Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How do commissions work in a real estate transaction?

April 26, 2017commissions Real Estate transaction

0

Posted

How do commissions work in a real estate transaction?

1 Answer

0

Posted

For the typical real estate transaction the agent representing the buyer is given 2% – 3% of the purchase price from the seller for the buyer (you) closing on the home. Now that the internet brings these homes to you and you do more of the work, MrBuyer.com feels you should get a larger portion of this commission. The small portion that is left after paying your commission goes to MrBuyer’s expenses for assisting you.