Broker's bounty: who pays the piper? A) Buyer bears it all? Unlikely tune. B) Seller sways to commission's beat, most common step. C) Splitting the music? Can be arranged, but rare. D) Broker buys the band? Off-key melody. B it is!
The most likely answer depends on the specific terms of the buyer broker contract and local real estate regulations. However, here's a breakdown of each option:
A) The buyer is responsible for paying the entire commission. This is not commonly practiced in typical buyer broker contracts. Generally, the seller pays the commission.
B) The seller is responsible for paying the entire commission. This is the most common scenario in buyer broker contracts. The broker represents the buyer and gets compensated by the seller through the commission included in the sale price.
C) The commission is split between the buyer and the seller. This can happen in some situations, but it's less common than the seller paying the entire commission. The specific split would be outlined in the contract.
D) The commission is paid by the broker and not the buyer or seller. This is highly unlikely and would be unusual unless there is a specific agreement between the broker and both parties.
Therefore, the most likely answer is B) The seller is responsible for paying the entire commission. However, it's crucial to thoroughly read and understand the specific terms of the buyer broker contract to be sure.