Agent Fees in Denver - Split 50/50 seller/buyer?

[Lauren Hogan]

Two questions: 

The first is that I've heard that buyers will pay the agent closing fee? Is this common, a result of a competitive market, or a rumor? 

The second is, when you submit an offer, where would you find the % paid out to agents upon closing & who is responsible for it? 

[Phillip Bicker]

Very seldom would you see a Buyer paying the Realtor fees directly at closing - I would say rumor.

Most often, the commission is a listing fee that the listing brokerage is splitting with the brokerage of the Buyer's agent. In other words most sellers in Denver are still paying for both sides.

If the property is listed on the MLS, you can ask the Broker that is representing you to show you the fee offered by the listing agent on the MLS. It will not be listed on the contract if the Buyer's agent is accepting the amount on the MLS. However, the commission can also be negotiated with the offer assuming that you allowed them to do so with your Buyer's agreement you initially signed - if negotiated to be different from what is stated in the MLS listing it should be in paragraph 30 of the contract to buy and sell (the offer). If you need/want more info on this feel free to PM me.