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Property held on commission refers to assets or goods that are entrusted to a person or entity (the agent) to sell on behalf of the owner (the principal). The agent typically earns a commission or fee based on the sale proceeds. This arrangement allows the principal to leverage the agent's expertise in marketing and sales while retaining ownership until the property is sold. It is commonly used in real estate, retail, and various other industries.
What else can I help you with?
What are salaries in the real estate industry?
As an ex-real estate agent, I can say that revenue in the industry varies with situations and positions held. A licensed realtor is usually paid a commission which also can vary. Talking to a realtor about his commission is not a secret when signing a listing or a agreement of sale. In fact he has to disclose what the commission percentages will be. Your challenge is accept his commission as a valid and justified expense relative to the effort he puts into selling your property or getting you the property you are looking for.
What is the realtor commission on a 1 million property?
The realtor commission on a 1 million property is typically around 5-6, which would amount to 50,000 to 60,000.
Who has the legal title of the property in a trust?
Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.
What is the typical realtor commission on a 1 million property sale?
The typical realtor commission on a 1 million property sale is around 5-6, which amounts to 50,000 to 60,000.
Where is the Maryland Commission On Artistic Property in Annapolis Maryland located?
The address of the Maryland Commission On Artistic Property is: The Maryland State Archives, 350 Rowe Blvd, Annapolis, MD 21401
What is the typical commission rate for a realtor when a property is listed for sale by owner?
The typical commission rate for a realtor when a property is listed for sale by owner is around 3 to 6 of the final sale price.
Can a trustee get a loan on the property held in trust to pay off heirs?
Trustee is not the owner of the property and hence he will have no right to sell the property held under trust.
Average commission for home property manager?
7% of rental rate
When is the occupier of the property liable for commission of torts?
i don't know ! haha
What is the typical commission rate for a buyer's agent when purchasing a property that is for sale by owner?
The typical commission rate for a buyer's agent when purchasing a property that is for sale by owner is around 2-3 of the sale price.
How do realtors get paid for finding rentals?
Realtors typically get paid a commission by the landlord or property owner when they successfully find a tenant for a rental property. This commission is usually a percentage of the total rent amount for the lease term.
Can property held in a trust be seized by a court order?
Yes. There are circumstances whereby a court can order the transfer of property held in a trust.
