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Pedsgurl
Lv 7
Pedsgurl asked in Business & FinanceRenting & Real Estate · 1 decade ago

Buying a foreclosed on home...who pays the realtor?

Hey Guys--

We are buying a bank owned property and are under the impression that the seller ( the bank) is responsible for the paying the buyers agent. Is this true?

Thanks in advance!

4 Answers

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  • David Beasley
    Lv 4
    1 decade ago
    Favourite answer

    The seller ALWAYS pays the realtor. A buyer NEVER pays their realtor.

    Get qualified first (paystubs/W-2/bank statements/credit cleanup)! Your realtor will need an LSR (preferrably with an AU approval) which tells a seller that you CAN get financing and CLOSE the purchase.

    Best of luck!

    Source(s): Mortgage professional.
  • Anonymous
    5 years ago

    till the home is indexed how do you be responsive to what Realtor will record it? whether that's not indexed the Realtor can not coach it. I unquestionably have refused itemizing myself via fact i'm uncomfortable coping with a assets. that's regularly for somewhat some motives, perhaps there's a controversy with the domicile and the Realtor would not choose his call related to it. touch the broking service of that Remax and ask them.

  • Anonymous
    1 decade ago

    They pay them, but it is usually a short commission, closer to 2% then 3.

  • golferwhoworks
    Lv 7
    1 decade ago

    yes unless otherwise stated in the acceptance--read it carefully

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