Quote:
Originally Posted by OrangeBlossomBaby
That's because the only time the commission is paid, is AFTER the sale has closed. At that point, the buyer ceases to be the buyer and becomes the homeowner. And the commission was built into the price he paid for the home. It's in the contract. The sales price INCLUDES the commission.
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Not true. Legally, the seller owes the commission when the broker finds a willing buyer. There have been cases where the broker has sued a seller for the commission because the seller backed out of the sale and the house was not sold. Read the listing contract. The broker earns the commission when he/she locates a willing buyer for the house, not when the closing occurs. The listing contract and the sales contract are two separate contracts.