Agent contacted me about selling, who pays the agent?

Agent contacted me about selling, who pays the agent?

Investor · Wheaton, IL · Member since 2013 · 77 posts · 17 votes

I own a four unit building in IL.  My building shares a parking lot with a building that is being purchased.  The agent of the purchaser of that building reached out to me, and asked if I would be interested in selling, which I am.  Would it be normal for the commission to be paid by me, or the buyer?  

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    10y

    Normally the seller, but it can be negotiated either way.  In the end, it all washes out....if the buyer pays, he's building it into his total purchase price anyway.  

  • Lender · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    10y

    Completely negotiable item...one way or the other...both parties are paying it.

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