More Reasons Why Your House Won't Sell
If you are getting the showings, but your house won't sell, what should you do. Make sure that you understand the listing price of your home and that it is competitive with other homes. Make sure that the condition of your home is in as good a shape as possible. While you can't change the location…
Six Reasons Why Your House Won't Sell
The housing market is still slow, but some homeowners are selling their houses. You may ask "why my house won't sell?" If you're a buyer who is having trouble selling your house, there may be a reason why you can't sell, but your neighbor down the street just sold their house. Make sure your house…
Typical Broker Commission Rates
The average commission for a real estate broker is 5.1 percent of the transaction. If a home is difficult to sell, you’ll usually pay a higher commission. One option is to try selling the home yourself and saving on a seller’s commission all together.
Real Estate Agent's Commission Can Be Reduced By Advertising Costs
A real estate agent writes that real estate commissions are reduced by real estate advertising costs. The real estate agent describes other costs that lower real estate commissions more. In addition to real estate advertising costs, real estate agents may have to split commissions with other agents…
Home Seller And Buyer: Negotiate Lower Real Estate Commission With Agent
Learn how to negotiate a lower real estate commission when using a real estate agent. A recent survey from Consumer Reports indicates that real estate agents are open to negotiating lower real estate commissions. In some cases, the buyer's agent and the seller's agent split the real estate…
A home buyer wonders whether to hire a buyer's real estate agent. Some buyers think they can pay less without a buyer's real estate agent. Sellers pay buyer's real estate agents so there's little downside for a buyer.
Real Estate Agent Can Collect Real Estate Commission If Inactive?
Is a real estate agent with an inactive license able to collect on a real estate commission? The real estate agent's boss agreed to pay her the commission and then backed out of the deal. Ilyce and Sam explain to the real estate agent whether she can collect a real estate commission even though she…
Broker Commission Part Of Contract
Commission paid to real estate agents is negotiable. Ilyce helps this home seller understand the broker's commission as described in her contract.
Realtors' Commissions In A Changing Market
While the average commission for a real estate agent used to be 6 percent, or 3 percent per side of a transaction, the average commission rate has dropped significantly over the past few years. One reason is that the cost of doing business as a real estate agent has increased along with competition…
Contract Importance: Rebate Part Of Buyer's Agent Commission Was Oral Agreement
What happens if you make an oral agreement, instead of a written contract, where the agent would rebate part of the commission in the purchase of a condominium? If the agent does paying the rebate, then you don't have a written contract to back up your claim. Ilyce explains that oral agreements…
Broker Gets Commission At Closing
Real estate agents are often active real estate investors because they're in a position to see a great piece of property almost before anyone else. Agents will get their share of the commission at the closing, which is akin to a slight discount for the agent.
Broker Fee Latest Trend In Real Estate
The latest trend in real estate seems to be buyer's brokers asking a broker fee on top of the commission. Buyers shouldn't agree to pay an extra fee on top of the commissions the broker is receiving. Some real estate agents acknowledge that if they receive a split of a 6 percent commission, they are…
Real Estate Agents And Lockbox Use
When a real estate agent uses a lockbox on a property - is the seller receiving subpar service? Many real estate agents use lockboxes on properties so that the seller or agent does not have to be present when a home buyer wants to tour a house. But others believe agents should try harder to attend…
Home Seller May Need To Pay Buyer's Agent
A seller is selling her home by owner, but an interested buyer has an agent insisting on a commission. The for-sale-by-owner seller isn't required to pay the agent, but could lose the sale if she refuses. The buyer must decide if a half commission is worth getting the home sold.
Real Estate Minute: Sell Your House With Extra Incentives
Real Estate Minute with Ilyce Glink Want to sell? Give away a car Original Air Date: August 3, 2006
Real Estate Agent Wants Home Equity Information
As you're looking for a real estate agent to sell your home you may interview some that will ask you questions about how much equity you have in your current home. While it is none of the business of the real estate agent, the agent may be seeking reassurance that she or he will receive their real…
Listing Agreement Is The Key To Agent's Commission
A home seller dismissed their original agent only to have their new agent work with one of the original buyers. What agent gets the sales commission? The listing agreement or termination agreement will clarify which agent gets the commission for this home sale.
Real Estate Commission And Protected Buyer List
When you're looking to buy a property you may end up on a "protected buyer" list. When a listing contract ends, the listing real estate broker wants to make sure the seller does not contact any of the people the listing real estate broker showed the property to and deprive him of a commission. If…
Home Sellers Can't Pay Commission
A home seller fires their real estate agent because they discover they will not be able to cover their closing cost and commissions. Commissions are typically paid out of the closing proceeds from the sale of the property. A buyer or seller probably can't get a loan to cover closings costs and…
Leaving Agent For Home Sold By Owner
It happens to many agents. They work with a family to buy a home and the buyer ends up purchasing a home without the agent, resulting in a lost commission. Here's what to do if you wish to purchase a For Sale by Owner home after working with an agent.
Home Buyer: Request Real Estate Agent's Commission Share In Writing
If you're buying a home and your real estate agent promises you a share of the commission when you close, be sure to get that agreement in writing. If home buyer doesn't get the promise of a share of a real estate agent's commission in writing, and the real estate agent doesn't follow through…
What Is A Broker's Commission?
If you are using a broker to sell your home, you should know what it has to cost you.
Renting A Home Better For Short Term
When relocating to a new city, should you buy or rent? It depends on how long you will live in your new city. If you're relocating for only a short time, it's better to rent a home. Buying may make sense if you buy a fixer upper and repair it to increase its value.
Complex Real Estate Transactions: Home Swapping?
Talk about complex real estate transactions! A reader is considering selling a home to a buyer with bad credit and a nice home. Is there a way for them to simply swap homes and avoid real estate commissions?
Life Insurance Can Be Whole Or Term
When you're buying life insurance you have two main choices: whole life or term life. Another phrase for whole life insurance is universal life insurance. When you buy whole life insurance you pay the insurance agent a commission upfront. Term life insurance works differently -- you can buy a new…
