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Can you trust your real estate agent? A better question might be: Do you know how your agent
is being paid?
I’m Ilyce Glink with today’s Real Estate Minute.
By law there is no standard real estate commission, but the general range is five to seven percent.
The seller broker splits the commission in half with the buyer’s agent.
In a buyer’s market, the seller might offer more than the typical commission to entice
brokers to bring in prospective buyers. This is important for you to know because some
agents might bring you to see a property that they normally wouldn’t because of an extra-high
commission attached.
You don’t want an agent like that. Agents and brokers are the most vital and trusted
member of a home buying team, so make sure yours is honest, and trustworthy, open and
up front about the commission.
I’m Ilyce Glink, for more details and links visit my website ThinkGlink.com, where we’re
rebuilding America, one house at a time.