Home Buying in Portland>Question Details

Jenerra, Home Buyer in Portland, OR

If I buy a home without a realtor, do I still pay a commission fee?

Asked by Jenerra, Portland, OR Thu Feb 5, 2009

I understand that it isn't a smart option and do not wish to go through the process wihtout a realtor. I am simply fact-checking something I was told that I do not believe is true.

Help the community by answering this question:


Wow, how is that for an extrapolation from what I said. To reiterate, my points were:

1) RE contracts in OR are fixed regardless of the property you buy
2) The information on comps, etc, is a few clicks away plus subsequent drive-by to verify
3) All of the heavy lifting around the sales contract is done by the appraiser and the title company for which they charge around $500 and $1000, respectively
4) A buyer's agent in OR adds value under limited circumstances: for out-of-towners who need advice on trends and neighborhoods, and for first-timers who need re-assurance in the process. Both of these are undeniably value-added services.
5) A seller's agent CAN add a lot of value if they are any good by properly indicating cosmetic improvements, packaging and promoting the property, and being honest with their customer on what the market will bear. This is a service that, when provided properly, is well worth 2-3% of the property value. Taking a few lousy images of the property, hosting an agent's tour and an open house or two does not rise to that level (BTW, a course on basic photography, proper use of a wide-angle lens and color balancing should be a mandatory :-)
6) A motivated DIY-er who knows the neighborhood(s) they want and is willing to drive themselves around has very little to gain from a buyer's agent, particularly in the presence of sites such as Trulia, Redfin, etc, that as best as I can tell include everything that I have seen on RE agent sites when I have been their customer and add a lot of value-added functionality such as links to street views, statistics for the neighborhood, etc.

For anyone willing to rebut any/all these points with specific facts and examples, I will gladly engage in a factual debate. And finally, I never said that RE agents do not deserve to be paid. My assertion is that the average payment on the buyer's side is grossly out of proportion to the services rendered. To prove otherwise would require that those in the business disclose how many hours they spend on a typical transaction by breaking it down in two categories --- driving the clients around and actually doing work related to the transaction (research, comp analysis, etc). Only then we can then make a conclusion on how the hourly rate relates to other professional services.
2 votes Thank Flag Link Sun Apr 4, 2010
No. You save 3% off the finalprice of the house when you do it by yourself. Smart move because the bank, lawyers and other will do most of the work. You just need to pick a place and price.
2 votes Thank Flag Link Mon Mar 16, 2009
Hi Jenerra,

I'm going to assume you are an intelligent person with good intuitions.....I'm sure you will be able to tell if you are working with a good Realtor or not. A good one is going to know their facts, present them well, and help you get the best price and terms possible for a new home purchase. Use one! Do not sign a buyer/broker agreement and you can switch agents any time you feel you are not being serviced correctly....even if you are in escrow, if you feel misrepresented, you can contact the agent's broker to help you further.

That being said....the entire sales commission is paid by the seller....unless something is disclosed to you up front or in a counter offer. (I've seen a few short sales where the bank has slashed commissions and the listing agent tries to recoup by asking the buyer to pay....but this is very clear). If the listing is handled by a listing agent, then ALWAYS use your own agent, the listing agent will get the full commission if you don't and has a first duty to represent the SELLER....NOT YOU. Have someone on your side.

And use your judgement about who that should be...as with most forums, only those consumers with bad experiences spend the time to complain about it....those who are happy are too busy being satisfied to hang out and berate an industry. :)

