Home Buying in 08050>Question Details

Kristi, Home Buyer in Trenton, NJ

How does a realtor get paid? Who is responsible for making the payment - the buyer or the seller's agent?

Asked by Kristi, Trenton, NJ Sun Oct 11, 2009

Typically, how much does a realtor receive in commission? If it is the home buyer's responsibility, can it be put in the contract that teh seller's agent pay the commission?

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Answers

3
Robert Greenblatt, MBA’s answer
Hi Kristi. In New Jersey, the commission is typically paid at the closing table from the seller's proceeds. The Checks are made payable to the agencies with whom the agent's are employed. The agent is then paid a portion of those proceeds from their agency.

Robert Greenblatt
Keller Williams
Cherry Hill
1 vote Thank Flag Link Sun Oct 11, 2009
Hi Kristi, looks like you got your answer - you asked a great question on a point that is often misunderstood. As a buyer you will be well served by the services of an experienced full time agent you trust, and now that you see that it is the seller that will pay the commission to both buyer and seller agent, there really is no reason not to engage the services of an agent.

Good luck to you!

Best,
Jeannie Feenick
"Unwavering Commitment to Service"
Search the MLS at http://www.feeenick.com
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Tue Oct 13, 2009
Thanks so much, Robert! The information you've provided is extremely helpful! Have a great day!
0 votes Thank Flag Link Sun Oct 11, 2009
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