When you are buying a house, the commission for the real estate agent is typically paid by the seller of the property, as part of the sale agreement. The commission is a percentage of the sale price of the home and is usually split between the listing agent (the agent representing the seller) and the buyer's agent (the agent representing the buyer). The standard commission rate is typically around 5-6% of the sale price, but it can vary depending on location and the specific terms of the agreement.
It's worth noting that, as a buyer, you are not typically responsible for paying your agent directly. However, in some cases, the buyer may be responsible for paying a small portion of the commission, for example, if the property is for sale by owner, in this case, the buyer's agent commission could be negotiated between the buyer and the agent.
It is important to know that as a buyer, you can choose to work with a buyer's agent or not. If you decide to work with a buyer's agent, it's important to find an agent you trust and who has experience in the area you are looking to buy in. And, it's also important to have a clear understanding of the agent's commission and their services before you begin working with them.
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