Real Estate Blog


Posts about real estate topics to help you succeed
Ask a Real Estate Expert

My realtor is charging a 6% to sell my house. That sounds like a lot of money. Does she get to keep all of that?

Nov 16, 2014
The most common answer to that question is no. In a typical residential transaction, the listing broker charges the full commission (in your case 6% of the sales price) which is split (usually 50-50 but not always) between the listing broker and what is known as the “procuring” (the broker who found the buyer) broker. Each broker then further divides the commission with the agents involved in the transaction, assuming they are different than the managing broker. Keep in mind that real estate agents mostly work as independent contractors underneath a sponsoring broker. This is very common among larger real estate companies. In going back to your original question though, your agent could be entitled to the entire 6% if she is a broker, does not practice under a separate sponsoring broker, and  she procured the buyer that purchased your home. In this case there is no other broker involved with which your listing agent must share the commission. Please remember both what a broker charges and how those commissions are shared varies greatly. Also be aware that broker representation laws and customs vary greatly by state and by market. Your best option is to be direct with your listing agent and ask her how the compensation will be split. You have a right to know.
NASE Social Media

res-footer-facebook res-footer-twitter res-footer-linkedin

res-footer-blog res-footer-huffpost res-footer-youtube

Related News...

A Guide to Becoming a Real Estate Agent
Are you considering a career in real estate? You are in good company; many Americans hold an interest in becoming a real estate agent. This is due in part to the fact that real estate sales can offer an incredibly lucrative career - if you put the work in. It can also be an attractive business because licensing requirements, while varying from state to state, due not usually require a college degree. If you are interested in learning more about how to become a real estate agent, then please read on.
Posted on Oct 19, 2021
How to Purchase a Home When You're Self Employed
Whether it&rsquo;s&nbsp;<a href="https://www.nase.org/about-us/Nase_Blogs/self-made/2019/04/12/how-to-start-a-home-based-business-that-works">a home-based business</a>, an eCommerce operation, or a brick-and-mortar location, many of us have made the dream of being self-employed a reality. However, along with self-employment comes unique challenges that influence business growth as well as personal development.
Posted on Jul 06, 2021
Key Things New Real Estate Agents Should Know
Once you&rsquo;re ready to start your new real estate business, it can be overwhelming. You&rsquo;re competing with people who have been in the business for a lot longer than you, and you may feel like there&rsquo;s no way you can possibly stand out. The good news is that you can, but it takes work and strategic thinking.
Posted on Nov 05, 2019
Want to see more news items?  Click here  

Related Videos...

1099 Reporting Requirements on your Real Estate Investment
Do you need to prepare a 1099 for the workers on your Real Estate investment?
Posted on Jan 10, 2018
Real Estate Investing and the benefits of being a home flipper
Flipping houses is one of the best real estate investment strategies you can have. Generate cash, short term venture, works in any market, part time work and flipping doesn’t require a lot of your own money.
Posted on Jan 10, 2018
Real Estate Investing; Single Family vs. Multi Family Property
Learn the pros and cons between investing in a single family property and a multi family property.
Posted on Jan 10, 2018
Want to see more related videos?  Click here  

Still Have Questions?

Ask The Expert

Courtesy of NASE.org
https://www.nase.org/business-help/get-help/real-estate/real-estate-blog/real-estate/2014/11/17/my-realtor-is-charging-a-6-to-sell-my-house.-that-sounds-like-a-lot-of-money.-does-she-get-to-keep-all-of-that-