Making Money in Real Estate

1
(No Transcript)
2
Most people wonder how real estate agents make
money. The general idea that we have about the
earnings of a Telluride luxury real estate agent
is that it comes from the commission he gets from
the sale of Telluride Wilson Mesa properties for
sale. Nonetheless, home buyers normally don't
preoccupy themselves with issues concerning the
earnings of agents. However, it is important that
you have a general understanding about this
aspect of home buying as much as the money is
part of the total amount that you have to raise
to purchase golf homes for sale Mountain Village
Telluride.
3
Generally the person selling Telluride Hastings
Mesa properties for sale pays the listing broker
a percentage from the selling price. The listing
broker, on the other hand, share part of the
commission that he gets from the sales proceed
through the MLS with other participating brokers
who had contribution in bringing in the buyer of
any Mountain Village golf homes for sale
Telluride the cooperating broker in most
instances gets half of the entire commission.
4
If there is no cooperating broker who is involved
in a particular transaction, then the entire
commission goes to the listing broker. Hence, a
Telluride ski homes for sale transaction can
materialize without a cooperating agent if home
buyers come into the transaction unrepresented.
This is possible in cases where the listing agent
stands as the representative of both the buyer
and the seller. This is also applicable in
situations where the listing agent acts as
facilitator for a particular property transaction
who is not under the obligation to represent
either the home buyer or the seller of the
property.
5
In cases where the agent is also at the same time
the broker, there will no longer be any further
split up of the commission earned from the sale
of the property. The sharing of commission
between and among the brokers and luxury real
estate Telluride agents can be arbitrary although
in most instances new agents get 50 commission.
Agent's commission that is less than the norm of
50 is generally unusual in industry standards.
In fact, a seasoned Telluride luxury real estate
agent can earn as much as 60 to 97 as
commission for the sale of a property.
6
There are also instances where the commission
follows an accelerated scale and the percentage
increases with the number of Telluride Wilson
Mesa properties for sale that are sold through
the agent. There is also an arrangement between
the broker and the real estate agent where the
latter gets the entire split commission and only
pays the former a fee in lieu of a share in the
commission earned from the sale of the real
estate property.
7
www.tellurideareahomes.com