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Updated over 6 years ago on . Most recent reply
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Commission charged to Buyer
I've purchased a number of homes for personal use, buy and hold, and fix and flips. I recently found an investment property online and reached out to the listing agent directly. They showed it to me and I made an offer. They added Seller paid closing costs of $2K. I settled on a price factoring in the seller paid closing costs. The day before closing they send me a closing statement with $2600 of Buyer Commission fees and explain it by saying well we negotiated the seller paying it for you. Who ever pays a commission as a Buyer? The seller is already paying them 6.5% in fees. Is this a new scam or is this not a legitimate brokerage I'm dealing with?