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Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 29045
Experience:  30 years of real estate practice experience.
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If a buyer doesn't have a agent should the sellers agent rep

Customer Question

If a buyer doesn't have a agent should the sellers agent rep both and get both commissions
Submitted: 7 days ago.
Category: Real Estate Law
Expert:  Loren replied 7 days ago.

Good afternoon. I am Loren, a licensed attorney, and I look forward to answering your question.

There are not two commissions. There is only one commission which stems from the listing agreement between the buyer and the broker. If there is no buyer's broker demanding a split then the seller's broker would get the commission as defined in the listing agreement.

Expert:  Loren replied 7 days ago.

Are you online with me?

Customer: replied 7 days ago.
In the listing agreement it states 2.5 % for each agent that's what made me think there were 2 commissions. It feels like my agent is pushing very hard to accept a deal that requires me to carry a second.
Expert:  Loren replied 7 days ago.

Is that defining what happens if there is a split? Does it provide for a total commission?

Expert:  Loren replied 7 days ago.

Are you still online with me?

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