July 13, 2024


Mad about real estate

Realtor Commission Fees

Many people wonder if their realtor should be paid their commission or give a credit back to them, well the answer is simple; do you want a junk car that is shiny and pretty on the outside or do you want a solid investment that won’t kill you in the end? Buyers agents get paid from the listing brokers. The listing brokers negotiate commission paid with the sellers at the time the listing is taken. Usually 6{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} of the total sale amount, that is split two ways between the agents.

Some sellers that want to keep all their profits and not get quality guidance from their agents could ask for a reduction in fee’s. However, agents do not get paid before a closing.They spend their own money on marketing, showing, detailed reports and it goes on. Now if a seller expects the agent to do all of this and not pay them what they deserve, the seller would be better off trying to sell their property in the dark with no guidance at all. A bad Realtor is just that… BAD. They can ruin a sale, give wrong advice, be selfish in pricing and not care about anyone but themselves. Those are the agents you want to steer clear of. Figure your boss telling you that your not getting paid that day because he wanted to save to buy a new car, what would you do? Yell, quit, report them? It is no different. After all, you go to work expecting to be paid what you agreed to when you got hired. Now why would sellers and buyers think any different with Realtors?

Agents may make more money at one time but there are several weeks and sometimes months of work and spending involved in a sale. Even more so for commercial sales so in reality they are getting paid as one would who gets a check every two weeks that has been held and held and held over a period of time and then released. What if your boss was to under pay you because they wanted a new car or something else? Would you allow that? Would you do the best you could? Then don’t under pay your agents! Agents that have their own proven success, not a team but an individual agent themselves, that is the one you should want to work with whether to list your property or to buy. This is a great time to sell and buy in real estate but be wise with your agent selections and pay them what they should be paid.