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Barbaraq Tomlinson
10 months ago
I would like to know if the buyer or seller is responsible for broker/agent commission fees.
 
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Best Expert Answer
Bruce Reichstein... Answered 88 more questions
9 months ago
The Real Estate commission is paid from the proceeds of the sale of the home. In most cases, the Seller pays the commission.
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Joe Wallace... Answered 279 more questions
10 months ago
That may depend on state law, and it may depend on what the seller and buyer negotiate in the transaction. In cases where state law is involved, HUD 4000.1 states: "If a Borrower is represented by a real estate agent and must pay any fee directly to the agent, that expense must be included in the total of the Borrower’s settlement requirements." Also, where applicable, "Payment of real estate agent commissions or fees, typically paid by the seller under local or state law, or local custom, is not considered an Interested Party Contribution" for the "six percent rule".
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Emily Taylor
a month ago
I have money for the down payment on a house. My question is can the closing costs and attorney fees be added to the loan amount?
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A Curious User
2 years ago
I found a house that I want to buy and the seller will not pay my agent's commission. I'm not able to pay the seller's asking price if I have to also take care of the commision. Any advice on whether I should try to negotiate the sale on my own?
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A Curious User
2 years ago
We're buying our first home and don't really want to pay anyone just yet. We've been driving around on the weekends and stopping at open houses while we decide whether we want to buy a house or keep renting.
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My house in Houston, Texas recently flooded and we are in what was declared a FEMA disaster area. I received a letter from the City of Houston stating that my house was considered substantially damaged. Since we're located inside the 100 year flood plain we can't get a building permit without either jacking up the house or rebuilding 12 inches above the base flood elevation. We have a very low interest rate on our 15 year mortgage and would like to keep that in place.
My house in Houston, Texas recently flooded and we are in what was declared a FEMA disaster area. I received a letter from the City of Houston stating that my house was considered substantially damaged. Since we're located inside the 100 year... (more)
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A Curious User
2 years ago
I am a retired veteran and found a single family home that I'd like to buy using my eligibility. The listing agent told me that the property for sale sits on 12 acres of land. I have been informed that the VA guidelines would allow me to do this with VA financing. Does anyone know for sure if this is allowed?
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