Realtors®are one of the few careers where people do not get paid until the transaction is consummated. Think about it, would you work for weeks without a paycheck, knowing you will not get paid unless the task was completed? Most people see a big commission, let’s say 6%, and believe that agent receives the entire amount. Let’s say the property hypothetically is $200,000 and the commission is $12,000. What happens to that money? First of all, the commission is determined between the seller and the agent, no one regulates how much people are paid. Payment is usually … (2 comments)
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