Two weeks b4.Just bought a flat(second hand) fm. Cent $6.00M.I haven't pay any comission.Coz the seller is so tight & didn't reduce the price!
I so lucky.
I bought a flat for 3.1M, and asked for lowering comission up to 0.7% only, the agent said yes at once, so, I think the buyer need not pay 1% actually.
If the agent said no, just cancel it, he will beg you again.