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Sharlene 612-419-0560 / Angela 612-396-3654 / info@homesmsp.com

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What about Commission?

Although there may be different forms of compensation for brokers and agents representing buyers and sellers in real estate transactions, they are most often  paid based on a percentage of the sale price of the property... a commission.

Part of the listing contract is setting the commission that will be paid upon successful closing. This commission is generally divided four ways: among the listing broker, the listing agent, the selling broker and the selling agent. The contract with the seller indicates the total commission; the MLS listing indicates the portion of that commission to be paid to the selling broker/agent (the agent representing the buyer).

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In a FSBO transaction, the homeowner is acting as listing agent and usually pays a commission to the selling agent/broker, if one is involved in the transaction.

 

 

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©2016 SHARLENE HENSRUD, REALTOR licensed in Minnesota - 612.419.0560 - shensrud@homesmsp.com

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Awarded Super Real Estate Agent by Mpls/St Paul Magazine for outstanding customer satisfaction

A portion of every transaction donated to HABITAT FOR HUMANITY

HomesMSP.com provides real estate information for Baby Boomers, first-time homebuyers, relocation buyers, and move-up buyers in the Twin Cities metropolitan area of Minneapolis and St. Paul, Minnesota. We also offer resources and services for Baby Boomers moving to Minneapolis - St. Paul Twin Cities Minnesota and people age 55+ in third age transitions and retirement housing transitions, guiding home buyers and sellers through the process of selling and buying a house, townhouse, townhome, condo or coop at any stage in life. Sign up for a free weekly newsletter, get free Twin Cities relocation guides and free homebuyer handbooks. Whether you spell it ‘Realtor’, ‘Relator’, ‘Realator’, ‘Realitor’, ‘Realter’ ‘Realty’, ‘Reality’ or ‘Real Estate’, we’re here to answer your questions and help guide you through the process of buying or selling a home or relocating to the Twin Cities of Minneapolis and St. Paul, MN.