Tony and Suzanne Marriott, Associate Brokers The same party who pays the Intermediary, the closing costs and the agents. The Seller. Just because there are no proceeds (boot) of the sale, doesn't mean the parties involved in the transactions don't get paid.

it doesn't matter who pays as long as it is identified in the contract

Commissions are paid based on the written agreements with the agents.

Good morning Tony and Suzanne Marriott, Associate Brokers. Have been involed with a number 1031 exchanges, everyone is different, if I like the property, I'll make the math work.

What do the listing agreements and contracts say?

depends on what the listing agreements and buyer agency agreements say. 

It's part of the negotiation. 

I would think the commissions would be paid as in any other real estate transaction as per the listing.

It is necessary to refer to the relevant agreement(s) in order to determine who pays the commission.

Worked on one like that a while back and each party agreed to pay their agent in the deal. Absent such an arrangement, agree with Michael Setunsky . . . Seller. 1031 exchange notwithstanding.

Negotiable, both parties, for any exchange an appraisal should be completed.

Same rules apply ( escrow, agents, vendors, title, taxes,etc. are paid), do not take ''same value'' literally.