Real estate commission thoughts
Under this system, real estate commission amounts depend on sale price and are split at closing between the seller and buyer real estate brokers from the sale proceeds. Real estate commission amounts are set by the selling broker and tend to range between five and six percent of the selling price. Until now, this system has been the sole method for payment of broker services. Licensed real estate brokers now have the choice of offering their services for a flat rate instead of a percentage based real estate commission. The one time flat rate real estate commission system is referred to in the real estate industry as Flat Fee MLS (Multiple Listing Service) and allows the seller to list on the Multiple Listing Service and other public real estate websites for a flat fee paid upfront when you list.