Do you pay a real estate agent out of pocket ? 🏡

Question

Answer

The seller pays commission - normally it comes out of the profits of the house sale. If you were to lose money on the sale (owed more than you got) I would assume you’d pay out of pocket

Answer

Depends on if you're the buyer or the seller.
If you're the seller you'll pay your realtor at closing so it will come off the top of the money you get when you sell.
If you're the buyer, in most states you dont pay your realtor. The listing agent will split their commission with the buying agent.  But that can be different state to state. I used to be a real estate agent in New York and I bought a home in new jersey.

Answer

I mean, it depends.  It usually is rolled into closing costs, but either you or the party selling/buying has to pay them so it will depend on the agreement in your contract

Do you pay a real estate agent out of pocket ? 🏡

Let's Glow!

The Top Baby Tracker App: Embrace New Beginnings with Tender Care

The Top Fertility Tracker App: Your Path to Achieving Pregnancy

The Top Pregnancy App: Nurturing Your Journey to Motherhood

The Top Period Tracker for Empowering Your Menstrual Health Journey