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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.
What else can I help you with?
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.
A real estate broker sold your house for 7 000 The broker's commission was 6 of the selling price How much would you get for the house after the commission is paid?
To calculate how much you would get after the broker's commission, first find the commission amount by multiplying the selling price ($7,000) by the commission rate (6%). This gives a commission of $420. Subtracting this from the selling price, you would receive $6,580 after the commission is paid.
A real estate broker sold your house for 189 000 The broker's commission was 4.5 of the selling price How much would you get for the house after the commission is paid?
To calculate the broker's commission, multiply the selling price of the house ($189,000) by 4.5%, which equals $8,505. Subtracting this commission from the selling price, you would receive $180,495 after the commission is paid.
Can you act as your own real estate agent and still receive commission?
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.
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 is the commission rate for a real estate agent selling a million dollar home?
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.
What is the commission rate typically charged by a real estate agent on a 1 million dollar home sale, and how much would that equate to in terms of their earnings?
The commission rate typically charged by a real estate agent on a 1 million dollar home sale is around 5-6. This would equate to earnings of 50,000 to 60,000 for the real estate agent.
How does commission work when selling a home For Sale By Owner?
When selling a home For Sale By Owner, the seller typically does not pay a commission to a real estate agent. Instead, the seller handles the sale process themselves and keeps any money that would have gone to a real estate agent as commission.
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 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.
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.
A real estate broker sold your house for 7 000 The broker's commission was 6 of the selling price How much would you get for the house after the commission is paid?
To calculate how much you would get after the broker's commission, first find the commission amount by multiplying the selling price ($7,000) by the commission rate (6%). This gives a commission of $420. Subtracting this from the selling price, you would receive $6,580 after the commission is paid.
