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Is it legal for real estate agents to get paid by both sellers and buyers?

When you buy a house, working with a seller's agent is always an option, but should you? Picture it: You enter an open house and meet the agent of the seller who looks really cool. You're going to make an offer, but you don't have your own agent. So, what's the damage of just working with the agent of the seller? In the real estate biz, a dual agency is called an agent representing both the seller and the buyer. Although in some states it is legal, many real estate agents— and also household hunters — see dual agency as a conflict of interest. Let's dive into why it's actually a bit more complicated to work with a seller agent than it sounds. What is a dual agent? Legally speaking, a dual agent is an immovable broker or agent working for the same broker who acts in a transaction on behalf of both the seller and the buyer. A broker in California is only allowed to act as a dual agent if both buyer and seller are aware of the dual agency and consent to i

How Do Real Estate Agents Get Paid?

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If you're buying or selling a home on the market, odds are that you're going to work with one of thetop real estate companies in Miami to help you through the process. According to Realtors ' National Association, in 2017, 87 percent of buyers purchased their home through a real estate agent or broker, a 100 commission real estate Florida that grew steadily from 69 percent in 2001. Also, the vast majority of sellers relied on real estate agents; only 8% of sellers sold their homes alone. As of March 2018, according to salary.com, the average annual income for real estate sales agents was $40,587. How much money agents make each year depends on a number of factors including the number of transactions they complete, the commission they pay to the brokerage, and the spillage of the agent with the sponsoring broker. We're looking at how real estate agents are being paid here. Commissions Most agents make money through commissions–payments made directly to

9 Tricks to Save Cash on Realtor Commissions

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1.      Negotiate Before choosing someone to list the home, each home seller should interview at least three real estate agents. Do not be afraid to ask for a discount on the commission as part of the interview process. While the reduced commission will be agreed by some sales agents, others will not. Much depends on your home's price range and how fast and easy the agent thinks it's going to sell. The more you know about your own market, the easier the job of the agent will be to price your home. A Los Angeles Times article recommends that your home be "pre-staged" to make an agent more eager to list it, and thus maybe more willing to reduce the commission. 2.      Choose a real estate agent with a reduced fee Several real estate discount brokerages have been opening in recent years. They charge sellers reduced fees while keeping the buyer's agent commission at the standard market rate, saving about 25 percent of the seller's total commission