Broker's Fees - Different Scenarios

1) If you are selling on your own it will then be up to you what you do with a buyers broker. They will pressure you that you have no choice but to pay them a fee for bringing their client, however you are not under any obligation and one would hope they have an agreement with the buyer that they will be taken care of. Most likely they will call first and then if you say no to a fee they will not even tell their client.

2) If you have signed an agreement with a broker then it is not your concern how they split, but I believe it is normally 50/50 to each brokerage. Either way you have signed an agreement stating what the percentage you will pay.

3) Same as 2 as your agreement with your broker would spell out what happens if there is only a sellers broker. What you stated after above is pretty normal and what i was told years ago when i sold.

there are really only two ways of looking at it..

FSBO=SOL BROKER, unless you (buyer) will sign a contract stating that you will rightly pay a % of purchase price for said brokerage firm that will do all that you ask of them. (let me know if you ever sell that bridge, too)

Look at it purely from the Seller POV: First, you (seller) have a $1m condo. it sells. you are paying the selling agent (brokerage firm) ___% of total purchase price. said brokerage firm has a separate contract with any/all co-operating brokers/agents from the community at large, stating __% for any co-broker.
2nd Option: the commission will be higher, 1% or slight more, with a buyer being represented by a buyers broker. there is usually a lower commission negotiated by the seller/sponsor, should they know how to do this. Seller/Sponsor states: "I will pay you a lower commission if you sell it on your own; if co-broke'd, I will add a point or two on, but you'll share that with the other firm." Said Brokerage firm says: "yeah, right, I want ___% either way, and it'll be determined by our firm/boss, in regards to the who, what and how much is co-broker'ed, if it even gets that chance to be co-brokered..

Good luck Buyers