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Although the typical commission rate is 7% for Residential and 10% Commercial there is no set commission rate, it all depends of the amount of work you want the agent to do (advertising, paperwork, ect.) and how much incentive you want to give the buyers agent which makes your house desirable for agents to show, also the agent does not get all of the commission, it is divided between the agent his broker the buyers agent and his broker plus advertising.
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Is commission the same as add or subtract?
commission is added percentage
What is the formula for getting the commission?
You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.
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?
What does commission mean in math terms?
commission is the % that a person receives once they sold somthing that's my thery
The price of a technology stock was 9.58 yesterday Today the price fell to 9.51 Find the percentage decrease Round your answer to the nearest tenth of a percent?
The price of a technology stock was yesterday. Today, the price fell to . Find the percentage decrease. Round your answer to the nearest tenth of a percent.
Who is a good Realtor?
a good Realtor maximizes the money you get, net of commission, for your home.
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.
How much does a realitor make?
A Realtor is paid a percentage of the sale of the property. Each Realtor can charge a different commission and it depends on the amount the property sales for how much they receive. However, there is a Realtor on each side of the transaction, one for the buyer and one for the seller unless the listing agent is doing both side. Even if one Realtor did both sides they would not receive the total commission unless they were the broker for the realty company itself. So a Realtor may only receive a small portion of the commission depending on how many parties are involved in the transaction. Overall a Realtor makes a percentage of the total amount of house they sell in a year. Example if they sell a $100K house and the percentage is set at 7% as a general rule the listing agent would get 3.5% and the buyers agent would get 3.5 percent. Then the Realtors 3.5% is further divided by whatever % the broker gets and what remains is what the Realtor gets. As most Realtors are independent agents all of their expenses and taxes must come out of the percentage that is left over.
Who pays realtor commission in California?
WHAT DETERMINES WHAT RATE REALTORS RECEIVE AND IN THE STATE OF CALIFORNIA DO THE SELLER PAY THE COMMISION?
What are some examples of commission jobs?
A realtor is a commission job, for buying or selling real estate.
What is the realtor's commission rate in Maryland?
Realtor commission rates are not set and can always be negotiated. These rates would usually range from 5%-6% but, can be significantly lower at a discount broker.
What is the realtor's commission rate in North Carolina?
too much
What is realtors commission for leasing my condo in Calif?
A local realtor can answer your question.
What is the realtor's commission rate in Minnesota?
There is no standard realtor commission rate. These are negotiable--always. The Department of Justice has nailed the real estate profession on anti-trust violations for trying to maintain a standard rate.
How do you find what was the commission percentage 120 earned out of 2400?
Commission percentage can be calculated as follows: commission percentage = 120/2400 *100 = 5%
How much should I pay my realtor for selling a home in Dracut, Massachusetts?
Your realtor will have his/her percentage of earnings on the sale in your contract.
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).
