0
What else can I help you with?
When does real estate agent earn commission?
The real estate agent earns the commission for selling a home or for representing a buyer who has a completed the purchase and sales agreement and ultimate closing on a piece of real property. The commission is paid to the broker of record at the closing, or settlement in some states, has occurred.
What is the average Real Estate Commission in Texas?
5 percent
What is the average real estate commission percentage in Georgia?
3% of sales price
How much does a real estate agent make per hour?
Nothing. They work on commission.
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
Where can I find my settlement statement?
You can find your settlement statement in the closing documents provided to you by your lender or title company at the end of a real estate transaction.
Where can I obtain a copy of the HUD-1 settlement statement?
You can obtain a copy of the HUD-1 settlement statement from your mortgage lender or the title company involved in your real estate transaction.
A real-estate agent earned a commission of 4300 on the sale of an 86000 house. Which statement below identifies a commission that is at the same rate?
A commission of $2,600 on the sale of a $52,000 house.
When does real estate agent earn commission?
The real estate agent earns the commission for selling a home or for representing a buyer who has a completed the purchase and sales agreement and ultimate closing on a piece of real property. The commission is paid to the broker of record at the closing, or settlement in some states, has occurred.
Where can I find my HUD-1 settlement statement?
You can find your HUD-1 settlement statement in the documents provided to you at the closing of your real estate transaction. It outlines all the costs and fees associated with the purchase or sale of a property.
Is the settlement statement the same as a closing statement?
US Dept. of Housing & Urban development issues only one HUD-1 Settlement Statement which is the instrument for a real estate closing. And if Bank of America employees are too stupid to get that, you should probably bank elsewhere!
Can wife block estate settlement of husband?
She can delay the settlement of the estate by filing objections and claims against the estate.She can delay the settlement of the estate by filing objections and claims against the estate.She can delay the settlement of the estate by filing objections and claims against the estate.She can delay the settlement of the estate by filing objections and claims against the estate.
At what time in a real estate transaction is it considered a real estate commission is earned?
Simple answer: The commission and when it has been earned will be spelled out in the contract between the agent and the party that is agreeing to pay a commission. Read the contract. The contract takes precedence over market practice. Market Practice: In most US states, commission is PAID at the closing or settlement. It is EARNED from the initial meeting with the buyer &/or seller for the specific transaction through to the day of closing/settlement, although there is no guarantee of payment until closing/settlement. In other words, the real estate professional works in good faith for the client with no payment for their work until the transaction closes/settles. There are circumstances where the parties to a transaction are bound by agreements that stipulate payment, under the terms of the agreement, to the real estate professional regardless and sometimes in spite of settlement/closing taking place (or not taking place).
How can I obtain a copy of my HUD-1 settlement statement?
To obtain a copy of your HUD-1 settlement statement, you can contact the title company, real estate agent, or lender involved in your home purchase. They should have a copy on file that they can provide to you upon request.
What is the average real estate commission percentage in Tennessee?
What's the average real estate commission
When was Crown Estate Paving Commission created?
Crown Estate Paving Commission was created in 1824.
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