1 vote Thank Flag Link Wed Apr 7, 2010
Most of the answers here are from RE professionals and are way too self-serving to be considered seriously. While it is true that a buyer does not pay his agent directly, ultimately he and the seller foot the bills for the extravagant commission earned by both agents. It is a cold hard fact that RE contracts in Oregon are fixed. You use the same forms whether you buy a $1M home in the West Hills or a $50k crackhouse in a rough neighborhood. As a buyer you need to a) get your own inspector and b) understand any contingencies the seller wants to attach to the contract c) pay a fair price. The RE agent that "represents" the buyer does little else other than to drive you around and fill out standard forms, while collecting 3% for the privilege. The comp reports they make are really a joke, nowadays all the information you need is a few clicks and drive-by's away. And since the bank will insist on a appraisal, you get a second opinion on the purchase price whether you want it or not. And if you do want an independent opinion on the value, hire your own appraiser for $500. The legal heavy lifting is done by the title company. As long as you know where you want to buy, get a good inspector, and get a clean title report there is little else that an agent can do to keep you from getting burned. While good seller's agents do make a difference as to how the home is marketed, presented, etc, buyer's agents are only useful to people who do not know the area and/or situations where the RE market is poorly regulated and subject to custom contracts in each and every case. One can seriously argue that few agents are good, of the five or so I have had to deal with in my life only one would have been worth the 3% commission, unfortunately we did not end up buying in his area.

I am sure that may of the RE professionals that have responded to this thread will disagree with my opinion. I would be perfectly OK being discredited as someone who does not know what they are talking about, but that would require that the licensed professionals who post here provide specific advice on how they can make a difference. And let's stay away from the trivial examples of providing advice on neighborhoods. The assumption of my post is that the buyer is a DIY-er who is willing to do the legwork with respect to neighborhoods and schools.
1 vote Thank Flag Link Sun Apr 4, 2010
Ah I see, I misread the question originally. The contract that seller has with the listing agent is between the seller and the listing agent, a buyer is not a party to that contract and as such has no influence over it. As a buyer you pay a price, that's all.

The contract between listing agent and the seller may specify that the agent will reduce their comission if they are getting both sides, or it may not. A listing agent may also be willing to reduce their comission to increase the "net gain" to the seller to make the deal go through, or they might not.

However as a buyer you just pay whatever price you want and hope your offer is accepted, weather you have a buyer's agent or not doesn't change this.
1 vote Thank Flag Link Mon Mar 16, 2009

You do not have to pay your Buyers agents commision. The Buyers Agents commision is paid by the seller.

I hope this helps!

Kimberly Kinville
East Metro Specialist
0 votes Thank Flag Link Wed Jun 30, 2010
Hi Jenerra,

You as a buyer should not be required to pay a real estate commission. The real estate commission should be paid by the seller. The seller has a realtor working for him, and you should have one working for you..

Happy House Hunting!
0 votes Thank Flag Link Wed Jun 30, 2010

Why would you want to...why not have professional representation since it's free to you! The wise answer would be use a qualified agent to your benefit. Remember to, that a licensed agent carries EEO insurance that covers errors that may be made in a transaction that you do not have. Want more info...contact me at 503-887-5323 or waite-david@msn.com.
David Waite-JLSMC
0 votes Thank Flag Link Wed Jun 30, 2010
In nearly all real estate transactions the seller pays the listing agent a fee for creating and finishing a sale of the sellers property. The listing agent in turn pays the broker/agent representing the buyer - at no expense to the buyer. A prudent buyer will seek quality representation. It may not be tactful, but let's be real here; If you are worried about the expense of the broker's commission, you're not being frugal, you're being a cheapskate ( a form of intense greed) or you simply are not in an economic position to legitimately buy a property.
0 votes Thank Flag Link Wed Jun 23, 2010
In most states the seller pays the commission so if you do not use a Realtor to buy the house the Sellers Realtor will be representing you and will keep the full commission that would have went to your Realtor. You could try to negotiate and reduce the sales price by the amount of commission that your Realtor would have made but that is not always possible.

