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How much should you pay a real estate agent when buying a house?
Wiki User
∙ 12y ago
Standard commission in the US is 3% to selling agent, 3% to listing agent.
The seller pays the commission.
Wiki User
∙ 12y ago
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What is the income on a real estate agent?
Real Estate Agents make 3% of the sale of a house. That is 3% for the buying real estate agent and 3% for the selling real estate agent. So this can range widely by house prices. Most real estate agents incomes vary from part time work at $20,000/year to full time commercial real estate agent at $100,000+/year. It all depends on how many houses you sell and how hard you work at it.
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
What are the factors in choosing a house?
The basic things or factors you should consider in choosing a house are, what type of house you can afford on your budget and is it safety or not. And also you should consider whether the area is convinent or not. If you are buying through the real estate agency then they will consider all this factors and your needs according your preference.
How much money does a real estate agent get from a commission?
The commission may vary from state to state, but the standard amount is six percent. But the commission may be divided three ways, depending on who listed, showed, and sold the property, and who owns the real estate agency. The commission is paid by the seller of the property, not the buyer.A real estate broker is a real estate agent who has additional licensure and is usually the owner of the real estate agency. The broker employs real estate agents (sellers) to list, show, and sell property for the agency, but they work on commission, not salary. When a person decides to sell their property through a real estate agent, they will contact a real estate agency to list the property. The agent who lists the property is the listing agent, but other real estate agents, including the broker, can show and sell the property to prospective buyers, too.The agent who shows the property to the one who purchases it (the agent who 'closes the deal') is the selling agent.This can even be a real estate agent who works for another agency (broker), since it's rather common for one agency to list a property and another one to show and sell it.So, say John Brown wants to sell his house and contacts ABC Real Estate Agency. He speaks to the agent who was listed on the 'For Sale' sign and, after the agent meets the seller and examines the property, they decide on a price for the house, fill out all the paperwork, and it's now on the market. That agent is the listing agent.Then Simon Smith drives by the house, sees it, likes it, and wants to look at it. So he calls the agency who has it listed (ABC Real Estate Agency). But the listing agent isn't available, so another agent shows Simon Smith the house. Simon Smith loves the house, agrees on the price, and buys it. The second agent is the selling agent. In this case, the total commission of 6% on $250,000 is $15,000, and will be divided three ways. The broker will get 2% of the commission, which is $5,000. The listing agent will also get $5,000 at 2%, and the selling agent will get $5,000 at 2%, as well.But if the listing agent had been the one to also show and sell it, they would have received $10,000 commission, and the broker would have received $5,000. And if the broker had listed, shown and sold the house, he would have received the entire 6% commission of $15,000.
Do you need a real estate agent when buying a house?
It's always wise to have someone who knows about real estate. However, you don't need an agent to buy a house, but I do recommend it unless you are an experienced savvy investor who has done it before.
What is a sellers agent in real estate and the fees for such?
The selling agent represents the buyer (he/she sells the house).The advantage in working with a selling agent is that they have buyers. One of those buyers may be interested in buying your house.
How do you find out if a new home you are buying has any liens against it?
Go to your local court house and do a title search. If your real estate agent was good that should have been done already.
What is the income on a real estate agent?
Real Estate Agents make 3% of the sale of a house. That is 3% for the buying real estate agent and 3% for the selling real estate agent. So this can range widely by house prices. Most real estate agents incomes vary from part time work at $20,000/year to full time commercial real estate agent at $100,000+/year. It all depends on how many houses you sell and how hard you work at it.
Where could one look to purchase from a list of houses available in Cambridge?
To purchase a house in Cambridge, Massachusetts, one should really contact a local real estate agent, who will help with the whole house-buying process.
The home buying center?
The Home Buying Center is a house buying company there website is http://www.thehomebuyingcenter.com They also sell foreclosure houses cheap. My friend Bob used The Home Buying Center and bought a house way less than through a real estate agent.
Should you use a real estate broker when buying a home?
Always. The service is free to you, as the seller pays the real estate commission. If you aren't real estate savvy you need someone in your corner to make sure you don't miss deadlines and have done your due diligence. Selling a house? I say no, you don't need an agent. But if you're buying, do yourself a favor and get an agent. Below is the original answer, not mine: You don't have to sometimes if you don't the seller can reduce the price of the house more readily because they don't have to pay that extra expense.
Who should pay the realtor for their job?
The person who hired her. If you want to buy a house, hire a real estate agent and let her find one for you. If you want to sell a house, find a real estate agent and have her find a buyer. by the way, the term, 'Realtor' refers to a real estate agent who is a member of the National Realtors Association.
Can a real estate agent host open house for different company?
No, a real estate agent has a relationship with one brokerage.
Family member buying a house from estate?
yes you can
What is a house seller called?
real estate agent
How do you find flood evalation of a house?
ask an estate agent.
