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Do you have to pay a commission if your agent sell your home to another agent they both want a commission?
The total commission amount should be in the listing agreement. If your listing agent has agreed to sell your home for 6% and another agent decides to buy it, your listing agent is responsible for paying that agent's commission out of the 6% commission you have agreed to pay them for procuring a buyer. They are not allowed to unilaterally demand a separate commission for the other agent. If they try to force you to pay extra commission above the original amount you agreed to pay you should contact that agent's broker in charge. If you do not get satisfaction from the broker in charge then contact your state's real estate Commission and complain long and loudly.
What else can I help you with?
Is a real estate agent a party to the transaction?
Usually a real estate agent is not a party to the transaction, unless that agent is either the seller or buyer or has an interest in either side. The fact that he may be representing either the buyer or seller or even both does not make him or her an interested party in the agreement. Most states real estate laws clearly state that should an agent have an interest in either side of the tranaction then both parties must be notified for that interest. Thats why you often see and agent sellling his own home, even as a for sale by owner, the advertising and signs should mention that the home is agent owned. Its all about ethics more than the law. From www.zerotorealestatehero,com
What companies offer work at home agent positions?
Many companies offer work at home agent positions. Some of these companies that offer these positions are travel agent, insurance, and real estate companies.
Are you obligated to pay your realtor a fee if you buy a home for sale by owner?
Yes, if the agent is a Buyers agent and you have a signed contract with the agent.
Can an unlicensed real estate agent show properties?
If the real estate agent is unlicensed than they are not a real estate agent. If someone is seller their own home they can show their property or designate someone over 18 year of age to show their home. By law an unlicense individual are not allow to enter properties without a licensed real estate agent.
Can you buy home insurance for a home you dont live in?
Yes. You can purchase insurance for a house you do not live in. You may not be able to use your present company or agent. Still, call your agent for more information. When one insurance company would not write insurance on a house for me, a friend told me about an agent who would.
What is the referral fee for a realtor?
A fee paid to agent to refer a buyer or seller. For example, an agent may have a buyer moving to another state, that agent sets up a referral agreement with another agent in the town the buyer is moving to. If the buyer buys a home through that agent then the referring agent gets a percentage of the commission usually 1/4 of the commission paid to the selling agent. George www.landincorporated.com Thats George at http://www.landincorporated.com
What is commission rate for home-owner's insurance?
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
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.
What is the typical commission rate for a buyer's agent when purchasing a home listed for sale by owner?
The typical commission rate for a buyer's agent when purchasing a home listed for sale by owner is around 2.5-3 of the sale price.
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.
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 seller pay the buyer's agent when selling a home by owner?
In most cases, the seller does not pay the buyer's agent when selling a home by owner. The buyer's agent typically receives their commission from the seller's agent or directly from the buyer.
What is the realtor's commission rate for pa?
A realtor's commission rate is always negotiable. The standard/usual rate is 3% for the buyer's agent and 3% for the seller's agent. The seller always pays the realtor's commission, unless otherwise negotiated in the sales contract of the home.
What is rate of commission in math?
If the commission was $27,000 and the Agent sold the home for $360,000, what was the exact commission?
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.
What is the commission of a house seller?
The seller of a home does not receive a commission. If you are referring to the real estate listing agent who assists the seller in selling the home, it can vary depending on what is negotiated. In the US 3% is fairly typical in most areas, but it is not unheard of for less of a commission to be paid.
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.