Listings agents typically love it when a home buyer tries to buy the home themselves because they can control the transaction for their clients. Not having representation puts you at a great disadvantage unless you are very knowledgeable of the market in your area. Even if you are able to get the listing agent to give up some of the sellers commission that was for the buyers agent you could end up paying a lot more in the end. So unless you have experience in all aspects of the purchase transaction your best interests will be served by using an experienced agent.
0 votes Thank Flag Link Mon Jun 21, 2010
Hi Jenerra,

From what I understand of a few other states as well as in my own state (California), the Seller usually pays the commission. There are other circumstances that could alter that such as a Buyer/Broker Agreement specifying terms of the relationship.

0 votes Thank Flag Link Mon Jun 21, 2010
HI in PA the commission is always negotiable and can be paid by either the buyer or seller.

Mostly commonly the large part of the fee is paid by the Seller, there may be a small percentage that is due from the Buyer. There are no set percentages and there are always exceptions to the rule.

Having a REALTOR looking out for your best interest is the most important thing. I personally became a agent then a broker because I purchased my home without the assistance of a REALTOR. Bg mistake!!!!!
0 votes Thank Flag Link Sun Apr 11, 2010
Hi, Jenerra

We live in the state of Oregon which allows agents to represent both sides of one transaction, the buyer and the seller. The listing agent may, or may not represent you. You would have to request the listing agent for representation. Some agents will, or won't since this can be a conflict of interest and some agents feel uncomfortable representing both sides with priveledged information.

However, if you have your own agent, or you use the listing agent to represent you-the commission to represent the buyer is paid by the seller.

I alway reccomend using your own Buyers Agent- who is unbiased and works only for your interests.

I hope this helps!
0 votes Thank Flag Link Sat Apr 10, 2010
You won't pay the commission fee. You probably won't get a better deal either. Most often the selling Realtor already has a contract with the seller spelling out exactly what happens if the buyer is not represented.
0 votes Thank Flag Link Fri Apr 9, 2010
I would make certain that the realtor you contact which in this case would be the sellers agent, that the commission is paid by the seller. You will be on your own without representation.

good Luck

0 votes Thank Flag Link Fri Apr 9, 2010
Hello Carl,

I agree that you should always use a good realtor unless you are very proficient in all aspects of the transaction.
I did buy without one when the market was hot and told the realtor that she could negotiate her 6% with the buyer but my price was not moving an inch. I think that I induced her to decide whether to convince the seller to take the offer, or lower the commission. In the end she took the deal and the 6%. Do I think I saved a couple of thousand dollars.........yes maybe!
However, if you do not know what to look out for it can cost you much more than that..

0 votes Thank Flag Link Fri Apr 9, 2010
Heresy, but some folks look at it this way: Seller has $200,000 house. Usual commission is 6% or $12,000, net to seller $188,000. Seller thinks he can sell himself and save the commission. But buyer, seeing there is no broker involved, thinks he can save the commission also. So the offer is $188,000. Both seller and buyer want the commission. If buyer pays any more than $188,000, he has paid seller "some commission," theoretically. The fallacy in all this, is the real market value is a result of as many buyers as possible seeing the house. Only a realtor has a chance to bring the marketing effort and the buyers and thus the best chance for the best price. And not all realtors are equal. Some will do it for 4% or slightly more, but will not do as much to market the house as another for 6%. Remember it is the number of buyers that matter. 100 people are more likely to produce a better buyer than 10 people. 100 people will come from ads, internet, open houses, promoting to realtors with special open houses, sending "Just Listed " mail, MLS, being available with office hours as long as possible, prompt response to inquiries from public and felllow agents. The lower commission sacrifices many of these efforts and thus produces less chance for best success for seller. And to answer the question, what about risk of over-paying for the house? The appraisal process, from an independent professional for the lender, makes sure the value risk is within real current market value. Use a realtor and let them negotiate with seller for any commission.
0 votes Thank Flag Link Fri Apr 9, 2010
Its not true that you will have to pay commission...but..commission will be paid, as it usually is, by the owner of the property.
0 votes Thank Flag Link Thu Apr 8, 2010

The fee is usually charged to the seller. He usually takes a 6% commision and splits that with the buyers realtor. If the buyer has no realtor, he usually keeps the 6%. As a buyer you are not being charged a fee by anyone so not using one you are still not being charged a fee.

