How Real Estate Commissions Work: What Buyers and Sellers Need to Know
Introduction Most have heard of real estate commission if they have ever bought or sold a house, but the mysterious fee begs a question: Is it really worth the cost? How does this come into calculation, and who is supposed to pay it? Real estate commission is among the highest costs that will arise in the transaction of real estate, and how this works can make the selling or buying process of a house smooth and less stressful. Let's dive into how real estate commissions work and give you a few insider tips to get the most out of your investment. Don’t miss out on this invaluable resource! Order your copy of Real Estate Issues What is a Real Estate Commission? The real estate commission is a fee taken by a real estate agent in connection with their services to sell or buy a home. Usually, it is some form of a percentage regarding the home's final sale price and is split between the buyer's and the selling agent. It compensates the agents for time, marketing effort, negotia...