Is it legal for real estate agents to pay for buyer's closing cost ?

can buyer's closing cost/downpayment deducted from real estate agent's commission ?

6 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Not in CA, I do not know about other states.

    I think the lender might have a problem with a buyer unable to afford to handle their own transactions.

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  • 1 decade ago

    It is not allowed in most states. That being said, it would be rather stupid for an agent to agree to such a request, given that closing costs would wipe out most or all of the commission earned. I'd never agree to such a request, even if it were legal in my state.

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  • 1 decade ago

    not legal in my state at all. In fact I had to credit to the borrower and the agent wanted to but the title company would not allow it. I lost and the agent made out

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  • ?
    Lv 7
    1 decade ago

    I have heard of this being done a number of times over the last year so presumably it is legal.

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  • 1 decade ago

    Only if it is disclosed to all parties involved in the transaction. Stupid, but doable.

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  • ?
    Lv 7
    1 decade ago

    No.

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