47+ Who Pays Real Estate Commission In Short Sale Pics
47+ Who Pays Real Estate Commission In Short Sale Pics. Typically, this fee is represented as a percentage of the sales price and is shared between the listing broker and the. The bank insists i put the house up for a short sale before they agree to allow me to deed it back in lieu of foreclosure.
Sellers pay real estate commissions, which typically total between 5% to 6% of the sale price. Todd explains exactly who pays the agents in most real estate transactions. Only a real estate broker can pay a real estate commission and sign a listing agreement with a seller.
How are real estate commissions paid?
In a short sale, the commission technically remains the responsibility of the seller, but the lender covers it with part of the sale proceeds. Real estate commissions are customarily charged for a real estate agent's services. So if a home sells for $300,000, the. This amount is paid to the listing agent, who then shares roughly half with the buyer's agent.