09/15/10 Who pays for what?

In Wisconsin, the seller of the property pays! Buyers, listen up!

The costs of selling a listed property, including title update, transfer tax, and commission, are paid for by the seller.

The asking price is based on recently sold prices of similar properties in the area. The contractual commission that only the seller pays is factored into the selling price and is divided between the brokers of the real estate companies and the Realtors® involved in the transaction. The buyer pays no commission.
The buyer does pay the costs of obtaining a mortgage from a lender, or for any optional inspections or testing at the property.

In the different case of a “Buyer Agency” agreement, a buyer opts to sign a contract with an agent who is required to act in the buyer’s interest.