When it comes to buying or selling a house, the majority of people turn to real estate agents for their expertise. In fact, nearly 86% of home buyers seek professional help to navigate the complex world of real estate transactions. The role of a real estate agent goes beyond just finding ...
How real estate agents are paid is shifting, thanks to recent litigation. Aly J. YaleFeb. 6, 2025 Most Undervalued U.S. Housing Markets The most undervalued markets to purchase a home continue to be located mostly in the Midwest and the East Coast. Patrick S. DuffyFeb. 5, 2025 10 Help...
If you’re working oncommission, which most real estate agents are, you likely won’t be bringing home the big bucks right away because you don't get paid until you close a deal. Michael and Rebecca Straley, Realtors with eXp Realty in Stafford, Virginia, recommend looking at your assets...
Agents in competitive neighborhoods may be more willing to negotiate. Earning an agent more business through referrals can also increase the likelihood of negotiations. How Real Estate Agents Are Paid Commission percentage splits vary among brokers, depending on the company policy and agent production....
Real estate is a different animal from other industries. Agents work on commission, not salary, so they only get paid when they sell a home. The most successful agents know the power of marketing and leverage it at every opportunity. Waiting for leads to magically appear doesn’t work, espe...
Short answer: Probably not. Real estate agents are paid when you sell your home, so if your home doesn’t sell, you shouldn’t owe them a commission. Long answer: Read the fine print. Generally, your contract with your agent is bound to a certain time period. Unless your contract says...
For those who are not real estate agents, getting access to MLS can be tricky but if you’re good at networking, you can find a realtor to help you out. A lot of real estate investors will make a deal with the realtor that in exchange for MLS access, they’ll let the realtor sell...
an associate broker and Realtor with Golden Gate Sotheby’s International in Berkeley, California. “If everything checks out, but you just don’t vibe with that person, don’t go with them. There are plenty of other real estate agents out there that will be happy to help you and might...
Most real estate agents make money through commissions based on a percentage of a property's selling price. (Commissions can also be flat fees, but that is much less common.) Agents work under real estate brokers, and the commissions are paid directly to the brokers. Given events in 2024, ...
After all, you want to seem as professional in your approach as possible. In March 2024, the NAR reached a proposed settlement to end the litigation that concerned how real estate agents were paid. If approved, the change could reduce significantly the costs borne by homebuyers and give ...