If I’m going to get a realty agent how does the agent get paid if I assign a contract.
Title company pays the agent from the proceeds before distributing to seller.
Agent has listing contract with the seller. That alone entitles the agent to commission once property is sold.
Agent gets paid on the hud at the closing as the buyer or listing agent.
If you’re a broker, the agent will receive a portion of your sales commission. There is no exact percentage and you can discuss that before hand.
If you’re paying an agent for your property, you should have a contract stating that he or she will get a commission (that you’d agreed upon) when the sale pushes through.
Hi,
I agreed, there is no exact percentage it depends on how much you convince on a particular share. It is the matter of discussion.