Search
  • Elvin Villalobos

Realtor Commission: Who Pays, and How Much? – Elvin Villalobos

Updated: May 19


Professional realtors get paid a “commission” when they sell your home, but what exactly does this mean, and how much is it? Do you have negotiating power when it comes to the listing fee?

Realtor Elvin Villalobos has all the information you need, from where the money comes from, to who it goes to, and how much it costs.



How much is a Typical Real Estate Commission?


Unlike in traditional careers, realtors are paid only when the lender closes and seals the deal on the property being sold. While some brokerage firms use flat rates to determine their commission, most properties are sold through realtors who charge a set percentage per listing. Typically, this is 4.5% – 6% for residential properties, and up to 20% for commercial properties. In this article, we will just be focusing on residential properties.


Who Takes Home the Commission?


To bring these percentages into perspective, Elvin Villalobos explains that if you are selling your home for $100,000 a 6% commission would be $6,000.00. Although this may seem like a high fee to pay, Realtors are not walking away with the entire amount. There are brokerage fees, office fees, up front marketing dollars to attract a huge pool of buyers and miscellaneous costs associated. In addition, the commission is split from the top 50/50 with the buyer’s realtor.


Why Hire a Realtor?


Although it may seem like you’re losing money by having to pay commission, a recent survey noted that experienced Realtors can increase your bottom line profit more than if you tried to sell your property yourself (aka For Sale By Owner). This greater profit margin offsets any commission you would pay. In addition, just because you are conducting a For Sale By Owner (FSBO) sale, does not mean you won’t be paying commission. Nearly 99% of buyers are represented by a Realtor. A buyer’s agent can get paid in two ways – both of them by the seller. The first is by simply including the commission in the offer, and the second is when the seller out-right pays the commission for the buyer’s agent.


How Can you Save on Commission?


One way to save on commission is by negotiating with your realtor when they bring in a buyer. Have what was agreed upon in writing, and it will be a win-win for all parties. You, as the seller, will pay less on commission and your agent will earn a bit more.  Communication is key in real estate. All the fees associated with the home’s listing should be outlined in the contract. You should also make sure to obtain a Net Sheet, which shows approximately how much you will be profiting after all the expenses. As Elvin Villalobos says, “Ensuring all parties involved understand the entire process, and the precise figures will lead to the successful sale and transfer of your home.”


Elvin Villalobos and RE/MAX Interaction Realty


If you are selling your home and looking for help with the process, Elvin Villalobos and the team at RE/MAX Interaction. You can always count on us to provide the best advice for your needs.


About Me


Elvin Villalobos, REALTOR® SRE Specialist RE/MAX InterAction Realty

As a Real Estate professional, I understand the process of a real estate transaction. I can help you find a home, sell your home, and assist you with all documents necessary to complete your real estate transaction.


Contact Details


Phone: 954.294.9831 Email: elvinremax@gmail.com Web: www.elvinvillalobos.com

7801 W Commercial Blvd., Tamarac, FL 33351

HABLO ESPAÑOL


.fusion-button.button-2 .fusion-button-text, .fusion-button.button-2 i {color:#ffffff;}.fusion-button.button-2 {border-width:0px;border-color:#ffffff;}.fusion-button.button-2 .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-2:hover .fusion-button-text, .fusion-button.button-2:hover i,.fusion-button.button-2:focus .fusion-button-text, .fusion-button.button-2:focus i,.fusion-button.button-2:active .fusion-button-text, .fusion-button.button-2:active{color:#ffffff;}.fusion-button.button-2:hover, .fusion-button.button-2:focus, .fusion-button.button-2:active{border-width:0px;border-color:#ffffff;}.fusion-button.button-2:hover .fusion-button-icon-divider, .fusion-button.button-2:hover .fusion-button-icon-divider, .fusion-button.button-2:active .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-2{width:100%;}Contact Me


Let’s Work Together


TELL ME MORE ABOUT YOUR NEEDS


Are you Interested in buying or selling? Do you have questions about the real estate process? Let me help. Use the form below to schedule a consultation and we’ll setup a time to discuss your needs.


