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How much commission would a real estate agent in Tennessee make off a 300000 home sale?
Wiki User
∙ 12y ago
I would estimate anywhere from $3,000 - $7,000 depending on the commision percentage.
Wiki User
∙ 12y ago
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When is a real estate agent due a commission?
Imediately after the close of escrow
What is the purpose of a real estate agent?
Real estate agent mostly help you to sell your home fast as possible. You find the real estate agent who have a lot of market experience. Main purpose of your real estate agent is Sell you house fast with 100% cash back to you and no commission involved. Actually mostly Peoples very worried how choose the agent who give you big profit. Property Friends Tn is one of the trusted real Estate agency peoples trust on them Their purpose is to buy house fast is-as condition, No Renovation, No commission and Fully cash back to the customers.
Do you pay a real estate agent to list your home?
No. A real estate agent earns a commission as a percentage of the selling price of the house only after the successful completion of the sale. The commission (usually around 6% of the selling price) is split between the agency listing the property and the agency selling the property, if they are not one and the same. The individual agent(s) are paid a portion of this commission, the amount depending on the contract each agent has with their indivdual agencies.
How do you become real estate agent?
It depends on your state in which you reside for their local real estate commission rules and procedures. Check with your local board for more details.
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.
Who usually pays a real esate agent a commission?
In US residential real estate the Seller pays the real estate agent's commisssion.
When is a real estate agent due a commission?
Imediately after the close of escrow
How much should you pay a real estate agent when buying a house?
Standard commission in the US is 3% to selling agent, 3% to listing agent. The seller pays the commission.
A real estate agent earns about a 6 commission on each house sold. How much commission would an agent earn on a house that sold for 125000?
7500
A real estate agent earns about a 6 percent commission on each house sold How much commission would an agent earn on a house that sold for 125000?
7500
My real estate agent not returning my escrow deposit.How long a real estate agent can hold the escrow deposit?
Call your local Real Estate Board of Commission...each state is different.
How much does a real estate agent make per hour?
Nothing. They work on commission.
When does real estate agent earn commission?
The real estate agent earns the commission for selling a home or for representing a buyer who has a completed the purchase and sales agreement and ultimate closing on a piece of real property. The commission is paid to the broker of record at the closing, or settlement in some states, has occurred.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
How much does a real estate agent make a week?
Selling real estate is a commission based profession. Real estate agents get paid when they close on homes, they do not get a regular weekly or monthly income. The amount of the commission paid at closing is negotiated by the seller and the listing agent at the time of listing the home.
What percentage of a real estate agent's commission typically goes 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.
How much money does a real estate agent make for each house they sell?
In most cases, they make a percentage of the sale price (called a commission), and that percentage varies. Usually, both the buyer and the seller have an agent, and both get a commission. If the same agent represents both buyer and seller, he gets a double commission. You should call individual real estate firms to find out how much commission they give their agents.
