Hi Everyone —
I am new here and starting my due diligence for the GV program. How many estate agents are involved in a transaction?
From what I’ve read so far, it seems that there is only one single agent representing the sell-side. The buy-side is represented by their own attorney. The commission (5% - 10%) comes out of the sell-side but is usually baked in the asking price.
Is the above accurate? In the US, there are usually 2 agents on a transaction and they split a 6% commission.
Thanks for your help!