How Real Estate Agents Get Paid: Understanding Commissions

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Real estate agents are typically paid on a commission basis, which can make the process of buying or selling a property seem confusing or even intimidating. In this video, we'll explain how commissions work and what you can expect when working with a real estate agent.

First, we'll discuss what a commission is and how it's calculated. In most cases, the commission is a percentage of the sale price of the property. We'll go over the typical commission percentages that you can expect to encounter when working with an agent.

Next, we'll explain how the commission is split between the seller's agent and the buyer's agent. When a sale closes, the total commission is divided between the two agents, with each receiving a percentage of the total amount. We'll provide an overview of how this process works and what you can expect as a buyer or seller.

We'll also discuss when and how real estate agents get paid. Typically, agents are paid after the sale has closed, and the funds have been disbursed. We'll explain how the payment process works and provide some insight into the timeline for receiving payment.

By the end of this video, you'll have a solid understanding of how real estate agents get paid through commissions. As a real estate group, our goal is to help demystify the process of buying or selling a property and empower you to make informed decisions. Whether you're a first-time homebuyer or a seasoned investor, this video is a valuable resource for anyone interested in the world of real estate.

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