A really nice, though frustrated, to me recently via e-mail and asked a simple answer to the eternal question: "How much Commission to pay a broker?" He had tried for some time to get an answer to your question, without success. After reading my articles on ezine, e-mail and asked me what was the Commission's standard for agents nationally.

Ironically, during my term as Century 21 agent, I was more frequentthe same question. I assumed when the question was raised in the negotiation of the contract award announcement. Now I realize that the public has no idea actually work, such as real estate commissions. So, I thought I was with my readers my reply to the e-mail party.

The truth is that there is no "standard" of the Commission. In fact, in most states, the law and / or the Real Estate Commission prohibits any attempt by real estate agenciesparts or repair of real estate commissions. commissions real estate agents, who may decide to ask, until the public is willing to pay. Fortunately, competition is a factor in rates of commission considers "reasonable."

Realty firms are often minimum and maximum rates of commission to its agents so that agents negotiating room. For example, I could be announced contracts for commissions of 6% or higher. If I wanted to do an ad for less than 6%, I hadapproval received from my broker, the administration before signing the contract. This practice is perfectly legal. However, agents are not authorized to discuss the structure of the Commission, with the agents of firms from other data object. Similarly, the data, companies must not lose their own fees.

I was also asked how the real estate commission split between the applicant and the selling agent or buyer. Negotiated the entire Commission when the signature recordis the maximum commission payable by the seller to complete the transaction. The amount of commission paid for the buyer's agent to negotiate when a contract has been written for the purchase of goods by the seller. In general, the Commission as a whole, which corresponds to a certain percentage of the total price should be divided equally between the claimant and the sales agent. Given the fierce competition and, in some cases, the resentment among agencies, mutual CommissionAgreement has shifted to one of stealth and greed. What I mean is that some agencies deliberately want to keep your ad or browse "," a part of the entire Commission, and state in the Multiple Listing Service, which the Commission is less than what was agreed in the contract announcement. To keep the advertising agency for the entire Commission. The sales agent may or may not know, was ignored by the Commission. One can only imagine the domino effect has such a practicerelatively small community of business object data in a given area.

For you as a consumer, is to remember that real estate commissions are ALWAYS negotiable. So if you are considering your offer to sell this knowledge to your advantage and negotiate a fair and reasonable commission. Hungry for real estate commissions and you will almost always accept the offer.

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