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Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
Wiki User
∙ 14y ago
that completely depends on the agreement between the broker and the agent.
Wiki User
∙ 14y ago
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Who is the Transaction Broker in real estate?
A transaction broker, however, remains legally neutral, and can assist the buyer and the seller in a transaction.
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
What is co broker in real estate?
A co - broker works with the listing brokerage to help sell the property. It is commonly referred as selling broker which will bring buyer and the listing broker will work seller to help complete the transaction.
Is a real estate broker still entitled to a commission after an offer is rescinded?
no
Who pays the brokers commission when purchasing a commercial building?
Listing agreements usually call for seller to pay broker commissions in a sale transaction. And if there is also a buyer's broker, for a "cooperative" fee, also paid by the seller. If there is no listing agreement the parties may be free to negotiate anything they want, but custom in the locality may dictate the outcome.
Where is the commission in forex trading?
Investors who trade stocks, futures or options typically use a broker, who acts as an agent in the transaction.
Who is the Transaction Broker in real estate?
A transaction broker, however, remains legally neutral, and can assist the buyer and the seller in a transaction.
What is When selling your stock the broker will deduct before passing the money on to you?
that's a commission
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
What is the formula for calculating a real estate broker's commission?
In a simple scenario where the broker charges the commission as a percentage of the purchase price, then you would simply multiply the purchase price by the commission rate. For example, if your home sold for $100,000, and your broker charges a 7% commission, then you would calculate as follows:100,000 x .07 = 7,000These days there a lots of other possibilities, such as flat-fee brokers who charge a set rate regardless of purchase price.As a broker for 15+ years I have personally been involved in various transaction fee structured deals, but the majority are the first type I explained.
Does the buyer have to pay real estate commission to the broker?
Officially the seller pays the broker commission. However, ultimately it is paid by the buyer, since the commission is related to the selling price.
How is a Real Estate broker compensated who brings a Tenant Prospect to a landowner willing to do a Build to Suit for the Prospect?
The broker would be given a commission that is agreed to by the parties during the leasing negotiations. If no amount was agreed to, then the broker would be compensated on a quantum meruit basis, which would be a typical commission based on the nature of the transaction and the commissions charged by other firms. See a real estate attorney in your area for more information.
What is the Difference between brokerage and commission?
difference between broker and commission agent
What is price paid to a broker for services?
commission
What is a principal real estate agent?
A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for commission. Most agents work for a real estate broker or realtor.
What does TB mean on a realtor listing sheet?
Transaction broker.
A real estate broker sold your house for 189000 The broker's commission was 4.5 percent of the selling price How much would you get for the house after the commission is paid?
$180,495
