Buyer’s Brokers

Categories: Brokers

A friend is looking to buy a place in Brooklyn and is wondering what the default rule is on buyer’s brokers. Does the buyer generally pay the 3%, in addition to the sales price, or does the seller take 6% out of the sales price and divvy it up amongst the brokers? She is getting contradictory advice from different people.

Thanks much.

By | 05/31/2007 10:12 AM