0 votes Thank Flag Link Thu Apr 8, 2010
If you are buying an existing home I would think not. The sellers agent could do the contract for a fee if you wanted to do that but that person represents the sellers best interests not yours.

If you are buying a new built home without a realtor and about 50% of people do it this way you are still paying that commission. Home Builders do not discount a home further if you are going it alone. Many Builder sales representatives have stated this as a fact right here on Trulia and Zillow. I would say that if you are considering a new build you would definitely want to use a Realtor as they can pull comps so you know what to offer.

Builders are less likely to negotiate but if you have hard facts from the MLS about similar sales you will have a better chance of getting a price reduction. Most builder sales are not in the local MLS so you will want to look at resales in the subdivision and newer homes nearby.

Good luck to you.
0 votes Thank Flag Link Thu Apr 8, 2010

If you had to appear in court on a serious criminal charge would you defend yourself or find the best attorney that you can afford.?
if you broke your leg would you go to the pharmacy and get aspirin or would you seek out the best doctor that you could afford.?
I am sure that you would do the best to protect yourself.
Just like in any other profession there are great realtors good realtors and not so good ones and awful ones. If you get a good one they are worth their weight in gold. If you get a bad one it will feel worse than using aspirin to heal a broken leg.
Do your due dilligence and ask friends neighbors and coworkers for referrals and recommendations. Interview the realtors like you would interview someone who was going to be handling the biggest financial investment of your life.......because that is what they are actually doing.

In most cases the seller will be paying for their services anyway.

0 votes Thank Flag Link Thu Apr 8, 2010

Most contracts b/t realtor and seller proivde a clause that sttates that if a buiyer returnes to the property after the expiration date, the seller remiains iable for a comission foir a period of1 180 days (6 montths) . Should you choose not to use a buyers agent, the stated comission willl go to the listing agent . . . . bottom line comission is paid either way. Rarely is there anty savings to the buyerm by not usinga Realtor.

In my view, it would be in your best interests to use a buyers' Realtor as they would most approipriately represent your wants and needs and fight for the lowest possible price.

Just today, I had a listing agent unconventtionally show up at my buyers home inspection wherein she indicated that a CofO was not necessary. In my view, this property is devoid of the necessary fire protection devices as per the townshipo's ordinances.

So, as a buyers agent, I have another fight on my hands to ensure that mt client is protected. Had I not been there, the buyer would have bought into the no inspection needed ascertiuon.

Yoyg can certainly givei it a go, byt it mught certainly COST uin\\ the long term.

Francesca Patrizio, Realtor, ePro, SRES
Coldwell Banker Residential Brokerage
DIRECT/CELL: 732.606.2931 (24/7)

NJAR Circle of Excellence '06, '07
Million Dollar Sales & Marketed '06 - '08
“TOP TEN” in Units CLOSED – 2009
Web Reference: http://www.PatrizioRE.com
0 votes Thank Flag Link Wed Apr 7, 2010
- I will be the first one to admit that the above is an unfair accusation

Yeah, you know; it's only a conversation when there's another person involved.

- Nor is it a disputable fact that when most RE agents selling $200-$300k homes are driving around in $50k+ luxury cars there is something incommensurate between value delivered and value received.


This, Groovy Geek, is a good example of mudslinging - throwing handfuls of loosely-crafted jumbles of words at a target with the objective of simply making a mess.

All the best,
0 votes Thank Flag Link Mon Apr 5, 2010
Mac McCoy writes "My assertion, without specific facts and examples, is that you have a good recipe for overpaying for or underselling a property."

