Real Estate Term of the Day: Commission

Real Estate Term of the Day: Commission

COMMISSION – an amount earned by a real estate broker for services performed (Barron’s Dictionary of Real Estate Terms)

The commission amount is agreed upon between the client (either the seller or buyer) and their agent.  The rate is typically based on a percentage of the final sales price of the home.

If you would like more information about commission rates please contact me.


Add a comment...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s