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It varies by location and is ALWAYS negotiable between the Seller/Principal and the agent representing him/her.
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∙ 10y ago
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Where can one get a fixed rate home equity loan?
One can get a fixed rate home equity loan using a real estate values website to figure the value of their home. Then one has to apply for the loan with their lender.
Formula of rate of commission?
Commission divided by sale = rate of commission.For example:Last week Don Felt made a commission of $325.80 on $2715 sales. Find his rate of commission.S325.80/2715=12%
What is the formula for calculating a real estate broker's commission?
In a simple scenario where the broker charges the commission as a percentage of the purchase price, then you would simply multiply the purchase price by the commission rate. For example, if your home sold for $100,000, and your broker charges a 7% commission, then you would calculate as follows:100,000 x .07 = 7,000These days there a lots of other possibilities, such as flat-fee brokers who charge a set rate regardless of purchase price.As a broker for 15+ years I have personally been involved in various transaction fee structured deals, but the majority are the first type I explained.
What is the average stock broker commission rate?
2.5%
What is the commission rate for a futures broker?
The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.
How do you find the commission rate?
How you find the commission rate varies depending on the job. Some jobs pay a commission of 10% of total sales while some have commission that is on a sliding scale. In real estate, the realtor makes a commission from each sale. You can ask what the rate is prior to hiring the real estate agent.
What is commission rate for home-owner's insurance?
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
Can a real estate brokers commission rate vary?
Yes, the commission that a real estate broker earns can vary depending on the type of broker and his or her contract. Many brokers can even waive their commission in some cases.
What is the realtor's commission rate in Minnesota?
There is no standard realtor commission rate. These are negotiable--always. The Department of Justice has nailed the real estate profession on anti-trust violations for trying to maintain a standard rate.
A real-estate agent earned a commission of 4300 on the sale of an 86000 house. Which statement below identifies a commission that is at the same rate?
A commission of $2,600 on the sale of a $52,000 house.
Does a real estate agent get commission from a new construction?
Absolutely, although sometimes it is at a lower rate than for a resale.
Average commission for home property manager?
7% of rental rate
What is the realtor's commission rate for pa?
A realtor's commission rate is always negotiable. The standard/usual rate is 3% for the buyer's agent and 3% for the seller's agent. The seller always pays the realtor's commission, unless otherwise negotiated in the sales contract of the home.
What is real estate commission rate in louisville?
There is no set rate in Lousiville or any other U.S. city. In fact, it is illegal to have a fixed rate commission, thanks to the Federal Anti Trust Act. (But they tend to range from a low flat fee, or a percentage of the sale, often 3%-7%)
What is the average real estate agents commission?
standard rate is 6% 3% for listing agent, 3% for selling agent. discounts are available
What is rate of commission in math?
If the commission was $27,000 and the Agent sold the home for $360,000, what was the exact commission?
Where can one get a fixed rate home equity loan?
One can get a fixed rate home equity loan using a real estate values website to figure the value of their home. Then one has to apply for the loan with their lender.
