How Is My Realtor Paid?

Like professionals in other sales-based industries, the Realtor pay structure is based largely on commissions derived from successful transactions. Here's how it works:

Seller's agent (or listing agent)
The sellers and their agent agree to a commission percentage, in which the agent’s payment is based on the final sale price. The amount will vary depending on the area and the agent.

Buyer's agent
At the close of the transaction, the seller's agent splits the predetermined commission with the buyer’s agent as compensation for delivering a buyer. This split is usually about half of the total commission.

 

For example, if a listing is listed with a 6% commission, the typical breakdown is 1.5% to the listing broker and 1.5% to the selling broker.  Then 1.5% to each agent.  Most brokers and agents spend a tremendous amount of money on marketing every year.  It takes a lot of money to sell a home.

Get In Touch

Local Expert Updates

Will Kretsinger

Cell: 712.301.4040

Aaron Jones

Cell: 712.320.9442

Community Updates

Beware the (I'll get your home sold in a week) agent

Beware the (I'll get your home sold in a week) agent in The

I hear this one all the time from prospects looking to list their house. "Well, agent xyz told us that if we listed with her, she'd have it sold in a week." This would fall into the category of "If it sounds too good to be true, the probably is." The majority of agents are not going to make this claim, but rather will give you an honest market analysis, inform you as to how weak or strong the market is, especially the market in which your home resides, and present the objective facts. A good agent will then lay out an effective marketing plan, where the majority of the focus should be on "online marketing". Be careful to not get caught up in empty promises, reduced commissions, and being talked in to lowering your price below market value (unless you must have a quick sale). The key to choosing a good listing agent is to objectively determine who is going to provide you the best opportunity to sell your home. Will your listing agent also aggressively work to find buyers, or will they just list your home and wait for another agent to do the work.

Boulders Inn

Boulders Inn and Suites promises to make your Okoboji vacation comfortable and relaxing. This new hotel just south of Emerald Hills golf course between Milford and Arnolds Park offers 40 rooms with suites to meet your individual needs. One of the best things about Boulders Inn is that it is within walking distance of the Taco House. For some of you, I know that can be a big deal!

Real Estate and MLS Homes For Sale in Milford

Taco House

One of a kind Authentic Mexican Cuisine right here in West Okoboji! A local favorite and rated five stars by visitors young and old. Be sure to put this as a favorite on your list of places to not miss when you are vacationing in the Lakes area. Close to Terrace Park so if you are feeling up for a small walk you may walk from Terrace Park to the Taco House.

Real Estate and MLS Homes For Sale in West Okoboji

Subscribe To Our Newsletter