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

Janie Eick

Cell: 712.339.0574

Greg Sheeler

Cell: 712.330.1573

Community Updates

Consumers Lumber Company

Consumers Lumber Company in Spencer

Consumers Lumber Company is the only locally owned and operated building center in the area. They have been proudly serving the best builders and homeowners with the best materials and services since 1906.
They have locations in Spirit Lake and Spencer Iowa with a complete line of building materials and builder’s hardware. They also have full showrooms of millwork, stone, decking and cabinetry.
Dollars spent with Consumers Lumber stay in Dickinson and Clay counties. They support all the area schools and youth organizations along with several other community charities. Consumers Lumber Company is also very proud of the fact that their 15 employees have over 200 years of combined service to our company and that they all live, shop and play here.
They offer timely and accurate project bids and drawings to better serve the areas builders and homeowners. They also provide free and fast delivery to the four county area.

Real Estate and MLS Homes For Sale in Spencer

Solma's Punkin Patch

Solma's Punkin Patch in Sanborn

Solsma's Punkin Patch began in 1999 as a way to make a little money for the Solsma kids' college education and it has continue to grow and evolve. Fireworks sales from June 1 to July 8 and in December. Pumpkin sales from Labor Day to Halloween. Fall produce of all kinds, country store, corn maze (weather permitting). Ruby Red Popcorn and Drug Free Beef available year around. Call or stop by the the store in the off season. Located 4 miles east of Sanborn, Iowa on Hwy 18. www.solsma.com 712-729-3174

Real Estate and MLS Homes For Sale in Sanborn

Terrace Park

Terrace Park is located in Brown's Bay on West Lake, Okoboji. It is one of the largest public beaches on West Lake and has entertained beach goers for many years. Next to Terrace Park is Boys Town out of Omaha, Nebraska. I remember as a kid spending entire days at terrace park, either riding bicycle or taking a moped (yes a moped) down to meet with friends and playing king on the dock. In 2010, the morning after "the storm", Terrace Park was carnage. Boat were stacked on top of each other. Trees were uprooted, and hoists were tossed around. Boats and other water craft were found in Terrace Park that belonged to owners on the North end of West Lake.

Real Estate and MLS Homes For Sale in West Lake Okoboji

Subscribe To Our Newsletter