I assume that in their desire to protect customers from overpaying, the vast majority of RE agents in the US have sold zero properties in the past few years? Because any advice to buy during that time frame would have been a dereliction of fiduciary obligation to the customer, right?

I will be the first one to admit that the above is an unfair accusation because bubbles are always "obvious" in retrospect (though there were plenty of people who were sounding the alarm bells on this one, most of them from outside the industry). However, this does not negate the fact that while RE agents may be well informed on "what the market will bear today", they are not necessarily aware of what the fair economic value of a property is. Or that many continue to deceive their customers by stating that "there has never been a better time to buy".

The question of true economic value is rather simple, and requires a comparison of the long-term valuation AND inflation trends, both of which can be had for free from Case-Schiller and the Bureau of Labor, respectively. For the specific case of Portland one can get the historical inflation rates from here
It is then a simple exercise to compute that a house that the fair value of a house that used to cost $100k in 1990 today is around $173k, or that a house costing $100k in 2000 should cost around $130k today. It is also a fairly straightforward to dig up historical price trends showing that a house that sold for $100k in 2000 actually sells for around $160k now. The data is rather clear-cut that the statement "there has never been a better time to buy" is not in the best interest of the customer, yet there are scores and scores of Portland RE agents who make precisely that claim, all it takes is a quick Google search to find them.

Last but not least, buying an asset whose value is inversely-related to interest rates at a time of historical lows is a sucker's proposition. This is true whether you are buying bonds or a house. Every 0.5% upward move in interest rates is equivalent to about 5% reduction in the market value of a home. Buying today without the expectation of staying in the home for a decade or more is a sure-fire way to be underwater when trying to sell 5 years later.

Yes, the purchase of a primary home is more than a spreadsheet exercise, and is not subject to the same dollars-and-cents review that one should subject other investments. However, it is an undeniable fact that the house is often the largest asset owned by most, and that by not educating their customers on the economic realities most RE agents are not providing BUYERS a service that is worth anything close to the 3% they charge. Nor is it a disputable fact that when most RE agents selling $200-$300k homes are driving around in $50k+ luxury cars there is something incommensurate between value delivered and value received.
0 votes Thank Flag Link Mon Apr 5, 2010
- Most of the answers here are from RE professionals and are way too self-serving to be considered seriously.

I think that if your criteria for evaluating information includes whether it is "self-serving," you are going to make a huge amount of mistakes in judgement.

- For anyone willing to rebut any/all these points with specific facts and examples, I will gladly engage in a factual debate.

Whether you engage or not is up to you. My assertion, without specific facts and examples, is that you have a good recipe for overpaying for or underselling a property.

What you do with that assertion is also up to you.

Best regards,
0 votes Thank Flag Link Sun Apr 4, 2010
" In any line of work you explore - you're going to find some people that do/don't do things that spoil the reputation of all if you choose to let it. The key is to not accept that as the norm and go find someone that is doing a great job to work with. The choice is yours."

In real estate sales, the norm does not seem to live up to very high standards. In addition to Groovy's 5 portland agents, I can throw in about a dozen New York agents, and Im just one seller. Im sure as you ask other seller's and buyer's the list will grow to encompass a very large portion of real estate agents in the US.
0 votes Thank Flag Link Sun Apr 4, 2010
Note to Groovy Geek - all I can say is WOW! ....and that I'm very sorry that the 5 or so agents you've dealt with in your lifetime, even though you didn't buy anything here in the area, were so bad that they caused you to assume that the other 6000+ licensed Realtors in the Portland metro area were all equally as bad and undeserving of being paid. Those 5 agents represent less than 1% of the licensees. Gee.......that would be kind of like calling all men in the world pigs just because I've known a few that cheated on their wives. Or that saying all teachers fool around with their kids like that Mary LaTourneau (or whatever her name was) did, Or that all cops beat people because of the Rodney King incident.....or assume that Obama is a bad president because he's pushing such a crappy health care reform program......well maybe at least that one is valid!

