So I recommend finding another agent and working out something between you and them before making an offer. It will be a much better solution in my opinion.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
Here's the backstory:
When a prospective buyer calls the number on the sign in the yard, he or she is calling the listing agent who represents the seller. Should that prospective buyer want the listing agent to write an offer (without benefit of another Realtor or agent), then in actuality, the listing agent becomes a neutral party and cannot represent either the buyer OR the seller any longer when only one agent is involved. The agent cannot give advice or counsel to either side, including his or her former client, the seller. There is no "representing both sides", it's neither. It is in a buyer's best interest to choose a Realtor to represent him or her as an agent who will have the buyer's best interests at heart.
The "charge" of a listing agent is diametrically opposed to that of a buyer's agent.
Here's the answer to your question:
The seller pays the commission as agreed upon with his listing agent and that agent shares the commission with the other agent (if there is one) and both brokers involved also.
I hope that wasn't too much information! : )
Please be aware the agent must do all the work for the seller AND all the work for the buyer...and it's not always a cake walk. However, the agent is able to insure everything is being done on time and will avoid issues at the closing table.
Without exception, the better course of action would be to have an agent representing you throughout this process. Doesn't cost you anything and it allows you better insight regarding choices available that are most beneficial to you.
ReMax Realtec Group
Palm Harbor, FL
if you had brought your own agent to the picture as a buyer's agent, a portion of that commission would have been offered to the buyer's agent.
If you use the Seller's Agent as your Agent too; He gets ALL the commission.
If you use your own Buyer's Agent, the Commission is divided between the two Brokers, and then again, between the Brokers and their Agents.
Good luck and may God bless
People think they'll save money by contacting a listing agent directly, thinking that the seller won't have to pay a full commission, but that's not the case.
It is in your best interests to have your own Buyer's Agent. It doesn't cost you anything as a Buyer, so why not be represented in one of the largest transactions of your life?!
That's why it is a great idea to get your own buyer's agent.
It doesn't cost you anything more.
If anything I think it often will save you money, time, headaches.