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Why would a real estate agent spend hundreds of hours getting to know your housing market, helping you price your home right to get it to sell at the highest price in the shortest amount of time, spend their own money on materials to advertise and market your home, drive you around town three evenings a week and all day Saturday, spend dozens of hours coordinating and following up with your lender, inspector, title company, real estate attorney and other professionals, and then guide you through the elaborate processes of paperwork.... for free?

Alternatively, you could simply pay us $50-200 per hour to do these things, and if you decide you don't want to sell your home, or discover that your lender at the last minute won't give you a loan so you can't purchase one, we'll collect that money from you anyways.

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Q: Why would a real estate agent receive commission?
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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


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.


What degree would one need to become a real estate agent?

A college degree is not required to become a real estate agent, but there are training and classes required in order to obtain a Real Estate license.


What happens if the estate and money left in a will of a deceased is in percentage?

In fact, this is how most wills are set up. They pay out a percentage of the estate. For example, if the estate was worth $100,000.00 and a beneficiary was to receive 15% of the estate, they would receive $15,000.00.

Related questions

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 commission would be payable on a house with a sale price of 105 000?

The commission is not a fixed amount: it is negotiated with the estate agent (UK) or realtor (US).


Can real estate agent's commission be paid by the broker to a corporation?

In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.


How much does a real-estate agent cost?

Usually the real estate agent works on a commission. This amount is negotiable between the seller and the agent and varies by location around the country and your negotiating skills. To put a property in the MLS and to do the marketing should be in the 4% to 7% range since the agent would have to split his commission with another agent as well as his firm plus other assorted expenses.


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.


How much commission would a real estate agent in Tennessee make off a 300000 home sale?

I would estimate anywhere from $3,000 - $7,000 depending on the commision percentage.


Do real estate agents get paid for a cash sale?

The direct answer to this direct question could be either yes or no. How the buyer comes up with the money to purchase a property has no relation to whether a commission is paid or not. The deciding factor in which real esate agents get paid or not is the agreement between the property owner and that agent. If the answer to the question is 'Yes', then there was an agreement that stated a commission would be paid by the owner to the real estate agent - regardless of the buyer's financing decisions. If the answer to the question is 'No' then there was no contractual agreement between the owner and the real estate agent.


If I'm purchasing a house for 25000 how much do i pay my realtor?

Typically the commission is paid by the seller, which the buyer's agent & seller's agent split in half. If you are paying the agent a commission, he or she is getting paid twice. If I were you, I would look for another agent that will accept the commission that is being paid by the seller.


Do I have to have a real estate agent if I want to place my home for sale?

No you don't need a real estate agent to sell your home. You may be better off using a real estate professional as they would be best suited to facilitate the transaction. To try and save the large commission that traditional real estate agents get, many people are now going with For Sale By Owner. This company will give you all the materials and instructions to put your house on the market.


How much do you get paid in real estate?

=Not nearly enough! Seriously, all commissions are negotiable between the licensed real estate agent and their customer or client. An example of a common commission charged in some States would be 5 or 6% of the sale price of the property.==This amount is commonly split between the licensed agent and the broker they work for. The amount of the split is dependent on the arrangement the agent has with their broker. It could be 50/50, 25/75 or anything else that both have agreed to.==An agent can also be paid a flat fee for the services they provide, instead of a commission based on a percentage.=


How does one receive trade commission?

One would have to be employed at an investment company in order to receive commission on a trade. TDAmeritrade and Fidelity are two such investment firms.