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Updated almost 8 years ago, 02/08/2017
Who Pays Realtor Fees?
I was signing some paper work and I noticed a clause that basically stated that if the broker does not collect a 3% fee from the "seller" then the buyer is responsible for paying the difference up to 3%....
I've just never seen this before...i've only worked with a hand full of realtors though.
1) I thought that seller pays realtor fees normally...is this not the case for REOs/Foreclosures?
2) Is this a typical clause in most broker/buyer agreements?