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.
Knowing How to Get Deals Done - EP 136 - Real Facts on Real Estate
The Fall Market -EP 135- Real Facts on Real Estate
Earning That Commission -EP 134- Real Facts On Real Estate
Being A Listing Agent -EP 133- Real Facts on Real Estate
Offers Gone Wrong -EP 132- Real Facts on Real Estate
Follow Up Like A Boss -EP 131- Real Facts on Real Estate
Scheduling Your Time -EP 130- Real Facts on Real Estate
Take Control of Your Real Estate Career -EP 129- Real Facts on Real Estate
Finding Wealth in Real Estate -EP 128- Real Facts on Real Estate
Dealing with a Shifting Market -EP 127- Real Facts on Real Estate
Buying Leads vs. Marketing -EP 126- Real Facts on Real Estate
13 Lucky Places to Generate Leads -EP 125- Real Facts on Real Estate
The Truth About Being a Real Estate Agent -EP 124- Real Facts on Real Estate
Morning Rituals -EP 123- Real Facts on Real Estate
It's All About Leads -EP 122- Real Facts on Real Estate
Summer Market 2021 -EP 121- Real Facts on Real Estate
The Importance of Understanding Why -EP 120- Real Facts on Real Estate
Three Tips to Jumpstart Your Day -EP 119- Real Facts on Real Estate
Train Like An Athlete -EP 118- Real Facts on Real Estate
Stay in Your Lane -EP 117- Real Facts on Real Estate
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