Talk of The Villages Florida - View Single Post - Will new real estate law on August 17th dramatically lower realtor commissions?
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Old 08-07-2024, 05:55 PM
SoCalGal SoCalGal is offline
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Quote:
Originally Posted by retiredguy123 View Post
At closing, the entire commission is paid by me on the seller's side of the closing statement.
Both the buyer's agent and the listing agent's commission must be fully disclosed on the final settlement statement. If you pull out one of your past settlement statements, you'll notice that the buyer's agent commission is fully disclosed there. It did not happen that the commission you agreed to pay the listing agent was disclosed in the seller's column as going solely to the listing agent.