Home Buying in Orlando>Question Details

S. Ismail, Other/Just Looking in Orlando, FL

is buyers paying commission?

Asked by S. Ismail, Orlando, FL Fri Dec 13, 2013

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commission are NOT stated in the purchase contract. Buyers do NOT normally pay the commission. But may stifft for an ' administration' or other fee by some big box companies so watch for that. It is the seller that agrees with his Broker a number and then the sellers broker shares his commission with the selling ( Buyers Broker) broker vie the agreement in MLS. Agents do not negotiate commissions without the permission of their brokers. It is Brokers that are paid commissions at closing. NOT their agents If you need more help understanding then please get in touch. alan@frontlinefloridarealty.com
1 vote Thank Flag Link Fri Dec 13, 2013
Most of the time, the commission is negotiated between the seller and the seller's agent. That commission is then split between buyer's and seller's agent if there are two different brokerages involved. So to answer your question, most of the time, unless otherwise stated in the contract, buyers do not pay commission.
1 vote Thank Flag Link Fri Dec 13, 2013
Its very rare that the buyer does pay the commission. The seller and his/her listing agent will agree upon a commission typically 5-6% .. If the buyer has an agent the listing agent and buyer usually split the commission. My broker told me recently that of all the hundreds of homes he has sold its only happened a few times where the buyer actually pays the commission.
1 vote Thank Flag Link Fri Dec 13, 2013
Interesting set of questions you have asked today. Have you had a problem with someone doing unlicensed activity?

Depends on the contract the buyer signs. When in doubt, read the contract.
1 vote Thank Flag Link Fri Dec 13, 2013
Unless otherwise stipulated in the contract, no.
1 vote Thank Flag Link Fri Dec 13, 2013
If you are buying a home that is listed with a Realtor, the seller is paying a fee for the services. Part of this fee is usually paid the the brokerage that brings the buyer. The fee is in the price you pay for the home but the seller is paying it, but ultimately you are.
1 vote Thank Flag Link Fri Dec 13, 2013
Hi There:

Usually the way it works is like this: I give you example with numbers so it is easier to understand:

1) The seller hires an agent to sell his/her home. The seller and his/her agent will sign an agreement which determines the commission. Lets say 6%.
2) The seller's agent put the home on the market and offers a portion of his/her commission to the buyer's agent. Usually they go 50/50. So the seller's agent gets 3% and the buyer's agent gets 3%.

The way the seller's agent splits his/her commission with the buyer's agent is specified in the original contract the seller signs with his realtor.

So usually the seller will pay the commission for both agents (here in Florida).

Of course the buyer's agent could sign an agreement with the buyer to charge him/her for his services. That is of course an agreement between the buyer and his/her agent.

Hope this helps to clarify your questions.

Abraham Bidhendi
Top Producer Realtor® with over 26 years of experience
Awarded as Exit's TOP Buyer side Transactions for the State of Florida
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com
Search Entire MLS At: http://abidhendi.orlandopropertiesonline.com/search
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
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0 votes Thank Flag Link Thu Dec 19, 2013
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