BUYER/SELLER TRANSACTION:

   When purchasing a home or selling a home, the commission is usually paid by the seller of the property. When a seller lists their property for sale with a real estate agent, they enter into a contract called a listing agreement. This type of agreement specifies the terms about the commission rate and how it will be split between the seller's agent (listing agent) and the buyer's agent (selling agent).

   The commission is usually calculated as a percentage of the final sale price of the property. It is customarily split between the listing agent and the selling agent, with each receiving a portion of the commission. The exact percentage and commission split can vary depending on the region and the agreement negotiated between the seller and their listing agent.

   When the property is sold, the seller's proceeds from the sale are typically used to pay off any outstanding mortgage or liens on the property. After deducting these expenses, the remaining amount is used to pay the commission to the real estate agents involved in the transaction.

   It's worth noting that there can be variations in commission arrangements, and in some cases, the buyer may contribute to the commission or pay their own separate fee to their buyer's agent. However, in the majority of real estate transactions, the seller is responsible for paying the commission.