How Much Do Real Estate Agents Charge?
Many home buyers and home sellers are pretty reluctant to use the assistance of real estate agent services as they get intimidated by the fee they charge. But in reality, the charge is pretty nominal and what the agent gets to keep for his own can hardly qualify as a decent source of income, such a tiny amount of money it is. Real estate agents can help you pick out the right property in the right neighbourhood in the right price range or help to sell off your property quickly.
Real estate agent is a company that could advertise your property, bring you the price you wanted and hold open houses. They will also show your property and haggle for lower or higher prices, as might be the case. They will also take care of all the paperwork. There are plenty of reasons why you should hire real estate agent services like them and enlist their help. The money you pay for their services is therefore totally justified.
This means that whatever commission an agent gets for bringing in a homebuyer will be split between the agent and the broker. The broker has a share in the real estate agent’s commission percentage. In majority of the cases, however, the home seller is expected to pay the entire amount of commission required for the real estate transaction. But sometimes, the homebuyer also shares the bill for sale commission.
This is a reminder that real estate agents do not run off with the entire six percent commission everytime they sell properties. The amount is divided between the customer’s agent, marketing agent, selling agent and the broker.
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