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Interesting question.. so what's the answer? And please don't try to read anything into it.
Q.) "Under normal circumstances (unless it's specifically written into the contract otherwise), who typically pays the R/E commission on the sale of that transaction?" Hmmmm
I've heard different answers to that question, some quite complicated.. some quite simple.
Typically, here, the seller pays the listing agent (their agent) a percentage of the sales price as a commission, and the listing agent offers a portion of that to the buyer's agent to bring the buyer and handle the buyer's side of the deal.
What the Texas horse lady says is true, but there are circumstances where the buyer might be on the hook for it. If a buyers agent shows you a house and you then go behind their back and use another buyers agent to purchase the home you may owe that first agent payment out of your own pocket. It depends on the buyers agreement you may have signed. Some agents don't use them.
What THL said is true under normal circumstances. As Nocontengencies indicated, there are may be extenuating circumstances, which get into the more complicated area.
That's part of the "go more into it" that I was trying to avoid in the interests of simplicity. Then there's FSBO's and other things that complicate the issue.
Or are you getting in the philosophical discussion of whether or not the buyer always pays regardless if the seller offers the commission or not (since the funds come from the buyer's financing)?
Pro tip: Read before you sign... if you're feeling pressured and unsure, take it home and review it without some person standing over you with a pen in your face.
Pro tip: Read before you sign... if you're feeling pressured and unsure, take it home and review it without some person standing over you with a pen in your face.
Good tip, but I don't understand what it has to do with the topic.
Or are you getting in the philosophical discussion of whether or not the buyer always pays regardless if the seller offers the commission or not (since the funds come from the buyer's financing)?
And obviously that doesn't work if the funds coming from the buyer don't even cover the mortgage.
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Then there's FSBO's and other things that complicate the issue.
