Walk a Kb or Two in my Moccasins- Nobody 'splained it to me like that!

Simple answers to Complex Questions and Complex Answers to Simple Questions. In real life, I'm a Greater-Toronto (Canada) Realtor with RE/MAX Hallmark Realty Ltd, Brokerage. I first joined RE/MAX in 1983 and was first Registered to Trade in Real Estate in Ontario in 1974. Formerly known as "Two-Finger Ramblings of a Forensic Acuitant turned Community Synthesizer"

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Sunday, September 12, 2010

How do real estate agents get paid?

From Zoocasa " Ask the Pros"



Q ....How do real estate agents get paid?


A....Robert Ede

This is another "Backwards to First impressions" aspect of life ( and Buying/Selling Real Estate is the Quintessence of Life).



In a Seller's market, Buyers pay a premium over the Seller's net price objective which covers the commission.



In a Buyer's Market, Buyers are negotiated to the highest price possible and the Seller gets it's net proceeds after deducting the commission.



In both markets (in 95-99% of the transactions) the Buyer pays one "all-in" price on the agreement of Purchase and sale and the commission is paid from that sale price to the Brokerage(s).

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