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In my experience, it is 4% to 10% in a suburban area. It depends on how hard it is to sell. Vacant land in Manhattan may not need to pay any commission -- let the buyer pay it if they use an agent -- just put a for sale sign on the property. Vacant land in West Texas might need to pay 15% -- or "whatever it takes". The real answer, of course, is Whatever you and the sales agent have agreed to.
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Insurance on vacant land?
Coverage for truly vacant land is automatically extended from most homeowners policies at no additional cost. The catch is that vacant land is considered land free from any man made structures and activities, which would include fences etc.
What is unimproved real estate?
The term unimproved real estate generally means vacant land that is not serviced with municipal or county water and sewer. Also available electricity, telephone, and cable television may not be in close proximity to the site. Caution should be exercised as sometimes vacant land is unimproved land (as described above) or a building site or pad site that does have public water and sewer, and other utilities available at or close to the site.
Types of commission in the business?
Types of Commissions:1. Base plus commissions- It involves receiving a pre-determined base salary plus some type of commission on the sales you actually make.2. Draw against commission- type of compensation plan is totally commission based.3. Residual commissions- Earning residual commissions is a salesperson's dream, because as long as their accounts are generating revenue for the employer, the salesperson continues to receive a commission.4. Salary plus bonus- this is the method of compensation you agree upon, you'll receive a pre-determined salary each pay period that is not impacted by your performance.5. Salary plus commission- This is the same as a "base plus commission" compensation structure.6. Straight commission- type of compensation can be a bit risky, since you only get paid based on how much you sell.7. Straight salary - you'll earn a straight salary that is in no way impacted positively or negatively by your sales performance.8. Variable commission- This type of commission structure is similar to a straight commission, however, the commission rate you're paid goes up or down based on pre-determined circumstances.
Sliding scale commissions?
"Sliding scale commissions" alter the amount of a sales commission based on the value of a sale. The usual arrangement is that larger sales receive a fixed percentage up to a certain price, and a lower percentage on the value above that price.
What is power broking?
You mean "power brokering." A broker is an agent who negotiates contracts and sales in return for a commission; a go-between. A power-broker is a person who negotiates political arrangements.
Is sales commission an expense or cost of sales?
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
What is the typical commission in catering sales?
What is average sales commission percentage rate for training sales?
Is sales commissions a fixed or variable cost?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
Is commissions a fixed or variable costs?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
What is the general liability class code for vacant land?
49451. Vacant land. Rural including products and/or completed operations
Should you share your sales commission?
Sales commission is earned for selling a product of the company. If you have done all the hard work by yourself, you should not share the sales commission. However; if someone has helped you to achieve those sales, split the commission according to their input.
What is average sales commission for training sales?
The typical commission rate for sales starts at about 5%, which usually applies to sales teams that have a generous base pay. The average in sales, though, is usually between 20-30%. What is a good commission rate for sales?
Insurance on vacant land?
Coverage for truly vacant land is automatically extended from most homeowners policies at no additional cost. The catch is that vacant land is considered land free from any man made structures and activities, which would include fences etc.
Is commission applied before or after sales tax?
Commission would be apply to the sales price, which does not include tax.
What is typical sales commission on kitchen cabinets?
There is no such thing as a typical sales commission on anything. This is something that has to be determined between sales person and company hiring the sales person to make sales.
Average outside sales commission?
The average outside sales commission varies depending on the job you have and what you are selling. An average commission is around 10 percent.
Does real estate development include the purchase of vacant or raw land?
Real estate development includes the purchase of vacant or raw land
