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What percentage of a real estate agent's commission typically goes to the broker?
Wiki User
∙ 16y ago
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.
Wiki User
∙ 16y ago
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What is the percentage that a real estate agent charges on a house sale?
Although percentages are usually set by the market, this transaction largely depends on the agent and the agent's broker, if applicable. In most real estate deals, the percentage is split between four different people including:the listing agenttheir managing brokerthe buyers agentand their managing brokerAccording to Realtor.com, "The broker determines how its own agents will be compensated. Agents are usually compensated on what is called a "commission split," meaning that a broker will get a percentage of the commissions that an agent brings in the door. Traditionally, brokers charge 6 percent, although 5 percent is also common. Agents then receive a portion of the commission from their broker." The percentage is usually between 1 and 2 percent.
How much is a real estate brokers and agents commission and how is it split?
RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the 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
A real estate broker sold your house for 72000 The broker's commission was 6 percent of the selling price How much would you get for the house after the commission is paid?
$72,000x6% = $4320 (commission)$ 72,000-4320= $67,680. You would get $67,680 from the sale of your house after paying the commission.
How much do real estate agents make on a sale?
Depends on broker
What is the percentage that a real estate agent charges on a house sale?
Although percentages are usually set by the market, this transaction largely depends on the agent and the agent's broker, if applicable. In most real estate deals, the percentage is split between four different people including:the listing agenttheir managing brokerthe buyers agentand their managing brokerAccording to Realtor.com, "The broker determines how its own agents will be compensated. Agents are usually compensated on what is called a "commission split," meaning that a broker will get a percentage of the commissions that an agent brings in the door. Traditionally, brokers charge 6 percent, although 5 percent is also common. Agents then receive a portion of the commission from their broker." The percentage is usually between 1 and 2 percent.
How much is a real estate brokers and agents commission and how is it split?
RE commission is between 4% and 6% usually. The amount ( say 6%) is what is "split" between the listing broker and the agent who brings the deal to the broker.
What is the percentage of a realtor commission today?
Although the typical commission rate is 7% for Residential and 10% Commercial there is no set commission rate, it all depends of the amount of work you want the agent to do (advertising, paperwork, ect.) and how much incentive you want to give the buyers agent which makes your house desirable for agents to show, also the agent does not get all of the commission, it is divided between the agent his broker the buyers agent and his broker plus advertising.
What does broker's commission mean?
The brokers commission means that if he finds a house for you costing say, 50,00000 rupees value. Then he will charge a 2percent of the whole amount as his commission.
Can a real estate broker give a percentage of his commission at closing to a non real estate license?
The answer to this depends on the state in which you live. Often times a broker will give a small percentage of commissions to an assistant for duties performed and that is fine. But in some states a license is required to received an money associated with a commission.
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.
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
What is difference between a fee and commission?
A commission is compensation received by a broker or insurance agent paid by the insurance company and is a percentage of the insurance premium, or a percentage of a portion of the insurance premium. A fee, on the other hand, is a fixed dollar amount (not a set percent of the premium) and can be paid either by the party buying the insurance or by the insurance carrier. Often, clients with large premiums, or complex risks negotiate with their broker to provide services, including the placement of insurance for a flat fee. The insurance is than placed "net of" or without commission. Many people feel that this is a more transparent method of broker compensation and eliminates broker bias to higher premiums or carriers which pay a higher commission. In certain circumstances, both a fee and a commission are charged. This usually occurs when the broker is providing services which are not property compensated by the commission in the policy. When a fee is charged in addition to a commission, it should be disclosed who the fee is being paid to, and for what service.
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.
What is the role of a loan broker?
He may represent either party, and he does not take possession of goods or property or deal on his own account. The broker receives a fee or commission from one or both of the parties that is usually based on a percentage
What is net listing in real estate?
A net listing is an agreement between the seller of a home and the broker entrusted by the seller to find a buyer. In most listing agreements, the broker is entitled to a percentage of the selling price as his commission.
What is the Difference between brokerage and commission?
difference between broker and commission agent
