FAQ 5: Who pays your fee?

By
Real Estate Agent with The Durango Home Team at Keller Williams Southwest Associates IA 100045079

A Real Estate agent can be paid a fee for services by either the buyer or the seller.

 

It is determined by your Buyer Broker representation form and Information About Brokerage Services.

 

This is a form that you should be presented with at the beginning if your relationship.

 

In many cases the seller pays the fees of both the listing and selling agents.

 

If you want to assure that your agent is working only for you it may be that you will want to work out an agreement where you agree to pay the agent yourself.

 

It is very important that everyone involved with the transaction knows who is paying the fees.

 

Communication is always key to a happy successful transaction.

Posted by

KW image 

Ralph and Jeanne Janisch

Keller Williams Realty Southwest Associates

700 Main Avenue

Durango, CO 81301

O: 970-375-3252

P: (970) 759-1007

P: (970) 759-0027

 E: ralph@durangohometeam.com

W:  www.durangocoloradohometeam.com

 W: www.durangohometeam.com

Durango, Mancos, Bayfield, Ignacio, Vallecito

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Rainmaker
966,681
Edward & Celia Maddox
We Take The High Road
Solutions Real Estate

You are right, I always prepare a cost estimate for either buyer or seller when offer is prepared, so they have no surprises at escrow signing.

June 01, 2012 07:16 AM
Rainmaker
624,175
Wayne and Jean Marie Zuhl
The Last Names You'll Ever Need in Real Estate
Hallmark Realtors

I find that many buyers (and sellers) are confused by this topic - good post!

June 01, 2012 08:33 AM
Rainmaker
593,326
Richard & Beth Witt
Broker/Owner RE/MAX Wittney Estates Long Island NY
RE/MAX Wittney Estates 516-795-6900 www.longislandrealestatesearch.com

I like to change that question to "Who writes the check"... because the money always comes from the buyer.. doesn't it???  Good post... Happy Day Guys

June 01, 2012 12:16 PM
Anonymous
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Rainmaker
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Jeanne & Ralph Janisch ABR CRS Brokers

Selling Durango CO homes to good people like you!
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