No commission real estate virginia, a primer
This amount is a pre agreed percentage of the property's selling price, and is shared by the listing broker and the real estate agent who closed the deal. In a sense, it can be said that it is actually the buyer who pays the real estate commission. This is because the real estate commission is typically figured in with the sales price. If the seller does not agree to pay the real estate commission, the sales price would probably be significantly lower. Because the real estate commission is already included in the selling price, buying through a broker will likely cost you more than if bought the same property directly.