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This amount may vary in places, but the total comission is usually 6% of the sale price of the house. There are also other variables involved. For example, let's say there is a listing agent (the real estate agent who listed the property), a selling agent (the real estate agent who sold the property) and the broker under whom both agents work.

In this case, the listing agent would get 2% of the total sale price, as would the selling agent and the broker. If the listing agent and selling agent are the same person, they would received 4% comission, and the broker 2% of the sales price. If the broker is also the listing and selling agent, then s/he gets the full 6% comission.

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This amount may vary in places, but the total comission is usually 6% of the sale price of the house. There are also other variables involved. For example, let's say there is a listing agent (the real estate agent who listed the property), a selling agent (the real estate agent who sold the property) and the broker under whom both agents work.

In this case, the listing agent would get 2% of the total sale price, as would the selling agent and the broker. If the listing agent and selling agent are the same person, they would received 4% comission, and the broker 2% of the sales price. If the broker is also the listing and selling agent, then s/he gets the full 6% comission.

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If he is a captive agent selling Term Insurance, it could be anywhere from 40 -50 %. If he is a broker selling the same insurance it could be anywhere from 60% and up.

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Not necessarily. You could be acting as an agent, a broker, a merchant or a middle-man in the transaction.

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No. The HUD lists the total amount of commission paid to the listing broker and selling broker if they are different companies. The agent then has to split his commission with his office, sometimes the split is as high as 50/50.

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A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice.

There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.

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