Get a Better Understanding of Agent Compensation
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Get a Better Understanding of Agent Compensation
Real estate agents should be compensated for their services. However, there are a variety of different ways that compensation is done, and it can vary depending on the type of agent you are. We'll take a look at some of the most common types of compensation for agents and what they often receive.
1. Commission
There are a few different options when paying an agent for their services. One common method is to pay a commission, which is a percentage of the final sale price. For example, if an agent sells a house for $200,000, the agent may receive a commission of 5%, or $10,000. This compensation method incentivizes agents to sell properties for the highest possible price, as they will only earn…
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