Answers by Jaclyn Mayse

The way that I view it is this....sellers have closing costs yes, but buyers not only have to have downpayment, closing costs, and then adding the realtor commission fees on top - most can not do that. Lenders will not allow for buyers to add commission costs into closing costs on their loan, so the only other way would be to increase the purchase price, then get the sellers to do a seller concession for the closing costs, Sometimes this may push that buyer out of even being able to buy the house. It really is in the best interest of the seller because that way the buyer is also getting proper representation and this helps ensure for a smoother transaction and that the sale gets to the closing table. Also, as always, commission in negotiable between the list agent and the seller. It could also be viewed as a marketing cost. The end goal is that you have someone who wants to sell, quickly with limited hassle-a buyer wants to buy, we (both agents) facilitate the transaction and get paid for you. The buyer is paying for their realtor one way or another. Appraisals are also done with the consideration of the commission being part of the purchase price. How many buyers do you think will be putting offers on houses without this type of process? In my area, it will greatly reduce the number of buyers or cause them to buy properties that are much less in value. Hope this helps!!