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$180,495
RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the broker.
the commission belongs to the broker not the agent; question should read "WHAT PERCENTAGE OF THE BROKERS COMMISSION GOES TO THE AGENT" It varies from brokerage to brokerage, depends upon the broker -agent contract, could be 50% or less or could be a flat fee.
$72,000x6% = $4320 (commission)$ 72,000-4320= $67,680. You would get $67,680 from the sale of your house after paying the commission.
Yes, the commission that a real estate broker earns can vary depending on the type of broker and his or her contract. Many brokers can even waive their commission in some cases.
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The term Brokers Protected means that the particular party (usually someone selling real estate) is willing to work with someone (a broker) to sell the property, in exchange for a commission of the sale price. In other words, the seller is just stating that he is ok with a broker contacting him and offering to market the property. They also sometimes use the phrase "Brokers Welcome" or "Broker Sought".
Most real estate brokers show up at the closing with their hand out ready for their commission check.
Officially the seller pays the broker commission. However, ultimately it is paid by the buyer, since the commission is related to the selling price.
$180,495
RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the broker.
A real estate broker can waive a commission at will.
the commission belongs to the broker not the agent; question should read "WHAT PERCENTAGE OF THE BROKERS COMMISSION GOES TO THE AGENT" It varies from brokerage to brokerage, depends upon the broker -agent contract, could be 50% or less or could be a flat fee.
A sub broker is intemediatery channel of Broker who serves the services of its broker to clients and gets some commission. Sub broker of Stock Market, commodity market currency ,IPO M.F , Insurance ,real estate etc
$72,000x6% = $4320 (commission)$ 72,000-4320= $67,680. You would get $67,680 from the sale of your house after paying the commission.
The normal real estate brokers commission is around 3 percent. Some function as both seller and buyer brokers and make 6 percent.