The short version
At auction, sellers pay no commission. The commission is paid by the buyer through what’s called the buyer’s premium. The seller handles standard closing costs.
What is a buyer’s premium?
A buyer’s premium is an amount added to the winning bid that the buyer pays. It’s part of how the sale is paid for, and buyers know about it before they bid.
What about agents and listings?
If you already have a listing agent, Auction Ohio’s Agent Partner Program lets the agent keep their full commission at closing, with no cut and no referral split, while sellers still pay no commission. If you’re an agent, see the Agent Partners page.
I’ll show you every number
Every sale is a little different, so I go over every cost with you before you decide anything. Call or text me and we’ll run through it for your property.
— Jake Goist, Auctioneer/Realtor®, Auction Ohio Real Estate. Ohio License #2024000051. This guide is general information, not legal or tax advice.