Listing Details: Jerome, Hagerman and Twin Falls, Idaho Real Estate Listings & Homes For Sale Provided by BJ Ross

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Commercial Overlay

$375,000

Address: 5515 US Highway 93	City/ST: Jerome, ID	Zip Code: 83338
Property Type: Retail	New or Resale: Resale	Square Footage: 4791
MLS# 98423170

2 shops (one new 45X72) on 2.2 acres in Highway 93 between Twin Falls and Sun Valley (Commercial Overlay)

Last Updated: 1/8/2010 4:42:28 PM

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Agency >Who Pays the Commission

Does it cost the homebuyer more to be represented by a buyer's agent who serves their interests exclusively? No, because the listing agent splits the sales commission, which is customarily paid by the seller of the home, with the buyer's agent. The sales commission split is usually 50-50, but the listing agent and buyer's agent will sometimes make another agreement and split the commission unequally.

There is one very unusual circumstance in which the homebuyer might pay a commission to their buyer's agent. The real estate agent might show the buyer a local "for sale by owner" (FSBO) home which the client decides to purchase. In most cases, the FSBO seller who is presented with a qualified buyer is glad to pay the buyer's agent a reduced fee of about 3 percent, or half of a normal sales commission. But the FSBO seller could stubbornly refuse to pay the buyer's agent any commission whatsoever. In that case, the buyer's agent would legitimately expect the buyer to pay the sales commission, in fair exchange for the agent finding the FSBO home and negotiating a successful transaction.

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Q	Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
A	The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.
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BJ Ross, REALTOR�, real estate agent and broker for Jerome, Hagerman and Twin Falls, Idaho home listings, property and land for sale - NUMBER1EXPERT

BJ Ross
Canyonside Irwin Realty
700 S. Lincoin
Jerome, ID 83338
208-539-0795
Fax: 208-324-3363
bjross@NUMBER1EXPERT.com

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