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If there were two commercial real estate agents on the deal (one representing the landlord/owner and one representing the tenant) then each agent will earn $3,125.00 ($6,250.00 / 2). In leasing transactions the landlord/owner of the commercial property is the one who pays the commission fee.
Standard practice is that the seller pays the real estate commission of both the listing agent and the buyer’s agent, according to Ruth Johnson, a Realtor in Austin, TX. But she also points out.
Who Pays the Real Estate Agent? Real estate agents do not get paid the same way most professionals do. A good agent will work tirelessly for hours on end, but they don’t get paid hourly. In fact, they only get paid if and when a transaction is made, and their commission generally comes from the seller.
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Precisely who pays a real estate agent’s commission is where things get a little tricky. Assuming that both the buyer and seller have an agent, you could argue that the seller pays it or that the.
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It really depends on what is agreed upon in a contract with the Seller. A lot of FSBOs will pay a co-op to the Buyer’s agent, but do not assume this. Otherwise, the Buyer could pay the agent.
The seller normally pays the real estate agent commission but this is negotiable. Sometimes, the buyer and seller split the commission. A written listing agreement must specify the amount of the commission. This is paid to the agent’s broker when escrow on the property is close.
The seller pays the listing broker’s commission. The listing broker gets 55% of the commission and the selling broker gets 45% of it. They respectively split it with their agents. However, if you have a buyer’s agent, you would pay his commission. This would be an agent you contract to help you buy a house.