If youâ€™d like more information on how to qualify for the purchase, feel free to call me.
Loan Officer at Pacific Funding Mortgage Division, PFMD
DRE License # 01877009
NMLS License # 317122
1. Auction - buyer would have to pay his/her agent/broker to advise, although most won't represent this kind of transaction because of liability.
2. FSBO (for sale by owner) - although a majority of these sellers will pay a buyer's agent, some won't, in which case the buyer would have to.
3. Some developers do not pay realtors in the initial offering phase. In this case the buyer would have to pay.
Please note however these are rare exceptions.
Lance King/Owner-Managing Broker
Another method is that the buyer will agree to pay the realtors. This can drive the total cost of the transaction down. In this case the property cost will be X, the fees Y, both to be paid by the buyer. This situation is not common.
First, keep n mind that all commissions are negotiable in every transaction. Please don't interpret that to mean that brokers WILL agree to discount their commission.
As others have said, typically the commission offered is negotiated between the seller and the listing brokerage when the property is listed for sale.
There are also times when all or part of a commission may be paid by a buyer. If you enter into a Buyer-Broker Agreement with your agent it will include provisions for commission to be paid by the buyer. Again, all commissions are negotiable. Just be aware that there are some very good reasons for a buyer to agree to pay all or part of a commission.
Hope this helps.