Commissions are agreed upon between the listing broker (us) and the seller (you) at the time you sign the agreement. List and Save Real Estate is the listing broker and our fees are paid for in advance. At settlement, the closing agent or attorney will collect any commission owed to a buyer’s agent and disburse it according to the listing agreement. If there is not a buyer agent, then no commission will be due.
We will collect a small processing fee at closing that will be deducted from the buyer’s agent commission. This fee is not an additional fee to you. It is deducted directly from the buyer’s agent’s commission which you determine before listing your property. This is a compliance fee and is used to cover administrative, compliance, technology & document storage cost, and to employ and enforce any policies and procedures required to be compliant with State Laws & MLS rules.
** If there is no buyer’s agent, then you are not charged ANY commission at all!