If your "friend" is acting as a buyer's agent, that customarily means the BUYER pays his commission. Did you sign a buyer's agent agreement with your pal? If so, it should have specified what his commission is and who pays it.
Now, if you didn't sign an agreement with your buddy, you're fully within your rights to stiff your buddy. Just don't expect the seller to pay him a commission. And if the seller DOES agree to pay him, he is now working for the SELLER and no longer needs to put YOUR interests ahead of the seller's interest.
As for the other costs, those are all negotiable and tend to vary a bit by locality. I suggest you sign a buyer's agreement with your friend, with the expectation that he takes care of your interests in the transaction. If he's knowledgeable and honest, the 2 or 3 percent you pay him will be money well spent.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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