When did realtors start working for the purchaser, they earn a commission on the sale paid by the seller. If a agent brings me to a house listed by another agent and I decide to buy, it is up to the agents to determine how the commission will be split. I have bought 8 houses in 7 major citys, never has a agent expected anything from me other than show up to look at the property.
How have you bought 8 houses in 7 major cities and still remain clueless about the process? I am primarily a buyer's agent. My client is the purchaser. The commission is already decided upon by the seller and the agents do nothing about commission except agree to the terms or not, bring them a buyer or not. I am paid my commission by the seller for bringing him/her a qualified, solvent buyer. The amount of due diligence, paperwork,disclosures, and putting out fires involved in a sale is much more of an intricate process today than years past.
ETA: When approaching a For Sale By Owner house, before I will bring them a golden buyer, the seller must sign a one client listing agreement and a commission agreement or else I tell my buyer they don't want to work with me, but they are entitled to pursue it on their own. I will help them gladly with paperwork for a reduced commission or agreed upon retainer, but that seldom happens in my experience.
This post was edited on 3/25 at 7:11 pm