Like the video says – real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction.

When one agent represents the sellers and another represents the buyers the commission is typically split between them.
In the US, real estate commissions are commonly 6% of the transaction usually 3%/3% when split.

No government or industry body sets commission rates.  Legally, commission rates ARE negotiable.  However, remember that agents only earn their commission on successful sales.

Consider the work you want them to do for you to evaluate the value you should put on the commission they earn.

TitleTap

TitleTap

TitleTap provides turn-key websites and marketing tools like Video, Social Media Management, and Email Marketing for Title Agents and Real Estate Attorneys. Get more great marketing tips like this specifically relevant to Real Estate, Title Insurance, Mortgage Lending, and Law by subscribing or visiting our blog above.
TitleTap

Related Post

TitleTap Releases Accessibility and Chatbot Widgets, Improves Page Speed Tampa, FL: TitleTap, the leading provider of websites and marketing tools for title companies and law firms, announces the release of new features for both new and existing customers. The new features include: an artificially intelligent chatbot widget, improved website accessibility to help those ...
What Makes Up Closing Costs? http://fwd4.wistia.com/medias/ev8x0zinxs?embedType=iframe&videoFoam=true&videoWidth=640 What you’ll see in this video is, there may be closing costs customary or unique to a certain locality but closing costs are usually made up of the following: Attorney's or escrow fees (Yours and yo...
Closing Costs Explained Visually http://fwd4.wistia.com/medias/579osnfdsf?embedType=iframe&videoFoam=true&videoWidth=640 Purchasing a home is exciting. Once escrow begins, the excitement can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Closing costs si...
Don't Go At It Alone. Download The Free PDF!"10 Uncommon Questions to Ask Before Hiring a Web Designer"

All websites are not created equal! Download a free PDF with all of the questions you need answered BEFORE hiring a web designer.

Download Now