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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.
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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.
What is the commission rate for a real estate agent selling their own home?
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.
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.
Does the realtor get commission on a for sale by owner transaction?
In a for sale by owner transaction, the realtor typically does not receive a commission because the homeowner is selling the property without the help of a real estate agent.
Do realtors receive a commission on for sale by owner properties?
Realtors typically do not receive a commission on for sale by owner properties because the owner is selling the property without the help of a real estate agent.
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.
What are some examples of commission jobs?
A realtor is a commission job, for buying or selling real estate.
What is the commission rate for a real estate agent selling their own home?
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.
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.
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.
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.
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.
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 brokers commission was 6 percent of the selling price how much would you get for the house after the commission is paid?
67680
Do you pay a real estate agent to list your home?
No. A real estate agent earns a commission as a percentage of the selling price of the house only after the successful completion of the sale. The commission (usually around 6% of the selling price) is split between the agency listing the property and the agency selling the property, if they are not one and the same. The individual agent(s) are paid a portion of this commission, the amount depending on the contract each agent has with their indivdual agencies.
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.
How much should you pay a real estate agent when buying a house?
Standard commission in the US is 3% to selling agent, 3% to listing agent. The seller pays the commission.
