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If the attorney of an estate is also the personal representative of that estate can she sell the real estate and collect both the real estate commission and her attorney fees?
The real estate agent is the person who collects a commission on the sale of the real estate not the estate representative (executor/administrator). Generally a person who fills both roles, attorney for the estate and executor, can charge for both services.
How does an Executor of an estate collect their commission?
An Executor of an estate typically collects their commission as outlined in the will or according to state probate laws, which often specify a percentage of the estate's value or a fee based on the work involved. To receive the commission, the Executor must first complete their duties, including settling debts, filing tax returns, and distributing assets to beneficiaries. Once the estate is settled, they can submit a formal request for payment to the probate court, which may require documentation of their activities and the estate's financial status. After court approval, the commission can be disbursed from the estate's funds.
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.
What are real estate agents paid?
They are paid an agreed upon commission as per the listing contract between the agent and the seller. Buyers and seller are often charged administrative or processing fees to be paid to the brokerage office of their realtor. Real Estate agents are paid a percentage of the commission they collect based on whatever contract they have with the real estate brokerage that employs them.
Can an estate collect a debit?
Certainly, the debt is considered an asset of the estate and must collect it.
Is an estate administrator paid after the estate is settled or can they collect before it is settled?
They can collect before it is settled
What is the current Colorado real estate commission?
The current Colorado real estate commission manages the exams for real estate brokers and salespersons before giving them a real estate license. The commission also keeps brokers informed of changes in real estate laws, forms and regulations.
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.
What are two types of commission in real estate?
state and central commission
Can you attend real estate school while collecting unemployment?
Yes. Check with your local unemployment office for free training,which includes real estate school.
