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If a home is not sold above sale price does the agent receive commission?
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How do you calculate 5 percent commission on 3milion?
Commission(C) = % Fee * Sale Price Fee= 5%, Sale Price = 3,000,000 5% = .05 C = .05 * 3,000,000 C = $150,000
what is the answer to A sale price will earn a commission equal to 1/32 of the total sale. What is the commission earned on sales totaling 24,000?
1/32 (2400)=$750
The fee paid to a person who makes a sale expressed as a percent of a selling price is called?
Commission
If the law forbids the sale of something above a certain price that price is called the?
Price ceiling
Policies on prices discounts credits and deliveries?
A price of a product is an important factor for a customer on his buying decision. A salesman must be aware of price changes, of course, for he is responsible for informing his customers about it. In addition, he may not earn his expected commission if he sells a product at its old price.
What is a typical sales commission?
Typical commission is 6% of the sale price, unless otherwise agreed to by Seller and Agent
What commission would be payable on a house with a sale price of 105 000?
The commission is not a fixed amount: it is negotiated with the estate agent (UK) or realtor (US).
What is commission sales?
When you are paid on a commission basis, you receive a certain percent of the price of the goods/services you sold, rather receiving a wage or salary.
Do you pay a real estate agent to list your home?
No. A real estate agent earns a commission as a percentage of the selling price of the house only after the successful completion of the sale. The commission (usually around 6% of the selling price) is split between the agency listing the property and the agency selling the property, if they are not one and the same. The individual agent(s) are paid a portion of this commission, the amount depending on the contract each agent has with their indivdual agencies.
Sliding scale commissions?
"Sliding scale commissions" alter the amount of a sales commission based on the value of a sale. The usual arrangement is that larger sales receive a fixed percentage up to a certain price, and a lower percentage on the value above that price.
How much money does a real estate agent make for each house they sell?
In most cases, they make a percentage of the sale price (called a commission), and that percentage varies. Usually, both the buyer and the seller have an agent, and both get a commission. If the same agent represents both buyer and seller, he gets a double commission. You should call individual real estate firms to find out how much commission they give their agents.
How much is real estate brokers commission?
Commission rates are not fixed and are negotiable but generally range from 5% to 7% of the sales price. The commission is usually split between the buyer's agent and the listing agent, unless only one agent is involved. Real estate commissions and transactions vary from state to state, broker to broker and even locations within states can be different. Obtain the information in the local market to be precise.
How do you solve a commission problem where you need to find the original price?
Commission = percent x original price / 100 so original price = commission x 100 / percent
Can a sellers real estate agent tell the buyers agent the exact price the buyer will accept less than the listing price?
They can, but only if their principal (the seller) has given them express permission to do so. If they do this without the seller's permission it is a breach of the agent's duties to his/her principal. If this happened in the US the seller should notify the Real Estate Commission in their state and file a complaint against their agent. This is extremely unethical.
What is travel and tourism commission level?
The travel agencies used to make their money by selling airline tickets to a customer... and adding a commission to the price of the ticket. That was paid by the airline or the ticket-buyer. It was their payment for a service rendered to the customer (and a service for the airline since the airline wants to fill the planes). If the commissions are low, it is cheap to use a travel agent. it might save a flyer 1 hour on the phone to the airline. She just calls the travel agent to do that. If commissions are high, a buyer will avoid the travel agent. The airline will avoid the travel agent. Unless the agent does enuf extra work to justify the high commission.
What is commission levels in travel and tourism?
The travel agencies used to make their money by selling airline tickets to a customer... and adding a commission to the price of the ticket. That was paid by the airline or the ticket-buyer. It was their payment for a service rendered to the customer (and a service for the airline since the airline wants to fill the planes). If the commissions are low, it is cheap to use a travel agent. it might save a flyer 1 hour on the phone to the airline. She just calls the travel agent to do that. If commissions are high, a buyer will avoid the travel agent. The airline will avoid the travel agent. Unless the agent does enuf extra work to justify the high commission.
What kind of commission do sellers of used cars generally receive?
Most dealers pay you a 20%-35% commission on the GROSS profit (not the total sale of the car), which means that if the dealership was in the car $17,500, and the car sold for $20,000, they'd get 20% of the $2500 between the invoice price and the sale price = $500.
