Low Commissioned Real Estate Business Works

A Briefing about How Low Commissioned Real Estate Business Works

When we talk about paying the real estate commissions, most of the time we find out that the seller of the property pays out all of the commissions. How it works out, believe it or not, it's the commission when comes to be paid again is negotiable. But what happens most of the time is whenever someone decides to sell their home, they're interviewing agents and they're deciding who's going to represent them.

They determine what the as far as commissions go they're willing to pay this listing real estate agent so it may be four percent and maybe five percent. All of this stuff is negotiable now this is important to remember because if someone comes up to you and says "you know standard real estate fee is six percent and I refuse to work for anything less". Well, they're kind of lying to you they may refuse to work with you if you don't pay them six percent. But it's not standard it doesn't have to be that right. I recently did a deal in a very low commission real estate which was as low as just four percent and we'll get into how that split up here in a second. But just understand that it's not a set amount there can be a flat fee and there may be a percentage basis.

It's entirely up to the agreement you have with your listing real estate agent but to make things simple at least let's look at what it would look like with a 6% deal. So, what happens is that you were going to pay the real estate agent six percent of the sales price to help them to help facilitate this transaction of selling one of your most beautiful Barrie homes for salenow. It's not like that real estate agent, the selling real estate agent gets all six percent. What happens if they agree with the buying agent to share that commission. So if it's going to be what happens most of the time which is they split it down. That means that the buying real estate agent gets three percent and the listing agent gets the three percent as well.

Author Resource:-

Rick advises people about real estate, property investment and affordable housing schemes. Visit this website if you are looking Barrie homes for sale.