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

Local Expert Updates

Greg Sheeler

Cell: 712.330.1573

Aaron Jones

Cell: 712.320.9442

Janie Eick

Cell: 712.339.0574

Brooke Jones

Cell: 641.420.2172

Community Updates

Jimmy John's

Jimmy John's in Spencer

Jimmy John's slices our all-natural meats and fresh veggies in-house every day. Our fresh-baked bread is made right here where you can see it, and our house-made tuna salad is fresh every day. The flavor of a ripe tomato, crisp shredded lettuce, combined with fresh-baked bread, fresh-sliced meat and real Hellmann's mayo - that's when the magic happens. Made with love every single day since 1983. That's Jimmy Fresh!

Real Estate and MLS Homes For Sale in Spencer

Erpelding, Voigt & Co., L.L.P.

Erpelding, Voigt & Co., L.L.P. in Okoboji

For more than 45 years, we have been providing tax preparation, business planning, financial reporting services and personal financial planning. Founded in 1974, Erpelding, Voigt & Co., LLP has grown to encompass more than 49 professional associates and staff in five locations. As a progressive accounting firm employing the latest technologies, we have developed a reputation for professional excellence through the consistent high quality services we provide. We bring a wealth of knowledge and value to each of our clients.

Real Estate and MLS Homes For Sale in Okoboji

Goodies

Goodies in Spirit Lake

Goodies Handmade Candies is a small family-run business located in Spirit Lake, Iowa. Goodies has become a "must stop" place when visiting the area.
Goodies offers handmade candies, ice cream, coffee, and gifts. Each batch uses fresh quality ingredients and no added preservatives.
Customers from all over rave with remarks such as, "Goodies makes the best candies they have ever had."

Real Estate and MLS Homes For Sale in Spirit Lake

Subscribe To Our Newsletter