A friend and I built a house 4 years ago as an investment property. He now wants to be bought out which I am willing to do. There is a total of $7,000 debt in the house. He has agreed to pay his half to me. I have heard, that even though we are not going through a real estate agent, he is still responsible to pay me what would be his half of the fees. Is this true? This does make sense due to the possible scenario that I could sell the house shortly after he moves out if I find that the financial burden is too much.