buying a house in nj, agent and tax in pay question

[armx]

Geohappy:

You have a choice of having your own realtor whom you pay commission, it does not have to come from the seller. Most of the time buyers are not in a position to have that money come out of their pocket at the settlement, so they actually finance it thru their mortgage, indirectly. That is why it appears as if the seller is paying the commission

[Sergio M]

Originally Posted by armx

Geohappy:

You have a choice of having your own realtor whom you pay commission, it does not have to come from the seller. Most of the time buyers are not in a position to have that money come out of their pocket at the settlement, so they actually finance it thru their mortgage, indirectly. That is why it appears as if the seller is paying the commission

Nice twist!

[manderly6]

Originally Posted by geohappy

Loss? compare to the purchase price they paid maybe few years ago? what does it have to do with my transaction? My transaction is only about money changing hands(banks) at the closing. I am paying, seller is receiving, all other hard working folks getting their commission, taxes, fees etc

Not sure what you don't get about this. Lets say someone sells their house for exactly what they still owe on the mortgage. Guess where the money is going to come from for the commission. It isn't coming from the buyer.