Carlos Cornejo's Blog
20
Sep

Who pays the commission?

WHO PAYS THE COMMISSION?

Compensation of real estate agents, in the majority of transactions in South Florida, is carried out in the following manner:
The transaction involves two officers: the one that represents the seller and who represents the buyer and is the seller of the property responsible for paying the Commission.

HOW MUCH IS THE PERCENTAGE COMMISSION STANDARD?

In South Florida, is generally six percent (6%) on the sale price and is frequently divided into equal parts between both actors (which represents the seller and representing the buyer)

THE BUYER PAY COMMISSION?

The purchaser of the dwelling in the vast majority of cases do not pay any Commission real estate agent.

AS A SELLER, CAN I SAVE THE COMMISSION?

89% of all vendors use the advice and help of a real estate agent. Only 8% of all vendors, trying to sell the property on their own (known as For Sale By Owner), without hiring a real estate agent based on the belief of well saves six percent (6%) of the Commission.

However, it is important to take into account:

  • According to national statistics, the price that attains the "For Sale By Owner", is one 19% lower that manages a real estate consultant, which means that the seller manages to win 13% (19% less 6% Commission) more than what had been achieved if it had sold without attended it a real estate professional ncia.
  • Cost of print advertising (leaflets, brochures, "open-houses"),
  • Sale price estimation and monitoring of market
  • Selection of potential buyers
  • Coordination of visits
  • Legal implications as a seller
  • Security and time that prevents it any stressful situations and risk to his person and his family group.
  • Taking into consideration that the decision of a real estate transaction, it is one of the most important in a person's life, is what we recommend to ensure not only hire a "realtor", if not a counselor with a team capable of providing advice legal, financial, estate and tax that you need.

 



Carlos Cornejo
3371108
Mobile: 7862509463
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Luxur Realty LLC
2786 NW 79th Avenue
Doral, Fl 33178
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