In real estate it is often confused as to who really pays the commission. The truth is it can come from a lot of different people and can be argued a lot of different ways. If we look at the 1099s on most sales it seems the listing brokerage pays the buyers brokerage based on the listing brokerage's contract with the seller. Now that said there are times this does not happen.
Some transactions the buyer pays their agent direct per the contract that they are in with their agent. This allows their agent to show them any home and know they will be paid regardless of what the listing brokerage or seller is offering. That is right I said seller is offering because some for sale by owner listings offer compensation to agents that bring buyers.
The truth is no other industry has so many variables in how and if they get paid. We as real estate agents are used to our pay being challenged and clients asking for discount. To tell you the truth that is why they hire us. We are master negotiators and will always be. By no means does this episode give legal advice but it does impart a lot of little known facts about real estate commissions. Listen today and jump in the Facebook group to talk about it.
7 Things to do to Prepare for a Home Showing - EP178 - Real Facts on Real Estate
Preparing a Listing To Go Live - EP177 - Real Facts on Real Estate
Scams Directed At Real Estate Agents - EP176 - Real Facts on Real Estate
Preparing for The Market Ahead - EP175 - Real Facts on Real Estate
Choosing a Brokerage to Hang Your Real Estate License - EP174 - Real Facts on Real Estate
Building a Real Estate Brand - EP173 - Real Facts on Real Estate
Offer Deadlines - EP172 - Real Facts on Real Estate
Helping Clients Make Decisions - EP171 - Real Facts on Real Estate
The Impact of Energy Costs on Real Estate Agents - EP170 - Real Facts on Real Estate
Interest Rates and Your Pre-approval - EP169 - Real Facts on Real Estate
Leveraging Off of Sales - EP168 - Real Facts on Real Estate
Marketing a Listing - EP167 - Real Facts on Real Estate
How to Get Your First Client in Real Estate - EP166 - Real Facts on Real Estate
Guiding Your Clients to The Perfect Price - EP165 - Real Facts on Real Estate
What Does it Mean to Hang Your Real Estate License - EP164 - Real Facts on Real Estate
Important Decision Making Skills - EP163 - Real Facts on Real Estate
Using a Home Sale Contingency - EP 162 - Real Facts on Real Estate
A Marketing Guide for Real Estate Agents - EP161 - Real Facts on Real Estate
Interactions Lead to Transactions - EP160 - Real Facts on Real Estate
5 Real Estate Skills a Top Producer Must Have - EP159 - Real Facts on Real Estate
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money