As a standard the brokerage fee is paid by the buyer. However, in today's market everything is negotiable and in many cases the brokerage fee can be paid by whichever party receives the realty service. So in other words, if the seller puts up a property and the realtor finds the buyer, in most such cases the seller will pay the brokerage fee. The percentages of fees vary from 1.5% to 5% typically, with standard being around 3%-4%. As a standard the buyer pays for all other related costs such as notary fees, but again there are cases when the seller does this when the realtor provides them with related services. If you use UA Realty Group as your representative, we will do our absolutely best to protect your interests during the pre sale negotiations and make sure that your transaction goes smoothly with no potential issues relating to legal liens, or other unforeseen problems.
* Please note, sometimes the price of the apartment may be significantly lower than the market price and in cases like this there might be additional fees (like the owner's representative brokerage fee etc) involved.