Traditional real estate agents are usually paid on a commission fee structure that is typically around 6% of the home sale price, with half (3%) going to the buyer’s agent and the other half (3%) going to the seller’s agent. However, how real estate agents get paid or rather how much they get paid is up to the seller and the buyer. In every contract representation contract, an agent will suggest the commission percentage they expect, but it is completely up to the homeowner or home buyer what they are willing to offer. By law, agents can only request a certain percentage but you do not have to accept. Commissions are negotiable. Be mindful that traditional real estate agents have been accustomed to taking 3% for their side of the sale for several decades now and can refuse to accept your offer, but it is within your power and your rights to determine how much your real estate agent is paid to represent you.
Not all real estate agents get paid a commission.
There are other ways that real estate agent can get paid. There are a few companies that work for a flat fee.
TRELORA real estate serves the Colorado Front Range, Summit County and Seattle Metro Area and our mission is simple: full service real estate for a fraction of the cost. When you hire a traditional agent to help you buy or sell your home, man cave or no, you pay that agent 3-6% of the home’s value.
When you hire TRELORA, you pay one flat fee rather than a variable commission on the price of your home. You’ll also get best-in-class customer service. A team of expert agents who close hundreds of deals per year. And a proprietary technology platform that puts you in the driver’s seat and an average refund of $13,500 in Colorado and $18,000 in Seattle.
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