How Do Real Estate Agent Commissions Work?
Real estate agents make their commission based on the amount they receive from the sale, regardless of whether they are representing a client who is looking to buy or sell a house. It is important to learn how commissions work before you hire a real estate agent. A broker will employ real estate agents. A broker will pay a commission to the agent. The brokerage may charge a commission fee of 30% or more on all sales. Top-selling agents and those with experience may get 100%. The broker will also be paid a desk fee. The seller will pay a commission, which is a percentage of the sale price. This commission is usually a percentage of the sale price. Sedona Az Realtor The broker will sign an agreement for the clients. A commission is paid out of the seller's funds at close and is a percentage from the total sale price. This is how an agent gets their commission. The total sale price for the house: $500,000 Broker's...