Real estate commission A tutorial
The traditional model of real estate commission is that you sign on with a real estate broker that contracts a real estate agent and you pay a percentage of your selling price as commission. High quality agents will help you through everything. A traditional agent would deal with all the contacts, paperwork, visibility and legal stuff. While this might be useful to people who are not familiar with real estate, this does come at a cost. Depending on the real estate broker their commission could be as costly as seven percent of the selling price.