When you’re buying or selling property in Lake City, who pays the real estate commission?
How Real Estate Commissions Work
Real estate agents work for a real estate broker. The broker is the one who pays the real estate agents their commissions.
The total commission someone pays to the broker doesn’t always go to the agents. Sometimes the broker withholds a certain percentage of the transaction, and in other cases, the agents have to pay fees for the transaction.
Who Pays Real Estate Commissions – the Buyer or the Seller?
Generally, the seller pays the real estate commissions to both agents – the listing agent, who put the home on the market, and the buyer’s agent, who brought the buyers to the closing table.
However, sellers aren’t naturally obligated to pay both agents. It just tends to work out that way. As a buyer, you can hire a real estate agent without paying any money out of your pocket. The commissions for both sides are generally part of the seller’s closing costs, so all you’re paying for is the home and your own closing costs.
Buy or Sell Land in North Florida with Leonard Dicks Realty
If you’re thinking about buying or selling land in North Florida, contact Leonard Dicks Realty — your trusted local expert for rural, agricultural, and residential acreage. Leonard Dicks is the top real estate agent specializing in North Florida land, known for his deep knowledge of the area, hands-on experience, and dedication to helping clients achieve their property goals.
Explore some of the most popular searches below to find the perfect North Florida property:
- Land for Sale North Florida
- Small Farm for Sale in Florida
- Ranches for Sale in North Florida
- Land for Sale in North Central Florida
- North Florida Homes for Sale with Acreage
- 5 Acres of Land for Sale in Florida
- 100 Acres for Sale in Florida
- Waterfront Land for Sale Florida
- Ranch Homes for Sale in Florida
Whether you’re looking to invest, build, or relocate, Leonard Dicks Realty is here to guide you every step of the way.
