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How does commissions work?

Commissions are how real estate agents make money. The seller signs a listing agreement accepting to pay the commission fee after closing. Once closed, they pay the negotiated commission or fee of the home sales price to the listing agent and buyer’s agent. That percentage is not for each agent but for both to split. Then, they have to give a percentage of their half to the broker they work for. Agents do not get paid unless they close on a house, so doing the best they can to please the client is very important. It is always about working in the best interest of the seller and buyer to ensure the house is sold and commission is made. 

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Our agents write often to give you the latest insights on owning a home or property in the local area.