 Is there going to be a house price crash in england? what do you think? |
| COULD we really see a crash in prices, or is it just likely to level out? I dont understand how a crash could happen given the level of demand for homes? am i wrong? i hope so!... |
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 Why is it not a good time to buy a home? |
i heard some where that it is not the right time to by a home
or get a loan
why is ... |
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 Can you be an estate agent if you you have a police record for criminal damage? |
| An estate agent smashed my window because my baby was crying. Should I procecute in the hope that he would lose his ... |
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 I just want to rent out a room in my apartment who do i do that or were do i go to plese help? |
| one room 4 rent must have income and no pet or children. You have use to the bathroom kitchen you buy own food. tv, cable,heat,A.C.... |
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| She says she does not have the money to pay rent and that she would be leaving next weekend. I asked her to leave by this weekend and now she refuses to leave without me taking her to court. What ... |
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 Please help me understand? |
When you sell your home how soon do you get the payment for your home from the bank!?
Additional Details
My grandparents both passed away and there home was to be sold and divided ... |
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| In my lease it said they would not be liable if something happened due to mold and yes I have learned my lesson to read fine print. I think it might be black mold and I have been sick since we moved ... |
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 Making offer for a house? |
| My husband and I are purchasing our first home. It is 1 story, slab-not basement, 3 bedroom, kitchen, living room, attached garage, and medium sized fenced yard with shed. It is siding with some kind ... |
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 8020 Home Loan?? |
| How exactly does an 8020 Home Loan work??? IS it least favorable option??... |
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 Living in Illegal apartment and getting 2 months to move out with toddler?? Can we get more time to move? |
| My husband and I with our 1yr old son live in an illegal attic apartment... When we moved in we didn't think it was illegal until our friends told us it was when we have already moved in. (we ... |
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 My house has been on the market since march 2006 and wont sell and has had about 2 pathetic offers? |
| i have dropped the price from 450 000 to 399 000 and changed real estate agent once alredy ,the agent im with now seems pretty good though they do what everi want them too and are advertising the ... |
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 Then tenant signed a lease to rent our home on 1/13/07. When we cashed the depoist check? |
it BOUNCED. We gave him the keys already on the 13th since the home is in TN and we live in VA. We've given him over a week to get us a new deposit check, but we haven't gotten it.
Is ... |
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 I want to pay off my mortgage, do I need to get a lawyer or should I get in touch with the bank directly? |
| I've decided to pay off my mortgage from money that I've inherited instead of investing in something else as it's more beneficial for me to pay it off and live comfortably off my ... |
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 I want to buy a house or a condo, how much of my monthly imcome should it be? |
If my monthly income is 10,000 what percent of that should be dedicated to a house? Is there a specific percentage?
Additional Details
Is the 30 Percent BEFORE or AFTER taxes?... |
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 Landlord notified me of a mandatory inspection 4 days in advance. Am I legally obligated to let them enter? |
| I live in an apartment in Oklahoma City, OK. They set the date of the inspection, and it is while I am at work. Do I have the right to refuse the inspection or at least set my own date for when I ... |
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Ludwig C | How realtor and broker make their commisions? thanks? |
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virgowiccangirl
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well from what i understand they make comission. and the appraisers have a flat fee per type of house, same w the inspectors. the realtors usually make between 2-3%, but i dont know about how much the brokers make. probably about the same persentage. |
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Right on
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A Realtor works for a Broker. The Realtor represents either a buyer or a seller.
As an example if the Realtor represents the Buyer and the Buyer buys the property. The sale is made and the Broker and Realtor split a 6% commission or ?%. The seller has to pay the commission in most cases to his Broker and Realtor of 3%. |
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yooperpooper
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you pay for it dude |
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DanE
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Commissions on sales are the main source of earnings of real estate agents and brokers. The rate of commission varies according to whatever the agent and broker agree on, the type of property, and its value. The percentage paid on the sale of farm and commercial properties or unimproved land is typically higher than the percentage paid for selling a home.
Commissions may be divided among several agents and brokers. When the property is sold, the broker or agent who obtained the listing usually shares the commission with the broker or agent who made the sale and with the firm that employs each of them. Although an agent’s share varies greatly from one firm to another, often it is about half of the total amount received by the firm. Agents who both list and sell a property maximize their commission.
Income usually increases as an agent gains experience, but individual motivation, economic conditions, and the type and location of the property also affect earnings. Sales workers who are active in community organizations and in local real estate associations can broaden their contacts and increase their earnings. A beginner’s earnings often are irregular, because a few weeks or even months may go by without a sale. Although some brokers allow an agent to draw against future earnings from a special account, the practice is not common with new employees. The beginner, therefore, should have enough money to live for about 6 months or until commissions increase. |
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kreale_78
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By selling a piece of property. |
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Reaper King
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realtor - percentage of the house value
broker/loan officer - usually a percentage of the fees charged to you on your loan. |
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Brian Da Dog
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A realtor will agree to represent the seller for a portion of the sale price...usually 6 or 7 percent. The selling realtor will list the property into the database realtors use (MLS) along with how much her listing rate is. The buyers agent will split this amount with the selling agent. If the agent is private then they get the entire portion. If they belong to a national brokerage, then half goes to the national brokerage. |
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dragonfly_3
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Every deal can be different, but here is plain vanilla by the book transaction:
In a typical transaction, there are 2 agents working for 2 different brokers. A typical commission on the sale of a property is 6% of the selling price, the commission comes out of the price of the house (seller is paying the full 6% commission, buyer pays no commission).
Of that 6%, it is split between the 2 agents and the 2 brokers. Brokers get the 3% and turn around and "pay" the agent 1.5%, so in this transaction, each party gets 1.5% As you can see, it pays to be the broker! They will get 1.5% of each and every sale or listed property that any of their agents help a customer buy or sell. They don't have to be directly involved to get the commission. They automatically get it as the broker because they are responsible for the actions of their agents and must know the laws. If an agent royally screws up it can jepordize the broker's license also.
If agents are smart they will go for their broker's license as soon as they can and set up their own little empires. |
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ric6k9
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they bump up the price to increase there commission |
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quirkyk
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Broker is the same as realtor, except broker has a more specialized license then a realtor (they took another test for a higher license). It is commissioned based. If a person sells a house, they get a certain percentage of the sale price. It's decided in your agency or with your clients what that percentage will be. |
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hugh.G.rection
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they make commissions off a percentage of the purchase price (Realtor) or a percentage of the loan (Loan Broker)
Realtor and broker can be the same thing. |
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