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Who pays realtor fees and commissions?

Who pays realtor fees and commissions?

Asked by Gabriel | Tampa, FL| 03-06-2023| 2,292 views|Finance & Legal Info|Updated 11 months ago

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Michael AtkinsonReal Estate Agent2 months ago

Gabriel, Realtor commissions are negotiable and there is no set rule that one side always pays them. Typically, the seller negotiates the listing agent’s fee, while the buyer negotiates their buyer agent’s fee. The seller can agree to pay some or all of the buyer agent’s compensation as part of the transaction, but it depends on the agreements and negotiations between the parties.

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Zoltan PeresztegiReal Estate Agent3 months ago

Gabriel, the short answer: the seller traditionally pays the total commission out of their proceeds at closing, and it is then split between the listing side and the buyer's side. But the 2024 industry changes made this more of a negotiation than an automatic. Here is the current reality (2026): - The seller pays their own listing agent per their listing agreement. That part has not changed. - The buyer's agent fee is now negotiated separately. Buyers sign a written buyer-broker agreement that spells out their agent's fee, and the seller may or may not agree to cover it. - If the seller does cover the buyer's side, it shows up as a concession negotiated in the purchase contract, not as an advertised MLS number anymore. So on most deals the seller still effectively pays both sides, because offering to cover the buyer's agent keeps the buyer pool wide. But nothing about it is fixed, and every piece is negotiable. If you are buying, ask your agent exactly how they get paid and who is expected to cover it before you tour homes. No surprises later. I am a real estate professional in the South Bay of Los Angeles, so I am not local to Tampa, but I can connect you with a vetted Florida agent to walk you through it. Just reach out. Zoltan

Juan PicosReal Estate Agent4 months ago

Traditionally, the seller has paid the real estate commission from the proceeds of the home sale. However, recent industry changes have made commissions more negotiable, and how agents are compensated is now determined by the agreements between the parties. For sellers, the listing agreement outlines what they will pay their listing agent. For buyers, the buyer representation agreement explains how their agent will be compensated. In some transactions, a seller may still choose to offer compensation to the buyer's agent as part of the negotiation, but it is no longer assumed or required. The most important thing is to discuss compensation with your Realtor before you begin buying or selling so you understand exactly how it works and what to expect. **Juan Picos** REALTOR® | JohnHart Real Estate Serving Burbank, Glendale & Greater Los Angeles

Loodmy JacquesReal Estate Agent6 months ago

It depends on the deal. Traditionally, the seller often paid the listing side, and sometimes offered compensation to the buyer’s agent too. Today, buyers and sellers can negotiate this in different ways. The buyer may pay their agent directly, the seller may help cover it, or it may be negotiated as part of the contract. Simple way to think about it. There’s no one rule anymore. It’s whatever the parties agree to in the deal.

Keith Jean PierreReal Estate Agent6 months ago

Traditionally, home sellers pay the total commission for both the listing agent and the buyer’s agent. Following the August 2024 settlement, buyers are asked to directly pay their own agent, though sellers can still choose, and often, still pay buyer agent fees through negotiations. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Kevin NeelyReal Estate Agent6 months ago

Post-NAR settlement (August 2024), the rules changed. Both sides now negotiate commission openly, and the seller is no longer required to pay the buyer's agent. How it typically works in Florida today: sellers still pay their listing agent a commission negotiated in the listing agreement, often 2.5 to 3 percent. The seller can choose to offer the buyer's agent commission as a concession (handled outside the MLS now), or the buyer pays their own agent directly based on a signed buyer-broker agreement. Concessions are still common in slower markets, less common in hot ones. Practical buyer side: before touring homes, buyers now sign a buyer-broker agreement spelling out what they'll pay their agent if the seller doesn't cover it. Rates vary, usually 2 to 3 percent. Every deal is different. A good agent walks you through what's on the table in the listing agreement or offer so you know before you commit. -- Kevin Neely & Kaitlynd Robbins | K2 Sells, Keller Williams Elite Partners

Kevin NeelyReal Estate Agent6 months ago

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Cassidy McWherterReal Estate Agent8 months ago

Traditionally, the seller pays the real estate commission, and that commission is then split between the listing agent and the buyer’s agent. However, commissions are always negotiable and can vary depending on the agreement between the seller and the listing brokerage. In some cases: • Sellers may offer compensation to a buyer’s agent • Buyers may negotiate different representation structures • Commission structures may vary based on local market practices The important thing to know is that compensation is agreed upon upfront in the listing agreement — it’s not a fixed government rate. If you're buying or selling in Tampa, I’m happy to explain what’s typical in that market so you know exactly what to expect.

Carmen GonzalezReal Estate Agent8 months ago
Novice7 Answers

In Florida, real estate commissions are negotiable. Sellers typically pay both listing and buyer’s agent fees from the sale proceeds. Starting August 2024, buyers may be responsible for their agent’s fee, which must be negotiated upfront.

Chris YochumReal Estate Agent3 years ago

Generally when a home is listed with a Broker the seller will pay for realtor fees/commissions.

Jim CrawfordReal Estate Agent3 years ago
Rising Star17 Answers

Typically the Seller pays the commissions, but all commissions are negotiable.

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