How Is Commission Split Between Buyer's And Seller's Realtors ...

Q: Hi. My mother-in-law is in contract with in my opinion the worst Realtor imaginable and I feel she is being dishonest with her. Her house is on the market now and she is possibly in the midst of selling to a couple but my question is if her rRaltor is signed for 3% commission does that account for the buyer?s Realtor commission as well? Is the 3% split between the two of them or does my mother-in-law have to pay them both accordingly? Please let me know, I would appreciate any help you could give me.
?Sara, Miami, FL

A: Hi. The listing agreement will indicate the full commission which would address both the seller and the buyer. If she does not have a copy she should. If she is having a problem with the realtor, you should address it. Selling can be very stressful and you need a good relationship with your agent.
Jody Finucan is a Realtor? at Howard Hanna Real Estate Services in Mentor, OH

A: Is 3% the total on her contract? Most contracts give a total and say how it will be split. Make sure and check.
Franne Schwarb is a Realtor? with Charleston Fine Homes in Charleston, SC.

A: Dear Miami, Please take a look at your Mother?s-in-law listing agreement(contract) with the listing Broker. You should have fees addressed there.

While in this Mississippi market you will find 6% is the typical list fee?three percent or half of that pays the Buyer?s Agent fee. If the Buyer does not have an agent ?dual agency law would allow your agent to recieve both fees(total of 6%).

Your Mother?s- in-law Broker will typically be glad to conference call with you and discuss areas of representation. Your open discussion benefits all parties regarding disclosure. Especially, your Mother?s-in-law with regards to do the right thing ethically and legally.
Larry Simons is a Realtor? with Century 21 Maselle & Associates in Flowood, MS

A: The Listing Agreement that your mother signed prior to listing her house should have the answer to your question. There should be a ?net commission? listed on there. Further, it should show how that net commission should be divided between brokers. It is hard to imagine that the agents would be spliting the 3%. That would be only 1.5% per side. The answer is in the contract and your mother should have been supplied a copy of her listing agreement. If she wasn?t, please request this immediately.
Melanie Atkinson is a Realtor? with Coldwell Banker Residential Real Estate in Tampa, FL.

A: Hi, you will need to look at the listing agreement your mother did with the realtor to see how much is do.. In the listing agreement it will say how much is to be paid.. Most likely it is 6% paid between the selling and listing agent.. Which will be 3% to the buyers agent paid by the seller and 3% to the listing agent paid by the seller. If you would like to speak to me and explain in more detail feel free to contact me.
Stephanie Leon is a Realtor? with Avanti Way Realty in Miami, FL.

A: A 3% real estate comission rate sounds low. Check your mother?s listing agreement. It should spell out exactly what costs she is liable for in the event of a sale. It is likely that the listing agreement carries a 6% comission that will be split between the buyer?s agent and your mother?s listing agent.

Yes, as the seller, you mother will likely be liable for the total comission which is paid through escrow and paid out according to the terms of the listing agreement .
Lee Dworshak is a Realtor? with Keller Williams LA Harbor Realty in Rancho Palos Verdes, CA.

A: I can only speak for the policy in NJ. In NJ when a seller signs a listing agreement the commission is spelled out. In other words if we agree to a 6% commission it will then show how much of the 6% is being paid to the buyer?s agent.
Maria Picardi-Kenyon is a Realtor? with Re/Max Tri County Realtors in Hamilton, NJ

A: Typically, the commission is split. The contract she signed should spell this out and the Realtor should have given you a copy of that. Regardless, you are under no obligation to pay the buyer?s agent. Unless your contract specifically state that you are, which is highly unlikely.
Michelle J Lane is a Realtor? with Century 21 Commonwealth in Wellesley, MA.

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Source: http://www.realtor.com/blogs/2011/09/15/how-is-commission-split-between-buyers-and-sellers-realtors/

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