Can Real Estate Agents Give Commission to The Buyer?

Chris at Hauseit (https://www.hauseit.com) goes over whether real estate agents can give commission to the buyer in a purchase transaction. Is it legal or allowed?

Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.
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Can real estate agents give commission to the buyer? Yes, in fact real estate agents can give commission to either the buyer or the seller. Oftentimes, this is done in the midst of negotiations, perhaps there's a slight gap in price which brokers on either side might decide to reduce some of their commission in order to cover that gap in price between the buyer's offer and the seller's asking price. Oftentimes, this will be done at closing by changing the flow of funds on the closing statement, thus reducing the buyer agent's or the seller's agent's commission and crediting it towards either the buyer or the seller. In the case of a buyer closing credit which you can receive through one of Hauseit's partner brokers, the buyer's broker could give the buyer a percentage of his or her commission post-closing.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.

Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: [email protected]
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