different from what sellers authorize their agent to pay your agent for selling their home. So, while not typically the case, it is possible for the buyer to pay part of or all selling broker’s fee.

With all that said, it really depends on how the agreements in the real estate transactions are structured. So, it is important that you understand your agreements and available options so that you can make informed decisions.


This response is for informational purposes only and is not a substitute for legal, tax or other professional assistance.

Mon Aug 17 2009, 17:53
Jacqueline Roark
Agent
Bear, DE
FIRST ANSWER

Your agent should have explained this thoroughly but to get the answer to your question, you should ask your agent. In most cases you will not have to pay a commission to the agent on top of what the seller pays, but check with your agent to understand all the ins and outs of the buyer agreement you signed.

Web Reference: http://www.jroark.com
Mon Aug 17 2009, 13:31

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