Quote:
Originally Posted by margaretmattson
A buyer DOES NOT HAVE A CONTRACT The commission is something the seller agreed to pay from the sales when signing a contract with an agent. It is the seller's expense.
The buyer throughout the entire process has no idea what commission was paid and to whom. They are never a part of that. It is possible there is a clause in the seller's contract that states zero commission paid if home does not sell at agreed upon price.
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The. Buyer. Has. A. Contract. With. The. Seller.
The. Seller. Builds. The. Seller's. Agent's. Commission. Into. The. Seller's. Sales. Price.
Whatever the seller wants to get for his house, he ADDS whatever the Agent has to get, to his "best and final" bottom line. It is the number he will not go below, to sell his house. The commission is built into that price. The buyer pays that price, OR the buyer doesn't get the house.