The commission agreed to is a matter negotiated between seller and listing broker. The amount to be paid out must be disclosed on the MLS.
Nothing more than that...
Unwavering Commitment to Service
At the closing, you noted that 2.5% was going to the buyer's agency (what we call the selling agency). But there was nothing going to the listing agency. Chances are, that there was enough "earnest money" already in the hands of the listing agency, and rather than bring that to the closing, they withheld their percentage, and returned any balance to the closing.
In other words... let's say that the total commission on the deal is $5,000... ($2,500 to the listing agency, $2,500 to the buyer's agency). And that the deal had $5,000 in earnest money on tap, being held by the listing agency.
The buyer's agency got paid $2,500 out of the closing, but the listing agency actually BROUGHT $2,500 to the closing, and simply HELD the other $2,500. So you saw that they got paid 0% out of the closing.
This is what happens when the "public" gets into things that are meant for the professionals. This is a perfect example why some things are "hidden".
It is an agents responsibility to explain to a client the difference between a Buyers Agent, Sellers Agent, Brokers Agent, and Dual Agent. It is not something that is open to interpretation. Have you had an agent explain agency to you? Vicarious liability is something not everyone can wrap their brains around, so to put it out there if you can't explain it, (and not every agent can) just creates the junk that you are putting out there.
Why would anyone work for free? No one should work for free - not the broker - not the agents. Ralph, Kevin & Patrick said it best.
Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
In The Top 2% of Century 21 Agents Nationwide!
It could be the MLS information was incorrect. I don't know of any listing agents who list for free and provide full service and I haven't heard of any liability issues related to being a seller's agent that would prevent a professional agent or broker from charging a fee. I do know of selling brokers who ask for a a smaller listing fee (1%?) and give a regular 3% to the buyer's broker to build their client base and get referrals (so they would charge 4% total to the seller for listing and selling) while still providing full represenation.
The Cascade Team
Simply Outrageous Service! Not Outrageous Commissions!