The commission itself is up for negotiation between the seller and the agent. In the past, a sellers agent received a commission of 6% from the sale price, which they shared with the buyer’s agent. That has changed August 17th, 2024, as explained in the preamble. It's highly recommended that you as the buyer discuss the compensation directly and upfront.
PAYING THE COMMISSION
The overall commission is paid at the settlement period. The fee is taken from the proceeds of the sale of the home or the property.
9
Powered by FlippingBook