The vast majority of the sales Steve has closed in the last 30 years have been Multiple Listed Properties. When the Seller signs a listing contract with the listing Broker the compensation to be paid to the brokerage firm is specified in the listing contract.
When the property is listed in the Multiple Listings there is a cooperating share broker offered to a cooperating Broker. The cooperating share Broker is paid out of the listing Broker’s commission specified in the listing contract. There is no commission paid to the Buyer’s Broker (Steve) by the buyer. (Steve is free)
In the event of a property not being in the MLS, Steve requires the Buyer to sign a Buyer Rep Agreement. This agreement will specify the compensation due to Steve. In the course of the negotiation of the transaction the seller may agree to pay the commission or a portion of the commission. If the commission is less than the compensation in the Buyer Rep Agreement, the Buyer would pay the difference.