Sorry for being a little facetious.....you had to know your response would make a few people a little unhappy though. In any line of work you explore - you're going to find some people that do/don't do things that spoil the reputation of all if you choose to let it. The key is to not accept that as the norm and go find someone that is doing a great job to work with. The choice is yours.
0 votes Thank Flag Link Sun Apr 4, 2010
No, you do not pay a commission fee.
0 votes Thank Flag Link Mon Mar 16, 2009

As the BUYER, don't be concerned about the professional services fee because it is nearly always paid for by the seller.

Start looking seriously....

Good luck
0 votes Thank Flag Link Mon Mar 16, 2009
If you do not use the Realtor you will be in a very strong position to negotiate 3% more off the price than if you had one that was going to get that. It is kinda of the difference between take out and dining in. You have to pay extra for the exact same thing just to sit down. If you want to save on your meal just take it home. It will taste the same.
0 votes Thank Flag Link Mon Mar 16, 2009
As a buyer you do not pay comission to buyer's agent (unless the seller is a fsbo who refuses to pay comission) the buyers agent gets paid by the listing agent. Some people look at it as buyer paying though, since the buyer is the one footing the bill in the end. (of course, since seller doesn't get that many the seller looks at it as their loss, i.e. the seller pays) it's one of the more amusing debates about rel estate.
0 votes Thank Flag Link Mon Mar 16, 2009
Your hunch is right. In general, you do not pay fees for Realtor services if you are not represented by an agent. The exception to that is if you have signed a Buyer Broker Agreement, or exclusive agreement with an agent to represent you that specifies the agent's fees whether you use them or not, including if you decide to pursue a property on your own.

Typically a buyer's agent gets their fees paid by the listing agent (it is specified as the BAC in the listing on MLS - BAC = Buyer's Agent Compensation.

Of course, the inverse of this question is a different story - can I get compensated with a fee if I do not have an agent and am unrepresented? Now Jenerra, trust me, I know that is a different question that what you asked. But bear with me for the sake of completing this answer, the answer to the 2nd question is "No, you have to be licensed in the state of Oregon to receive a commission for real estate services."

I wholeheartedly agree with the other real estate professionals on this board - as a buyer you should never go into a transaction without a real estate professional looking out for your best interests. They will help you find a property, will complete a CMA (comparative marketing analysis) to determine the appropriate value, the will write the offer, educate you on the process, negotiation the deal, work with you on the inspection, negotiate repairs (including recommending contractors to assess the impact of magnitude of said repairs), and will project manage the deal through a successful close (including working with the lender, the title/escrow fees, etc.). When it is all said and done, every home buyer should have a Realtor on their side and their fees are typically covered by the listing agent - even better for the buyer! Hope this helps!
Web Reference: http://www.AskSarita.com
0 votes Thank Flag Link Wed Feb 11, 2009

As a "buyer" it is customary to NOT pay any fees for professional services. This is normally paid for buy the seller of the property.

So do not hesitate to find an agent to support your real estate interests..........

Happy house hunting
0 votes Thank Flag Link Mon Feb 9, 2009
Hello Jenerra,

I am sure you know by now that you don't pay a fee if you buy a home WITHOUT a Realtor, and you would only pay a fee to a Buyer's Broker if you have a Buyer-Broker Agreement- which would usually only come into play if you were to purchase a home when no cooperative buyer agent fee is offered by the listing broker or the unrepresented seller.

:A Word of Advice; it is never in your best interest to purchase a home as an unrepresented buyer. There are too many risks and ways for a buyer to be taken advantage of in a real estate transaction; sometimes not intentionally but still there may be details that you, as a buyer may not know to ask about. There are many details a Buyer's Agent will be sure to cover on your behalf; the Realtor you choose must enter into a fiduciary agreement with you to look out for your best interests throughout the entire transaction.

