PAYING THE COMMISSION ITSELF
The overall commission is paid for at the settlement period. The fee is taken from the proceeds of the sale of the home or the property if the seller has agreed. If the seller has not agreed to pay the buyer's agent commission, the buyer will have to pay them directly at settlement (a.k.a. closing). From there, the commission is then divided during the settlement process between the buyer’s agent brokerage and the listing agent’s brokerage. Afterward, the agents who made the real estate sale are further paid by their brokers.
17
Powered by FlippingBook