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

Greg Sheeler - Real Estate Professional

Greg Sheeler

Phone: 712.336.4967
Cell: 712.330.1573

Aaron Jones - RE/MAX Hall of Fame & Lifetime Achievement

Aaron Jones

Phone: 712.336.4967
Cell: 712.320.9442

Janie Eick - Real Estate Professional

Janie Eick

Phone: 712.336.4967
Cell: 712.339.0574

Brooke Stecker - Team Evans and Stecker

Brooke Stecker

Phone: 712.336.4967
Cell: 641.420.2172

Community Updates

RE/MAX Lakes Realty

My local expertise, experience in other markets, combined with the power and influence of RE/MAX, enables me to help achieve all your objectives in your home purchase or sale. Call me, Lynn Thompson to discuss today's Real Estate opportunities.

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Allure & Co.

Allure & Co. in Spirit Lake

Allure & Co. is a great one stop shop with many businesses all in one building! Home decor, rugs, furniture, lighting, a yoga studio, photographer, hair salon, massage and a coffee shop all under one roof! They offer so many great brands to provide some great shopping in the lakes area. The staff is very friendly which makes it a fun place to shop.

Real Estate and MLS Homes For Sale in Spirit Lake Find more about Spirit Lake Learn More Here

Lisa's Bake Shop

Lisa's Bake Shop in Spirit Lake

Located in Spirit Lake Lisa's Bake Shop offers a large selection of bakery items along with to-go deli items. If you are looking for something specific you certainly can call ahead and order a personalized cake or cheesecake or just stop in a grab some of their famous cinnamon rolls and caramel rolls. If you cant decide what to have for lunch or dinner stop in and check out their large selection of take and bake meals and soups. You will not be disappointed!

Real Estate and MLS Homes For Sale in Spirit Lake Find more about Spirit Lake Learn More Here

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