Real Estate Agents Commission
Agents Real Estate Commission? Someone told me that 7% was normal ... but my question is?
Let's say the house is on sale for $ 100,000 and are a real estate agent who finds the buyer. So how does the work of the Commission, who pays, when and how? Does the realtor and buyers agent to split the 7%? Basically, any idea you can give this issue would be great.
7% is a normal fee for a full-service agent. A difference of 1% commission means a 30% reduction in the payment of his agent. I do not know about you, but I do not work as hard if you are asked to take a 30% salary reduction. Price 100,000, 7% commission of 3.5% = 3,500 on each side of the supply of each agent will have to split with your broker. Call it a split of 80/20 for each side. Real estate agent - $ 2,800 selling agent - sales agent $ 700 - $ row sales 2,800 - $ 700
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