Fannie Mae REO - Does buyer pay the buyers agent commissions?

Question

Hi all - I am putting in an offer for a Fannie Mae REO and I noticed my agent put in a clause saying the buyer pays 3% for the buyers agent commission. I was under the assumption that the seller allows pays for both buyer and seller agent commissions. Am I wrong? Thanks in advance.

Rob Riv · Answer

Thanks Mark, that what I thought. I'm not sure if he is just trying to get 6% or is just not aware. Would I have to stipulate in the contract that Fannie Mae will pay the 3% buyer commission?

Mark Ferguson · Answer

Fannie Mae will pay the listing agent and buyer agent commissions. Is he trying to get 6% for himself?

Fannie Mae REO - Does buyer pay the buyers agent commissions?

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