How Is My Realtor Paid?
Like professionals in other sales-based industries, the Realtor pay structure is based largely on commissions derived from successful transactions. Here's how it works:
Seller's agent (or listing agent)
The sellers and their agent agree to a commission percentage, in which the agent’s payment is based on the final sale price. The amount will vary depending on the area and the agent.Buyer's agent
At the close of the transaction, the seller's agent splits the predetermined commission with the buyer’s agent as compensation for delivering a buyer. This split is usually about half of the total commission. For example, if a listing is listed with a 6% commission, the typical breakdown is 1.5% to the listing broker and 1.5% to the selling broker. Then 1.5% to each agent. Most brokers and agents spend a tremendous amount of money on marketing every year. It takes a lot of money to sell a home.Get In Touch
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The Coffee Shop
This quaint coffee shop in downtown Milford, IA is the talk of the town. You must stop in for a hot or cold drink and enjoy the atmosphere of this eclectic cafe. Locals and visitors alike enjoy meeting at this town favorite.
Rolling Oaks Barn
The Rolling Oaks Barn is an authentic barn that has been restored. This century old barn is available for rent for all of your event needs. The upper level is the events area where the lower level is a full service bar and is open weekly and on the weekends.
