0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What percentage does a real estate sales person receive from their broker?
In the US it varies by state and individual brokerages. The conventional compensation model was the brokerage and the salesperson split 50/50 until a certain threshold is reached, then the split increases in 5% increments. Some companies pay 100% to their agents and the agent pays a desk fee to the broker which is a fixed monthly amount. There are as many models for compensation as there are companies and all are negotiable between the agent and his/her broker. Also, the agents usually pay a franchise fee of 5% to 7% of their commission to companies such as Coldwell Banker, Prudential, ReMax, etc.
Can a family member get commission from sale it she is the executor of estate and is a broker?
Unless all the heirs agreed in writing to allow the executor to act as the broker, with the understanding she would receive a commission, she has a conflict of interest and an independent broker should handle the sale of the property. If the executor took it upon herself to act as broker and collect a fee from the estate she should be apprised of the impropriety of self-dealing by a fiduciary. You should consult with the attorney who is handlig the estate or ask the court to review the situation if that attorney allowed this situation to take place.
Do I you to pay an agent fee when your house is off the market?
Good Question But, No. I've had this experience.
What is involved in selling a timeshare?
Selling a timeshare might sound like a quick job, but there are certainly some factors to take into consideration prior to selling. Mainly paying into some type of up-front fee seems to be the number one concern; in the greater scope of the potential sale, it is important to bear in mind the worth of the timeshare, and how/where it will be advertised.
What is the best Real Estate Investor Website service to produce leads for an investor?
I have the answer. Go to NOPsites, a complete lead generating website for real estate investors with no set up fee and all of the tools to produce leads for your business. No gimmicks. No set up fee and only a small monthly fee. Includes hosting of your website and a free domain name.
What is the average fee charged by a real estate broker on a lease?
It depend on the quality of the house person buying
What is the role of a stock trading broker?
A stock trading broker's role is to buy and sell stocks and securities on behalf of someone else for a fee. A stock broker must have a professional designation depending on what securities they are selling and what services they provide their client.
What is average consignment fee for selling an RV?
10 - 20 % Condition & Age.
What is the average consignment fee for selling an RV?
10 - 20 % Condition & Age.
Is it common for a commercial insurance agent to charge their client an agency commission fee and also a service fee?
Yes if they are a broker. You will always see a broker fee from your agent and they a fee from the insurance company
What is the fee to a real estate broker on a lease?
There is no standard fee in the US. Fees vary by location and state and are always negotiable. In some markets, with a lot of vacancy, the broker is paid by the landlord for bringing him a tenant. In markets with low occupancy, the broker may charge the tenant a fee for finding him an apartment/house. Real estate brokers are barred by antitrust laws from setting fees in a uniform manner.
Is it legal to collect a finders fee from a mortgage broker?
Yes, you can collect a finders fee from a mortgage broker. Gifts and money are exchanged in this situation all the time.
What are flat fee MLS listings?
Flat fee MLS listings are real estate sales where the broker receives a flat fee for the sale of the house instead of getting a percentage of the sale. It is a service offered by a number of real estate companies.
What if your broker is requiring a retainer fee?
Lose them............fast.
What are some fees associated with Canadian bonds?
The biggest and most common fee associated with Canadian bonds is a broker fee. This is a fee payed to the broker who manages the money. Buying bonds on your own usually has no fees.
Is it legal to charge a broker's fee and collect commission?
Brokers man charge a broker fee and collect commission but they must have you sign a disclosure that they are making money both ways. It isn't uncommon to be charged a broker fee if your total annual premiums are below $5,000 or if your broker is providing additional services like risk management, safety, 50+ certs, etc.
I currently have two annuities can I use them in todays good house buying market?
You can, as long as it's an annuity you bought into and not a structured legal settlement or something along those lines. However, you will be charged a pretty hefty fee by your broker (in the neighborhood of 7%) for selling it. If you're willing to lose 7% of your money to be able to use it on a house, then go for it.
