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What percentage does a real estate sales person receive from their broker?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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What does an estate broker do?
An Estate Broker is a person who acts as the middle man between buyers and sellers of real estate. They help with the transaction.
What do you call a person that sells houses?
A real estate agent. a realtor
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 is the definition of a real estate broker?
A real estate brokeris a person who acts as anintermediarybetween sellers and buyers ofreal estate/real propertyand attempts to find sellers who wish to sell and buyers who wish to buy.
Where can one find real estates for sale?
A person can find real estates for sale through a real estate agent, broker, or office. A person can also find real estates for sale online through websites such as realtor and Trulia.
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
What does an estate broker do?
An Estate Broker is a person who acts as the middle man between buyers and sellers of real estate. They help with the transaction.
What do you call a person that sells houses?
A real estate agent. a realtor
Can a person be a Real estate Broker and an Agent working for themselves?
Yes, a person can be a real estate broker and agent working for themselves. By acting as both, the real estate broker and agent, the fees for other corporations, agents, and commissions, are eliminating, providing more profit for the owner.
What mean Broker of record in real estate?
The Broker Of Record is the Broker covering the listing or buying side in a Real Estate transaction. He/she is registered as the person responsible for the conduct of a brokerage and the agents who work for it.
What makes a real estate broker different from a real estate agent?
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
What do you call a person who deals real estate?
Real Estate broker/agent or Realtor. Also, sales associate or sales person.
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
What does a commercial broker do?
A commercial broker is a person who handles transactions between corporations. Much like a real estate broker, it's just that they deal with companies instead of individuals.
How can you act as your own real estate agent without a broker?
If a person has an active real estate license, they also have a broker. Having a real estate license without placing it with a brokerage means the license is inactive. In selling his/her home, a person with an inactive license would have to disclose having a real estate license, and then do a For Sale By Owner. A person with no real estate license can sell a home as a FSBO.
How can the person with a life estate insure property they do not own?
Check with your agent. I am certain there is a way. A broker is your best bet!
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.
