If I am selling a house for $35,000 and the buyer is getting a loan for $10,000 more ($45,000), which number should the agent commission fee be based off of? the $35k or $50k?
What regulation would I find this information? When I go back to the agent, I will need to site a good source. Saying I got it off "yahoo answers" doesn’t sound that good.
The commission is 6%, but that’s not really a factor in what I’m asking about in this question.
The commission is always based on the Sale price.
Always look at the agents listing agreement or ask the agent. Sometimes agents split the fee, sometimes the keep the whole fee. Some agents take 7%, some split that 7% with another agent and they each take 3.5%.
And in some cases, You can ask an agent to just not take their commission. I don’t know how but I have heard there are ways around it.
But if they helped sell the property, they should be paid because it’s the right thing to do.
The commission is based on the Sale price, but check with the agent.
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Real estate for sale at 3905 Latinne College Station Texas 77845 – for more info visit http://vt.realbiz360.com/Listing-323844.html
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Some of the best of the best in the real estate industry are named as winners of the major 2009 Coldwell Banker Real Estate awards.
http://www.coldwellbanker.com
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http://live.pirillo.com/ – I asked a room full of Pacific Northwest real estate agents if they had heard of (or used) some popular social networking sites…
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Cool comedy with parady of real estate drama
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Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help agents combat the “doom and gloom” messages of the national print and television media with real information on real estate.
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All commissions are negoitable and some brokers may have a menu of services, that could include an hourly rate, this may also be true with a real estate attorney.
Remember what you are paying for is a level of service and in the end results.
I would personally interview multiple brokers and ask the tough questions,
1. How long have you been in business.
2. I would like to see a list of your personal solds in the past year? in my neighborhood?.
3. Can I see your website?
4. What professional designations to you hold?
5. Give me an multiple examples of your marketing such as realtor.com, local media,
6. Do you promote in an extended area and if you do, give me an example.
7. References from your last 6 Sold’s
What I suspect is the cheapest will be limited in the answers from the above.
Real Estate is much more than placing a sign in front.
This is 2/4 of one of my favourite bands Sunny Day Real Estate playing the song “The Ocean” of their album “The Rising Tide”.
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Does anyone know how to become an agent or has any adive about the process?
If I wanted to become a nurse then i would go into nursing but I don’t so your answer will not help but thanks for the suggestion. I am not sure this is what I want i am just looking for more information. Right now I think its a good time to take classes and learn about it since it is slow.
Heather, there are several ways in which you can get your real estate license. The State of Illinois gov’t website can direct you to it’s real estate division which should list licensed instructors and/or places where you can take courses. Check your local colleges, many of them offer real estate courses. In our area, it is often advertised when classes will start(there are many people who are licensed instructors who hold classes in places other than college campuses. I took my course at the local high school). You might even contact the Illinois Association of Realtors. The market is pretty yucky right now, but there sure are a lot of foreclosures being listed right now! To begin, you will have to pay for class and to take the state test. On the upside, these expenses are tax deductable, as would be your mileage. Best of luck!