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.
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Nothing. They work on commission.
Standard commission in the US is 3% to selling agent, 3% to listing agent. The seller pays the commission.
It depends on how many house they are selling and how much does it cost, it is per percentage basis, around 5-10% of the price of the house they able to sell.
No, you cannot act as your own real estate agent and still receive commission. Real estate agents typically earn commission by representing clients in real estate transactions, so if you are representing yourself, you would not be eligible to receive commission.
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A real estate agent can earn usually from five to ten percent of a commission based on how much the property was sold for. they could earn more or less depending on how much the property is worth and what percentage the owner is willing to pay for the agent to sell his property.
In some states it is completely legal for Lawyers to broker deals for which commission is payable. It differs from state to state. In some states a lawyer can simply act as a broker, say New York for example. Lawyers will often request documentation that confirms this role. http://www.thinkpropertiesnyc.com No, I guess, it is not legal for a lawyer who is not a licensed real estate agent to earn a real estate commission in Minnesota.
In US residential real estate the Seller pays the real estate agent's commisssion.
Imediately after the close of escrow
Call your local Real Estate Board of Commission...each state is different.
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The commission rate for a real estate agent selling their own home is typically negotiable, but it is commonly around 2-3 of the sale price.
The commission rate for a real estate agent selling a million dollar home is typically around 5-6, which would amount to 50,000 to 60,000.
that completely depends on the agreement between the broker and the agent.