You have gotten useful answers so far. Here is some information that expands and explains in more detail what you have been told.
http://www.chicagotitlesd.com/march07/BuyersGuide.pdf BUYER'S GUIDE
http://www.chicagotitlesd.com/october05/SP1158WhoPaysForWhat.pdf WHO PAYS FOR WHAT
http://www.hud.gov/buying/index.cfm HOUSING & URBAN DEVELOPMENT (HUD) BUYING GUIDE
In San Diego, we usually see the seller paying the Realtor Fees (along with some other fees)
As with any thing,fees are ALWAYS negotiable.
In this case, real estate commissions are determined by the listing agent and the seller.
This rarely affects the buyer because it comes out of the sellers net.
When you see the stats of homes sold with a Realtor vs without a Realtor.
Good Realtors are well worth their fee.
see more info on these type of questions below
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My advice, if you are a buyer, use an agent...it does not cost you a dime, so why not?
We suggest that if you have not already chosen a Realtor, you consider a CRS agent. Fewer than 4% of Realtors nationwide have qualified to earn this prestigious designation that requires extensive education and also substantial experience and proven results with sales for sellers and buyers. You can find a CRS agent at CRS.com. Happy home hunting. What a great time to be a buyer!
In almost all cases the seller pays their agent and for you to have your own buyer's agent too. This is true for bank owned properties and for most home builders too. So, you get the benefit of your own representation without having to pay for it. Good question!
Diane Conaway, RE/MAX United, (760) 749-2888