.fc-form hr { border-color: #777 !important;} .sub-label {font-size: 12px !important;} html .formcraft-css .fc-form .form-element .submit-cover .submit-button {font-size: 24px;} html .formcraft-css .fc-form .form-element .timepicker-cover input.meridian-picker {max-width: 75px;} html .formcraft-css .fc-form .form-element .timepicker-cover .time-fields-cover input.meridian-picker, html .formcraft-css .fc-form .form-element .timepicker-cover .time-fields-cover select, html .formcraft-css .fc-form .form-element .timepicker-cover .time-fields-cover select:first-child {padding: 9px 5px 7px 4.5%;}

[]

1 Step 1 @media (max-width : 480px) { .fc_modal-dialog-1 .fc-pagination-cover .fc-pagination { background-color: none !important; } } .formcraft-css .fc-form.fc-form-1 .form-element .submit-cover .submit-button, .formcraft-css .fc-form.fc-form-1 .form-element .fileupload-cover .button-file, .formcraft-css .fc-form.fc-form-1 .form-element .field-cover .button, .formcraft-datepicker .ui-datepicker-header, .formcraft-datepicker .ui-datepicker-title { background: #781d7e; color: #fff; } .formcraft-datepicker td .ui-state-active, .formcraft-datepicker td .ui-state-hover, .formcraft-css .fc-form.fc-form-1 .form-element .slider-cover .ui-slider-range { background: #781d7e; } #ui-datepicker-div.formcraft-datepicker .ui-datepicker-header, .formcraft-css .fc-form .field-cover>div.full hr { border-color: #69196e; } #ui-datepicker-div.formcraft-datepicker .ui-datepicker-prev:hover, #ui-datepicker-div.formcraft-datepicker .ui-datepicker-next:hover, #ui-datepicker-div.formcraft-datepicker select.ui-datepicker-month:hover, #ui-datepicker-div.formcraft-datepicker select.ui-datepicker-year:hover { background-color: #69196e; } .formcraft-css .fc-pagination>div.active .page-number, .formcraft-css .form-cover-builder .fc-pagination>div:first-child .page-number { background-color: #002d62; color: #fff; } #ui-datepicker-div.formcraft-datepicker table.ui-datepicker-calendar th, #ui-datepicker-div.formcraft-datepicker table.ui-datepicker-calendar td.ui-datepicker-today a, .formcraft-css .fc-form.fc-form-1 .form-element .star-cover label, html .formcraft-css .fc-form.label-floating .form-element .field-cover.has-focus>span, .formcraft-css .fc-form.fc-form-1 .form-element .customText-cover a, .formcraft-css .prev-next>div span:hover { color: #781d7e; } .formcraft-css .fc-form.fc-form-1 .form-element .customText-cover a:hover { color: #69196e; } html .formcraft-css .fc-form.fc-form-1.label-floating .form-element .field-cover > span { color: #002d62; } html .formcraft-css .fc-form .final-success .final-success-check { border: 2px solid #002d62; } .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="text"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="email"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="password"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="tel"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover textarea, .formcraft-css .fc-form.fc-form-1 .form-element .field-cover select, .formcraft-css .fc-form.fc-form-1 .form-element .field-cover .time-fields-cover, .formcraft-css .fc-form.fc-form-1 .form-element .field-cover .awesomplete ul { color: #781d7e; } .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="text"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="password"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="email"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="radio"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="checkbox"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="tel"], .formcraft-css .fc-form.fc-form-1 .form-element .field-cover select, .formcraft-css .fc-form.fc-form-1 .form-element .field-cover textarea { background-color: #fafafa; } .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="radio"]:checked, .formcraft-css .fc-form.fc-form-1 .form-element .field-cover input[type="checkbox"]:checked { border-color: #69196e; background: #781d7e; } .formcraft-css .fc-form.fc-form-1 .form-element .star-cover label .star { text-shadow: 0px 1px 0px #69196e; } .formcraft-css .fc-form.fc-form-1 .form-element .slider-cover .ui-slider-range { box-shadow: 0px 1px 1px #69196e inset; } .formcraft-css .fc-form.fc-form-1 .form-element .fileupload-cover .button-file { border-color: #69196e; } .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html input[type="password"]:focus, .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html input[type="email"]:focus, .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html input[type="tel"]:focus, .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html input[type="text"]:focus, .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html textarea:focus, .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html select:focus { border-color: #781d7e; } .formcraft-css .fc-form.fc-form-1 .form-element .form-element-html .field-cover .is-read-only:focus { border-color: #ccc; } .formcraft-css .fc-form.fc-form-1 { font-family: inherit; } @media (max-width : 480px) { html .dedicated-page, html .dedicated-page .formcraft-css .fc-pagination > div.active { background: none; } }

First Name

Last Name

Email Addressa valid email

email

Consultation TypeChoose One

Select An OptionBuying A HomeSelling A HomeSeller Market AnalysisCommercial Property Inquiry

Date Preference

date_range

Time Preference

01020304050607080910111200153045access_time

Comments/Questions


0 /


Submit Form

keyboard_arrow_leftPrevious

Nextkeyboard_arrow_right

 

Subscribe Form

©2020 by RE/Max InterAction Realty. Proudly created with Wix.com