real estate agent: Real Estate Commissions are NOT as Big as You Think
- 05/01/08 11:33 AM
I cannot count the number of times people have remarked to me that they believe that real estate commissions are too high. After all, why should someone pay 6% of the selling price of their property when the sales agent may have spent less than 20 hours dealing with the listing? Six percent of $200,000 is $12,000. For 20 hours of work, that's $600 per hour. From the seller's perspective, the commission amount seems huge. But real estate transactions involve several people, each of whom gets a piece of the pie. While the pie seems big, sometimes it ends up in … (4 comments)
I cannot count the number of times people have remarked to me that they believe that real estate commissions are too high. After all, why should someone pay 6% of the selling price of their property when the sales agent may have spent less than 20 hours dealing with the listing? Six percent of $200,000 is $12,000. For 20 hours of work, that's $600 per hour. ;)
;)
