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

Charlie Leissler

Cell: 712.229.9809

Janie Eick

Cell: 712.339.0574

Greg Sheeler

Cell: 712.330.1573

Aaron Jones

Cell: 712.320.9442

Community Updates

Taco House

Taco House in Milford

A home town favorite! The Taco House is a hidden gem in the Great Lakes area. If your looking for delicious Mexican food give this a try. Taco House is not open during the winter months but you are able to put in a freezer order before they close to satisfy your craving on those cold days. Whatever you decide to order don't forget the Taco House hot sauce, you won't be disappointed.

Real Estate and MLS Homes For Sale in Milford

Big Acai Bowls

Big Acai Bowls in Okoboji

Welcome to Big Açaí Okoboji, a local food truck offering healthy sorbet based bowls topped with granola, fruit, seeds/nuts and more. Go to their Facebook page: Big Açaí Bowls - Okoboji for their weekly locations/days/times.

Real Estate and MLS Homes For Sale in Okoboji

Spencer Golf & Country Club

Spencer Golf & Country Club in Spencer

Spencer Golf & Country Club, established in 1919, is a Semi-Private Golf Club featuring its well manicured 18 hole championship golf course and full service restaurant experience. Outstanding membership rates are available to residents, non-residents, and corporations. If a membership isn't right for your needs, non-residents of Spencer are welcome to play anytime that the course is available, as often as you would like. If you are looking to host a corporate outing, organization fundraiser outing, or group golf outing, look no further than Spencer Golf & Country Club. We can accommodate groups as big as 200 golfers and more with all the professional golf tournament services. The Country Club is also an excellent choice for your next business meeting, banquet, or wedding reception.

Real Estate and MLS Homes For Sale in Spencer

Subscribe To Our Newsletter