Do you have to pay commission if your home doesn’t sell? 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...
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Real Estate Agents Deserve Commission for Their Work
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Real estate agents earn commission by providing a range of services during a real estate transaction. Commission ensures homebuyers and sellers get the assistance they need during this process. Agents help search for sale properties, set the home price, market the listing, show the home to potenti...
Real estate brokeragesmay get a cut of the commission as well. The brokerage RE/MAX, for example, has a split commission setup by which its agents receive 95 percent of the full commission from the sale, and 5 percent goes back to the company. ...
Most real estate agents are paid through commissions. A single commission is usually split four ways—between the agent and the broker for the seller and the agent and the broker for the buyer. The commission split depends on the agreements the agents have with their sponsoring brokers. ...