Remax or conventional commission structure for a Realtor?
437193
I don't think it matters. The main thing is that the company has a good reputation. I've  always felt that if an agent does a good job his reputation will follow him wherever he goes. People who like him/her will follow them.  I have a friend that left a well known company and started his own company and did better the first year.
244451
Sales- The larger the item the bigger the commission. For Instance, if you were in Real Estate and sold a $300,000 home and made 3%(your cut) you would make $9k> But of course that is working for someone else. So do the next best thing. Mortgage Broker- Make about 2% on every loan
854896
Realtors are not allowed to discuss specific commission percentage, in a public forum. We can however, discuss the commission with someone who is retaining our service, either listing their home for sale, or if we are acting as a buyers agent. \nI suggest you discuss your needs with a local Realtor.
94714
The answer to this question depends on the market.  Some markets are "seller's markets".  If you are in one, you will probably have to offer MORE than the asking price.  You may ask your agent to provide an MLS list of homes that have recently sold in the specific area you are considering.  Look at the days on market (DOM), the asking price, and the sale price.  If the days on market are low, you are probably in more of a seller's market.  Even so, look at how close the asking and sale prices are.  Take the sales in the last 30 days for that area and find the average cost per square foot for the type of home you are considering and use that average as a guideline (new construction cost per sq ft is usually higher than resale cost per sq ft. but consider recent renovations and lot size).  Always make the contract contingent upon a home inspection. There are some markets that are so favorable to sellers that buyers will waive this...I do not recommend doing that on a resale buy.  Always ask the seller to give you (at least) a one year home warranty.  Good luck!
1179782
Can be found here at Realtor.com\nhttp://www.realtor.org/rmomag.nsf/pages/AskMrIn200206261?OpenDocument
912684
Research your options.  Basically, the best coverage is to do a for sale by owner,using a service for a fee that puts your home in the multi list, agreeing to pay a commission if a realtor brings you a buyer.  You are always in control of the selling price though.  Good luck.  In my personal experience, I adverstised a summer home in the Sunday paper with a photo and got a lot of calls.
149002
I would go to reator.com and find a local realtor for that market. This had helped me in the past as I'm a real estate investor in four states. Realtors can be a worth while asset to your portfolio
594395
you might want to try remax or coldwell banker depending where you are looking because each state is different
814775
I was an agent with ReMax for a while and it's a very high turnover company because of the high expense to its agents.  I personally know two brokers in my city who closed their ReMax offices and joined another ReMax office because they both said they made more money as a ReMax Realtor.  Apparently ReMax has very high fees for their brokers too.  I'm just finishing up the broker course and I'm planning on starting my own company.  If you are going to do a franchise though, I would recommend you go with another company, not ReMax.\n\nI hope that helps.  Good luck!!!
1182719
Hi-\nRealtors are paid 100% commission in residential real estate typically splitting either side of the transaction with the sponsoring broker. For example if you represented a buyer on a $500K purchase at a 6% rate, 3% would go to each side and then that would typically be split 50 -50 from there. Good rule of thumb is 1.5% of any transaction. There are situations in commercial where a firm will give you a draw that gets paid back once transactions are complete.
828184
It will depend on the price. If it's over couple of millions, then you should expect a lower commission than normal 6%. I am an agent in the San Fernando Valley area in Los Angeles. If you want, we can get together or talk about your property over the telephone. The important things that any Realtor and buyer will want to know is the number  and type (1+1, 2+1, etc) of units in the buiding, gross rental income from apartments, approximate utility expenses and taxes.
111894
Check with your state division of real estate. Most states require one if you buy and sell over a certain number of homes per year. Also in most states "flipping" of properties is illegal.
460727
I am a Realtor in Oregon and Washington. I started in the business in 1986. I take 15 clock hours of continuing education per year for each state. Even yesterday, I  asked my colleagues about something I hadn't run across before. \n\nSure, you want to save the commission. I don't blame you. But mistakes are expensive. \n\nTwo weeks ago I listed a condo for sale. The day after my sign went up, another went up 'By Owner.' Three days later, mine was sold, but I had two buyers left over. \n\nI called the 'By Owner' guy to see if he had sold yet and he was excited because he had sold his, too. My customer sold his condo for $130,000 (1,000 over full price) and paid a $6,500 commission. His net will be about $123,500.\n\nThe By Owner? He sold his for $115,000! He saved the commission but it cost him $15,000! He could have sold for $130,000!\n\nIt was as if he had sold the condo and paid a 11.5% commission!\n\nHere's a link to the one I sold: http://www.rmlsweb.com/Reports.asp?CMAID=8243123&Time=2003\nYou can click on the address and get a pop-up map of the location.\n\nGo with a Realtor, Please?\n\nIf you want, I can refer you to an experienced, full time agent in  your hometown that I will personally interview.\n\nYou can contact me toll free or by email. \n\nBest wishes,\n\nLeigh M\nPortland\nhttp://www.LeighMaynard.com
1154212
Here is the simple answer. You end up paying for the broker's fee. The buyer does not pay for anything but the price of the house. But of course, seller normally calculate how much they want to profit so they will adjust the listing price to compensate for the broker's fee. Although in many areas this is not such a good idea because seller are interested in a $$ amount they want to profit and they dont care how much higher they list their home to compensate for the fee. In this case the agent and the seller will have trouble selling.\n\nA typical % for commision is anywhere from 5-6%. Discount brokers will charge 1% or a flat fee but they dont do as much work as the agents that charge the normal fee of 5-6%. There is no preset % on any state because this is called "price fixing" and it's against the law.\n\nI've encounter many sellers that think that if they pay me 4.5% they are saving some money or even 5%. This is the truth about doing it this way. From the 4.5%, I will keep my 2.5% part to cover my cost and the buyer's agent will get 2% or if I get a listing for 5% its 50/50 and the buyer's agent gets 2.5%. What is the difference from the properties listed at 6%????? Well the buyers's agent will have a list of properties that best suit the buyers but they will definitely put the 2.5% & 2% commission listings AT THE BOTTOM of the list. So you actually are loosing a great chance of selling your home.\n\nNOBODY works for free, the fees might sound high but there is a lot involved in selling a home and a lot of legalities that have to be taken care of as well. So if you want to sell your house you have to sell it to the buyer's agent first so he can sell it to the buyers themselves. So in all fairness a good, fast and for top dollar sell will have a total commission of 5% but most likely 6%.\n\nThat is my opinion
725612
It sounds like you're talking about the mortgage broker, not the real estate broker.  The real estate broker is the company selling the house (if any).  The mortgage broker is the company doing the loan for you.\n\nIf you are talking about the mortgage side of it, then typically 1-2% is a pretty good deal for closing costs.  It depends on the deal though.
735868
Ask everyone you know if they know of anyone looking to sell their home. Real Estate is a "how long you've been in the business" kind of thing.  It takes a while for people to think of you before they think of someone else. Part of that is achieved by farming, some is advertising, but most is referrals.  The more people you've done business with the more people that get referred.\n\n----\n\nYou need to base it on where you are located. The guy from Singapore has some great ideas, but some of them are not legal in the US.  You cannot pay a referral fee to anyone in the US unless they are a Licensed Real Estate Agent.  You can be prosecuted by the Department of Housing and Urban Development.\n\nThe other post where they suggest sending postcards etc to 300 to 500 households a month is called farming.  However, it usually takes six months to a couple years for farming to start paying off - and it can be expensive.  But it is a good tool.
247864
Call a realestate agent. Often they are the brokers for such deals.