The listing agent is legally bound – and enthusiastically motivated by a big payday – to make as much money as possible for the seller.
The commission is paid only if the sale takes place or if the seller is in default and breaches the listing contract. If the buyer defaults and the seller keeps the earnest money deposit, the listing.
Real estate agents make their money by arranging home sales and taking a cut of the sale price, usually in the range of 5 to 6 percent. This fee is typically paid by the seller at closing and gets deducted from the seller’s money and given to his agent. The seller’s agent doesn’t get to keep all the cash, however.
Thereal estate agent fee is a percentage of the sale price. The specific amount depends on how much your home sells for, but it’s commonly 6% of the sale price. For example, if the home sells for $500,000, the real estate agent fees of 6% would be $30,000. The fee is split between the buyer’s agent and the seller’s agent.
First time home buyer. How does my realtor "get paid"? How does that all work? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
How much do real estate agents make? And how do real estate agents get paid? local custom generally determines who pays which closing costs, but everything is negotiable.
There's no reason to charge people that much money.". "Anything over that $5,000 that your Realtor's getting, they're going to cut that back to.
Now that we know who pays the Realtor fees in a real estate transaction, let’s look at how a Realtor gets paid. interesting real estate Facts: Realtors do not get paid until closing. When a Realtor is working with you to find you a home, they know that they will not make a dime unless you purchase a house and use their services to do so.
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They can help you walk the tightrope of getting you as much money out of your house as possible, while still appealing to a wide range of.