who pays real estate agent when building a house in New Hampshire?
We are looking into building a house. The to-be-built house was listed on the real estate listing web site by an agency they hired. We found the house through our agent. If we do build this house, who would be responsible for paying the real estate agent fees. Would we pay our agent and they would pay theirs? Are we responsible for both or are they?
- LandlordLv 710 years agoFavorite Answer
No, you don't pay anything. There is a set commission and that is split by all involved agents. It is the same amount, no matter how many agents. You should not pay any agents anything, that is 100% the sellers bill and it is paid to them at closing. If there is no closing there is no pay, and your agent is fully aware of this.
- Anonymous10 years ago
If you had an agent that helped you find the property and negotiated upon your behalf, etc. then you pay the agent. Now if the property was listed on the local MLS then the seller pays both agents fees. normally a builder or developer has a on site sales person that gets a fee that they pay.
- Cheryl GLv 710 years ago
If your agent is acting as a "buyer's agent", you may be responsible for a flat fee (usually $250), but the seller always pays the real estate commission to any agent who is involved in the sale of his property.Source(s): Experience.
- schobergLv 43 years ago
Everybody will get paid through the Seller. Upon directory the estate to promote, the vendor is of the same opinion to pay the directory company a particular percent and the directory company determines how so much the promoting company gets for a sale. In every case, the company's Broker will examine what the is among the company and the Agent.
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- Anonymous10 years ago
The seller pays the real estate commission. It is split between the seller's agent (if any) and the buyer's agent.
- Genuine GuidanceLv 710 years ago
Buyers do not pay the fees when a house is sold
Now, the caveat to that is, the cost might be included in some way in your purchase price.
- linkus86Lv 710 years ago
The builder pays their agent and their agent splits their fee with your agent.Source(s): Realtor
- yahoooo!Lv 510 years ago
why do hire a real estate agent then you work on it? don't understand it...