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Home Selling in Wallingford : Real Estate Advice

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Thu May 5, 2016
Kary Krismer answered:
There is no one answer to this question because agents can each negotiate their own commission. Typically though the seller enters into a listing contract with a listing agent who is part of the NWMLS, and that contract offers buyers' agents a commission. So the seller pays both the listing and buyer's commission.

The reason the system is set up that was is it benefits sellers, bringing them the most buyers--particularly in the current market where multiple offers and bidding wars are common.

The other major items a seller pays is the real estate excise tax (typically 1.78%) and the buyer's title insurance (varies depending on price, but typically between $500-1,200).
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Wed Aug 5, 2009
Courtney Cooper answered:
Yes, you all three need to sign the listing agreement, but your Realtor should be able to do that electronically for you for the out of area seller. It only takes a minute. Do they have an email address? ... more
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