When real estate is involved, most times it gets difficult to understand how the Realtor is paid. The percentage given to agents is gotten from the commission infused into the total purchase of the house. This percentage is determined by the seller and an agreement is reached before the business is sealed. There is a lot involved when a house or property is being sold. Most times a listing agent is involved and he pays the commission to the agents. As a buyer, your agent and seller’s agent have to split a commission fee from the total price of the house or property being sold.
When you put up the price for a house, you need to infuse the commission meaning that whatever the buyer pays you, the percentage fee for the buyer's agent gets paid by you. The fee is squeezed into the house or property’s listing price. The buyer's agent generally makes 1-3% of the purchase price of a property. Some buyers agent would charge a 50% upfront of their commission and then an extra 50% after the deal has been sealed. Sometimes the buyer's agent has a fixed price and lets the listing agent know so he can infuse it into the payment plan. The buyer’s agent is working for you so he needs to be paid. He's making sure you sell your house or reach an agreement with the buyer, beyond the commission, they are getting paid for the job being done, making sure you successfully sell your property or investment. Most times a buyers agent can tell you there's a development fee.
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The buyer's agent can't be paid by both parties if that's what you are worried about. They can be paid as a buyers agent to help you find a property and as a seller’s agent to sell the property because it would be an obvious conflict of interest. The buyer’s agent's commission has to be publicly declared to avoid misunderstandings. Normally, the commission given you agents for a house is about 6% of the total cost of the house. This is split between the listing agent or seller’s agent or the buyer’s agent. The buyer pays the money for the property to you and the listing agent cuts out the 6% which be shares with your buyer’s agent. A contract is always mostly signed for this to avoid any form of misunderstanding.
The listing agent can bring the buyer of the property himself and all you would have to do is still pay the listing agent, which is like paying the buyer’s agent from the money paid to you by the buyer. You would not be able to sell your property if you don't reach an agreement with your listing agent. They help you spread the word and also reach out to buyers.
So, you have to just pay the commission given to you by your listing agent and that settles it. The buyer’s agent gets paid his own commission from it.