Do I Have to Pay a Buyer’s Agent Commission?

No, sellers are not required to do anything, let alone pay commission to a buyer’s agent. However, if sellers wish to list their home in the MLS, then they will need to work with a listing agent who will be required to offer some form of compensation to buy side agents in the MLS.

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How Is a Buyer’s Agent Paid?

A buyer’s agent is paid by the seller

Do Real Estate Agents Split Commission? [2019] | Hauseit®

Why can’t buyers pay for their own agent?

Can a Seller Refuse to Pay Buyers Agents

Can I Sell an Apartment in NYC Without a Broker? [2019] | Hauseit®

Negative Effects of Offering Low Commission on a Home Sale

Buyers’ agents won’t show your listing

Buyers’ agents will talk up the negative aspects of your home

Raising the commission later won’t help

Lowering Home Price vs Increasing Broker Commission in NYC (2019) | Hauseit®

Why Listing Agents Don’t Offer Less Commission

Because they know you won’t be able to sell

Do I Have to Pay a Buyer’s Agent Commission? | Hauseit®

Because it harms their reputation

What Happens If the Seller Refuses to Pay Commission

What Is the REBNY RLS Listing Service in NYC? [2019] | Hauseit®

Who decides the amount of commission to offer to buyers’ agents?

Rules will vary depending on the MLS exchange.

So how is the exact co-broke amount agreed upon?

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