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

Aaron Jones

Cell: 712.320.9442

Brooke Jones

Cell: 641.420.2172

Janie Eick

Cell: 712.339.0574

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.

Real Estate and MLS Homes For Sale in Big Spirit Lake Find more about Big Spirit Lake

Walleye Weekend

Walleye Weekend in East Lake Okoboji

Its almost here!!! Walleye Weekend marks the beginning of another great summer here in the Okoboji Area. Anglers from all over come to try and catch the prize fish. Our local DNR tag and release specific Walleyes while they are gillnetting in the Spring. Whether you are fishing from shore or by boat, you cannot go wrong. It is a great time to get the season started and check out the local restaurants. Maybe you will catch the big one. For more information about Walleye Weekend you can go to http://okobojichamber.com/events-calendar/iowa-great-lakes-walleye-weekend/

Real Estate and MLS Homes For Sale in East Lake Okoboji Find more about East Lake Okoboji

Emagine

Emagine in Spencer

If you're looking for a creative take on web design, Emagine is the company for you. Their innovative approach to custom web design is second to none. Not only do they specialize in web design, but custom photography, print design, programming, mobile development, inbound marketing, e-commerce, video production, and more. This team offers a fully customized experience for each client. Their unique ideas, and forward thinking are sure to blow you away.

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

Subscribe To Our Newsletter