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The seller.
Often the real estate commission is paid by the seller as part of the listing agreement. However, real estate commissions are negotiable and depending on the services provided by the agent representing you, there may be other fees in addition or in lieu of a real estate commission. It is strongly recommended that you discuss the issue of fees and commissions at the time you contact a real estate agent to represent you.
What else can I help you with?
How long does a real estate broker take?
how long does it take to become a realestate broker in the state of Florida
How much did the real estate broker sell your house for?
The real estate broker sold the house for 500,000.
How long after a Real Estate broker resigns in Florida must he be replaced?
14 days
Who is responsible for paying the transfer tax in a Florida commercial real estate transaction?
It depends on if it was mentioned in the purchase offer. In the state of Florida the seller commonly pays for the deed transfer taxes but there is not a mandate on who pays it.
What does a Broker In Charge do?
A Broker-In-Charge is basically the supervisor or manager of the real estate office. By law, every real estate office must have an appointed Broker-In-Charge, also called a BIC for short.
Can a Florida real estate broker pay referal fee to out of state real estate brokers?
Yes, a Florida real estate broker can pay referral fees to out-of-state real estate brokers, provided that the out-of-state broker is properly licensed in their respective state. The referral fee must comply with Florida's real estate laws and regulations, including the requirement that the fee is paid for a legitimate referral and that the Florida broker handles the transaction. It's advisable for brokers to ensure they understand and adhere to the legalities in both states involved.
What is the average real estate commission in Florida?
In Florida, real estate commissions is being negotiated between the principal (seller or buyer) and real estate broker during exclusive listing appointment or when representing a buyer through an exclusive buyer's broker agreement.
How long does a real estate broker take?
how long does it take to become a realestate broker in the state of Florida
How many days does a Florida real estate agent have to get a deposit check to the broker?
13
Can a real estate broker waive his commission to another person?
A real estate broker can waive a commission at will.
How much did the real estate broker sell your house for?
The real estate broker sold the house for 500,000.
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.
Real estate broker?
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Who does a real estate worker work for?
A real estate worker who is not a real estate agent can work for themselves and be a subcontractor or work for a real estate office(broker) and work directly for the owner. The difference will be how this individual pays taxes and gets paid. So there is a difference in your worker relationship. This is established when you are hired.
What makes a real estate broker different from a real estate agent?
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
How long does a broker keep records?
in the state of Florida, a real estate broker must keep transaction records for five years. this may vary from state to state.
