Personal Finance & Money Asked by tam tam on August 24, 2021
I am a self representing buyer, the property I am interested in purchasing located in Indiana USA, is under list contract. The seller has an agent for the property.
As I self represent myself and submit an offer with the required paper work : mortgage approval letter, purchase agreement and Earnest money, does the seller still pay 4 percent fees to his/her realtor since they have a listing contract?
does the seller still pay 4 percent fees to his/her realtor since they have a listing contract?
What happens between the seller and their agent depends on the terms of their contract. Unless they show you the contract you won't know if the rate is 4% or something else. They could have a contract that allows a discount if the seller finds the buyer, they could also have a contract that still charges the full amount if the buyer doesn't have an agent.
Correct answer by mhoran_psprep on August 24, 2021
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