Popular lifehacks

Do real estate agents get discounts on houses?

Do real estate agents get discounts on houses?

As a real estate agent, you may be able to get discounts that aren’t advertised. Many vendors are very willing to offer special deals for items that are going to be used for closing gifts since it could bring them more business. The same is true for home services.

How do you calculate agent commission?

The real estate commission calculator works by calculating a simple equation: The agreed-upon payment percentage/100 x the price of the property. For example, if a homeowner sells their home for $200,000, and the commission rate is 5%, the equation would be (5/100) x 200,000 = $10,000 commission.

What is ReMax commission split?

New agents typically receive a lower split of 60/40 until they reach $23,000 in commission. After that, they move to a 95/5 split for the remainder of the year. Other commission options may include a 70/30 split or an 80/20 split until the agents reach $23,000 in commission, and then they are moved to a 95/5 split.

Does Remax charge desk fees?

What are the REMAX desk fees? Desk fees might be up to $750 at some offices. That’s why some RE/MAX offices have lower splits (80/20, 70/30, or 60/40) but with a yearly cap and no monthly desk fees.

What is a decent offer on a house?

Many people put their first offer in at 5% to 10% below the asking price as a lot of sellers will price their houses above the actual valuation, to make room for negotiations. Don’t go in too low or too high for your opening bid. If you make an offer that’s way below the asking price, you won’t be taken seriously.

Do realtors always get 6?

A standard commission percentage of a transaction in California is 6%. So, the average California real estate transaction can yield a commission check of upwards of $34,312. Given that selling a home takes between 30-45 days, that’s a pretty good earning in a small time frame.