Understanding how realtors get paid is important for both buyers and sellers. Commissions are not set by the National Association of Realtors or any state commission. They are always negotiable between you and your realtor. You should know exactly what you are paying and for what services you’re paying for.
Most home sellers pay the commission to their agent who then pays a portion of that commission to the buyer’s agent. The standard commission in the U.S. is between 5% and 6%. Buyers can also help pay the commission so that the financial burden doesn’t fall squarely on the shoulders of the seller. These commissions are ALWAYS negotiable.
When you sell a house, you usually hire a real estate agent to help you. Sometimes, there is also another agent who helps the person buying your house. Cooperative compensation is a way to make sure both agents get paid for their work.
Here’s how it works: The person selling the house (the seller) agrees to pay a certain amount of money called a commission. This commission is shared between the seller's agent and the buyer's agent. This helps both agents to sell the house and to make sure everything goes smoothly.
My 4% and 6% packages offer different commission levels to attract buyers and help sell your home. I can help you decide the best strategy for paying commissions.
Commissions are a fee you pay to real estate agents when you sell your home. Usually, this fee is a percentage of the home's sale price. For example, if you sell your house for $300,000 and the commission is 5%, you would pay $15,000 in commissions.
This means you keep less money from the sale. However, having an agent can help you sell your house for a higher price. Homes sold with an agent usually sell for more money than those sold by the owner alone, so you might end up with more money even after paying the commission.
You should have the freedom to choose how much you want to be involved in the selling of your property.
Whether you prefer the peace of mind that comes with working with a licensed realtor, or you are looking to save some money by taking on some duties usually handled by an agent, BridgeTown Realty has a commission package that fits both your needs and your budget.
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BridgeTown Realty is an equal housing opportunity provider. I do not discriminate on the basis of race, color, religion, sex, handicap, familial status, or national origin.
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise 'any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation or discrimination.'
John Pavlicek is a licensed real estate agent in the State of Colorado. License number: 100094194.
BridgeTown Realty is a licensed real estate brokerage in the State of Colorado. License number: 100105412