What about Commission? - where does a real estate commission go?

Twin Cities Market

HOMESMSP Update - weekly email market update and newsletter

THE THING - current interactive housing market analytics

Monthly housing market updates for 350+ Twin Cities communities

Quarterly Foreclosures & Short Sales Report

Annual Twin Cities Residential Real Estate Report

MN-state-seal Public property records

Free Guides

First-time homebuyer guide

Twin Cities relocation guide

CLICK HERE to order

Free Market Analysis

Free comparative market analysis of what your home might sell for in today’s market, done by a real person

CLICK HERE to request

Search over 200 pages of real estate information at HomesMSP.com

WWW
HomesMSP.com

A portion of every transaction donated to HABITAT FOR HUMANITY

Your Life.

Your Place.

dream...plan...live

improving quality of life and the health of the planet by radically reducing the use of chemicals in cleaning and personal care

What about Commission?

Although there may be different forms of compensation for brokers and agents representing buyers and sellers in real estate transactions, they are most often paid based on a percentage of the sale price of the property... a commission.

Part of the listing contract is setting the commission that will be paid upon successful closing. This commission is generally divided four ways: among the listing broker, the listing agent, the selling broker and the selling agent. The contract with the seller indicates the total commission; the MLS listing indicates the portion of that commission to be paid to the selling broker/agent (the agent representing the buyer).

In a FSBO transaction, the homeowner is acting as listing agent and usually pays a commission to the selling agent/broker, if one is involved in the transaction.

[HOME] [BUYING A HOME] [SELLING A HOME] [Homeselling Process] [What about Commission?] [Buy or Sell First] [City Inspections] [HomeValues] [What Is My Home Worth?] [Selling for the Best Price] [What is Staging?] [For Sale By Owner] [Seller Agency] [Seller Arbitration] [Reasons to Use a Realtor] [FEATURED LISTINGS] [TOWNHOUSE COMMUNITIES] [SENIOR HOUSING TRANSITIONS] [COMMUNITY & SCHOOLS] [MOVING / MISC RESOURCES] [FREE INFORMATION] [ABOUT US] [CONTACT US] [MY CLEAN LIVING]

RE/MAX Results - Minneapolis/St. Paul, Minnesota - 800.875.6001

Awarded Super Real Estate Agent by Mpls/St Paul Magazine for outstanding customer satisfaction

A portion of every transaction donated to HABITAT FOR HUMANITY

HomesMSP.com provides real estate information for first-time homebuyers, relocation buyers, and move-up buyers in the Twin Cities metropolitan area of Minneapolis and St. Paul, Minnesota. We also offer resources and services for people age 55+ in third age transitions and senior housing transitions, guiding homebuyers and homeowners through the process of selling and buying a house, townhouse, townhome, condo or coop at any stage in life. Get a real-time market snapshot of the real estate market in your area, a free comparative market analysis (CMA) of the value of your home, email notification of listings, daily real estate news. Whether you spell it ‘Realtor’, ‘Relator’, ‘Realator’, ‘Realitor’, ‘Realter’ ‘Realty’, ‘Reality’ or ‘Real Estate’, we’re here to answer your questions and help guide you through the process of buying or selling a home or relocating to the Twin Cities of Minneapolis and St. Paul, MN.