The seller pays for it and the split is not always 50/50. Having an experienced negotiator to get you the best price and terms on the contract is critical. You always want to be represented by a buyers agent because it is free to you, the only thing that will happen if you do not get one is the listing agent will get the full commission instead of splliting it with the buyers agent and you will get no representation.

Answer

It's important for the public to understand not just how the commission is paid, but more importantly, how it is earned. The benefit received is third party representation. Beyond originating the transaction, the Realtor's professional obligation is to represent the interests of the buyer or seller client. From the initial negotiations, through the financing and inspection phases, it is the the agent's job to guide the transaction along, to protect their client's interest, and take them out of the transaction should it prove not to be in their best interest.

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