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Buying real estate Options
Helenej
Posted: Saturday, February 10, 2018 8:33:50 AM

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Location: Kiev, Kyiv City, Ukraine
If a person buys an apartment/a house from another person in your country, who pays the realtor?
jacobusmaximus
Posted: Saturday, February 10, 2018 3:36:10 PM

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Location: Glasgow, Scotland, United Kingdom
Helenej wrote:
If a person buys an apartment/a house from another person in your country, who pays the realtor?


In the UK a Realtor is called an Estate Agent. The seller pays the Estate Agent. Both Seller and Buyer pay legal fees to their respective solicitors.

I remember, therefore I am.
Wilmar (USA)
Posted: Saturday, February 10, 2018 4:04:39 PM

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Location: Vinton, Iowa, United States
In the US, the seller pays the real estate agent.

And you should also know that the term realtor is not generic.
Realtor = A service mark used for a real-estate agent affiliated with the National Association of Realtors.
Alexsander
Posted: Saturday, February 10, 2018 5:38:10 PM

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Location: Thunder Bay, Ontario, Canada
In Canada you have to pay up front.
Helenej
Posted: Saturday, February 17, 2018 2:06:47 PM

Rank: Advanced Member

Joined: 9/24/2013
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Location: Kiev, Kyiv City, Ukraine
Thank you for the replies.
I also wonder if an apartment or a house can be sold without a real estate agent's help.
Romany
Posted: Sunday, February 18, 2018 6:33:21 AM
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Joined: 6/14/2009
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Location: Brighton, England, United Kingdom

Yes it can. Many people make private sales to avoid having to pay the rather hefty fees charged by estate agents.

However, if contemplating doing this, a person would have to be well-versed in the laws and constraints that apply. With no experience in this very thorny subject it's very easy to tie oneself up in knots, and for contracts to be invalid.

A buyer would have to run it all by a solicitor in any case, to be sure everything was done correctly. So in this case, while the seller won't pay any fees, the buyer will have to fork out for solicitor's fees - which could be very heavy if the Contract is faulty and has to be revised and negotiated.
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