If you are looking for an professional representative , you should consider a Realtor who has a high level of customer service, willing to go the extra mile on your behalf. For instance, if you would like recommendations of my service and an interview with some of my clients please feel free to ask. In the mean time, you can go to http://www.qualityservice.org. Add my name and Portland, Or as the city. You will see that I have a perfect 5 rating and have been awarded the Platinum service award.

I wish you well with the search for the right agent. Of coarse I would love to help you; however, there are several other good agents to choose from right here on Trulia. You can check our profiles and contact us for interviews if you so choose as you look for the right one to serve you.

Best of home buying to you!

June Lizotte, Realtor
Providing REAL Service
Prudential NW Properties
6400 SE Lake Rd., Suite 200
Portland, OR 97222
jlizotte@prunw.com- email me directly
503-310-8032 - call me directly
Web Reference: http://www.junelizotte.com
0 votes Thank Flag Link Sun Feb 8, 2009
Hi Jenerra. I just answered another question you had. Generally, you never pay a commission to a Realtor as a Buyer and you can probably get this in writing from your Buyer's Agent. Buyer's Agents are paid by the cooperating compensation (cc) of the Listing Broker if they are members of the MLS. In our area, we have a going rate of 6-7% commission to the Seller depending upon the level of service. Then we factor into that the cc, generally we have a 60/40 split, with 60% going to the Listing Broker (not Agent) and 40% going to the Selling Broker. If it's the same Broker for both, then it's generally a 50/50 split. We have to factor in the fact that our Broker generally gets a cut (anywhere from 20% up to 75% depending on the rate each Realtor has agreed to with the Broker) unless you are a 100% Agent in which you pay a steep fee each month for your office and the services of the Broker.

I have been a Realtor for 12 years now and the only time a Buyer ever paid a fee for my services was when we found a FSBO who flat out refused to pay more than $1000 in commission. My Buyers knew how hard I had worked for them (they relocated here) in locating and narrowing down properties as well as helping them with their transition to our city and decided to pay me an extra amount (although I had NA on the form of the Buyer Agency Agreement that detailed the commission they would owe me).

I recommend to all my friends and family to be represented in every transaction.
0 votes Thank Flag Link Thu Feb 5, 2009
Hi - I just answered a different question you posted on short sales.....answer to this one is that 99.99% of the time the seller pays the commission and the buyer does not. The only rare instance where a buyer would owe a commission is if you were using a buyer's agent to purchase a FSBO and the seller refused to pay a commission. In that instance there would have to be an agreement between you and your Realtor regarding the commission. If you don't already have a Realtor that you plan on working with - I am one of a 3 member team of Realtors, as well as I am also a Loan Officer.....we would love to help!

Kelly Gebler
Real Estate Broker & Residential/Commercial Loan Officer
Commonwealth Real Estate Co. & Sunset Mortgage Co.
Ph: 503-516-1637
Email: LetUsGuideYouHome@comcast.net
0 votes Thank Flag Link Thu Feb 5, 2009
In most cases, from the buyer's perspective, the Realtor who represents you is paid by the seller via the listing agent's broker.

I would suggest that you sit down and talk with the Realtor that you select as your representative and ask for an estimate of funds required to purchase a property. This will also provide you with an opportunity to see if you and the Realtor get along.

Good luck.
0 votes Thank Flag Link Thu Feb 5, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
If you have not signed an Exclusive Buyer's Agency agreement with your first agent contact, you are not liable to pay a commission to anyone.

If the listing is in the local MLS, most (99%+) buyers are not charged a commission. The commission to the listing and buyer's agent is paid by the seller. So, if you have the listing agent write the offer on your behalf, he/she may keep all the sales commission paid by the seller (depending on the agreement between the seller and the listing agent). They aren't necessarily obligated to reduce the total commission if a buyer's agent is not involved.
Web Reference: http://www.repdx.com
0 votes Thank Flag Link Thu Feb 5, 2009
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