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Buying or Selling a Home/Realtor's commission
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Question
I am buying a home from someone who does not have a realtor. I am using a realtor. What is my realtor's commission. The home is in Louisville, Ky.
Commission is negotiable. If you have a Realtor, then you should have signed a Buyer's Brokerage Engagement that spells out how much commission the Agent is owed. Also, you owe that commission to the Agent, not the seller who is under no agreement with the Agent.
However, during the process of negotiating the purchase, you can insert stipulations that the Agent's commission be paid for out of Seller proceeds, or by the buyer.
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Buying or Selling a Home
Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Levi Brooks
Expertise
I am a licensed Real Estate Salesperson in the state of Georgia.
I can give detailed answers to questions regarding real estate transactions in Georgia.
I can answer general questions regarding the home buying or home selling process in other states.
I am not a licensed attorney, so I cannot and will not answer any questions that require legal advice or an attorney-client relationship.
Experience
I am a licensed Real Estate Salesperson in the State of Georgia.
I am a member of the Georgia Association of REALTORS(R) and the National Association of REALTORS(R).
Organizations
NAR, GAR, and local boards.
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