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commissions

Commissions can be charged by real estate agents, brokers, leasing agents – anyone selling anything. Learn more here about types of commissions and how you can get the best deal.

Will A Buyer’s Agent Try To Get The Best Price?

By Ilyce Glink| 2008-10-14T19:47:41-05:00 October 14th, 2008|

Home buyers wonder if their buyers' agent will try to get them the best price? They're concerned that since the buyer's agent gets a piece of the commission, they may not negotiate a tough deal. This Expert Real Estate Tips video discusses the issue.

Real Estate Agent’s Commission Can Be Reduced By Advertising Costs

By Ilyce Glink| 2008-08-28T00:00:00-05:00 August 28th, 2008|

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 and pay for gas and extra help.

Home Seller And Buyer: Negotiate Lower Real Estate Commission With Agent

By Ilyce Glink| 2008-08-07T00:00:00-05:00 August 7th, 2008|

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 commission.

Seller vs. Agent — From Today’s Show

By Ilyce Glink| 2008-07-30T21:39:00-05:00 July 30th, 2008|

We had a caller today who had gotten divorced in January and her neighbor (who turned out to be a real estate agent) said she had a buyer for her hous...

Buyer’s Real Estate Agent

By Ilyce Glink| 2007-11-29T00:00:00-06:00 November 29th, 2007|

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?

By GlinkAndTamkin| 2007-10-31T00:00:00-05:00 October 31st, 2007|

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 was inactive.

Broker Commission Part Of Contract

By Ilyce Glink| 2007-10-14T00:00:00-05:00 October 14th, 2007|

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

By Ilyce Glink| 2007-08-17T00:00:00-05:00 August 17th, 2007|

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. Even in a buyer's market, real estate agents earn their commissions because it takes a long time to sell property.

Contract Importance: Rebate Part Of Buyer’s Agent Commission Was Oral Agreement

By Ilyce Glink| 2007-07-13T00:00:00-05:00 July 13th, 2007|

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 often don't hold up in real estate law, unlike written contracts, and suggests using a real estate service such as BuySide Realty.

Broker Gets Commission At Closing

By Ilyce Glink| 2007-06-23T00:00:00-05:00 June 23rd, 2007|

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.

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