In most cases, homebuyers do not have to pay a realtor directly. Typically, the commission paid to the real estate agents involved in the transaction is paid by the seller from the proceeds of the sale. This commission is typically split between the seller's agent and the buyer's agent.
When a seller lists their home with a real estate agent, they agree to pay a commission to the listing agent, typically around 5-6% of the sale price of the home. This commission is split between the listing agent and the buyer's agent, typically 2.5-3% each.
So, as a homebuyer, you generally do not have to pay your realtor directly. However, it's important to keep in mind that the commission paid by the seller may be factored into the sale price of the home, which could impact the amount you ultimately pay for the property.
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