There is so much we don't know at this time.
Due to the many variations in compensation created by this real estate and banking situation, the only correct answer is, "It depends."
Some distressed property arrangements defer all compensation costs to the buyer. Even in this situation, real bargains can be found.
Other situations, such as short sales, will attempt to adjust the compensation contractually agreed to by the seller and their agent, and may compel the buyer to pay the difference between the contracted compensation and the bank compensation.
Other situations will require a buyer to pay a flat fee up front. What you pay or don't pay may be entirely dependent on the property you happen to take a liking too. Your agent will be an invaluable resource in keeping you away from unexpected costs.
In a traditional transaction, it is the seller who agrees, by contract, what to pay each agent. In most traditional sales this results in the buyer incurring none of the fees associated with professional representation by a licensed agent. Be aware, the agent representing you, may have a minimal compensation requirement and if the seller is unwilling to pay this compensation, you may be on the hook.
There you have it. The complexities and intricacies of the current real estate environmental is mind boggling. The moral to the story is, "Ask your agent and inform your agent what you are willing and/or able to do." As much as a black and white answer is desired, the reality is such a simplistic answer could place you in a very uncomfortable situation.
Sit with your agent and repeat your question. It is truly important and you need to know. In a conventional sale it is the hard earned equity of the homeowner that provides the compensation for real estate professionals. The money a buyer brings, pays the banker.
Best of success in buying your new home. Your decision to stop renting and own will serve you well.
ReMax Realec Group