$72,000x6% = $4320 (commission)$ 72,000-4320= $67,680. You would get $67,680 from the sale of your house after paying the commission.
67680
$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.
Broker buys/sells securties on his/her clients behalf and dealer buys/sells securties for his/her accounts. 1. A broker is a person who executes the trade on behalf of others, whereas a dealer is a person who trades business on their own behalf. 2. A dealer is a person who will buy and sell securities on their account. On the other hand, a broker is one who will buy and sell securities for their clients. 3. While dealers have all the rights and freedom regarding the buying and selling of securities, brokers seldom seldom have this freedom and these rights. 4. A broker has only a little experience in the field compared to dealers. It has also been seen that brokers become dealers once they get experience. 5. A broker is normally paid a commission for transacting the business. A dealer is not paid a commission, and he or she is a primary principal.
67680
$180,495
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.
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".
Yes a selling concession is a selling commission of sorts. The difference is that in an initial public offering the securities are initially bought by the participating brokers at a discount and then immediately resold for the full amount. This spread is called the "selling concession". Although the terms are used interchangeably, a commission is associated with a broker where a concession is associated with a dealer. The difference is wether the agent in the middle uses his own money (dealer) or someone elses money (broker).
The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.
the broker has no fixed salary the earnings of brokers depends on no. of clients and no. of services they provide. the broker gets commission from the insurance company which is about 5-15% of premium
Officially the seller pays the broker commission. However, ultimately it is paid by the buyer, since the commission is related to the selling price.
Full-service brokers provide advice in addition to buying and selling stocks
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.
The brokers commission means that if he finds a house for you costing say, 50,00000 rupees value. Then he will charge a 2percent of the whole amount as his commission.