Sometimes, houses are for sale AND rental. A seller may be looking to do a rent to own contract. They can also be in a situation where they will take either situation. It is not unusual to see a house listed both as rental and for sale in our MLS system.
The other, more sinister reason could be that the rental listing is a scam.
Emerald Estates Realty, Inc.
Palos Heights, IL 60463... more
Call it whatever you want: the Real Estate Agents' commissions will be coming out of the money that goes into the transaction regardless.
Even if it's legal where you are, deciding you "won't pay" the other party's Agent commission just means the other party will adjust their price/cost to compensate. See how that works?
Unless of course you know of a Real Estate Agent who is willing to provide their professional services (and expose themselves to liability) without receiving any pay. When was the last time you worked for free?... more
You are looking at two differing types of action. One is civil and applies to your residence. The other is criminal, on both parties, as income tax evasion or falsifying a return is against the law.
All that said. Find another place to live and surround yourself with good people.... more
It is typical in most residential transactions for the seller to pay both the listing agent AND the buyer's agent a commission. Usually the buyer doesn't pay his agent a commission in a traditional residential sale, although there are exceptions. As to fees, some buyer's realtors charge fees depending on the nature of the client and their needs. Time (and gasoline) is money, after all. This should all be discussed and agreed upon in writing beforehand.
If the buyer is paying the agent fees, it could be included in the closing costs, but some arrangements may not have a formal contractual closing. An example would be a buyer that is scoping out homes in multiple destinations with the intent to buy only one property from one agent (A buyer that is looking for a vacation home in Colorado, Wyoming, or Montana) In this case there are a minimum of 3 agents involved , but only one will get a sales commission. All three may establish a fee for showing the homes to compensate for their work in the event that they receive no sales commission.