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

Liz Sandy

Cell: 712.330.1386

Aaron Jones

Cell: 712.320.9442

Community Updates

Pioneer Theatre

Pioneer Theatre in Milford

The Pioneer Theatre is one of the area's best-kept secrets. As the owners point out on their website, The Pioneer Theatre is an "historic downtown movie theater with modern recliner seating and family-friendly prices." Checkout the website at milfordpoineertheatre.com for movies and showtimes. You may also buy your tickets and reserve your seats online! Located in Downtown Milford, Iowa--just another great reason to come to Milford!

Real Estate and MLS Homes For Sale in Milford

Hill Avenue Dental

Hill Avenue Dental in Spirit Lake

Your family deserves advanced dental care provided in a warm, friendly environment. Hill Avenue Dental excels in giving people of all ages beautiful smiles and healthy teeth. Your comfort is the highest priority of Dr. Dotson and Dr. Hartzell and their skilled dental care team.

Real Estate and MLS Homes For Sale in Spirit Lake

Okoboji Commons

Okoboji Commons in Okoboji

Check out Okoboji's newest urban metro hotel, the Okoboji Commons. Featuring 71 guest rooms, a meeting room that can hold up to 125 people. Conveniently located next to the bike trail, Brooks Golf Course, Okoboji Summer Theatre, and many Okoboji attractions. The hotel grounds are immaculate featuring gas fire pits, a gazebo, a large deck overlooking East Lake, a sand beach with hammocks, fire pits and a new dock to tie up your boat. Check out Okoboji Commons next time you are vacationing in Okoboji, you will not be disappointed!

Real Estate and MLS Homes For Sale in Okoboji

Subscribe To Our Newsletter