In Indiana if that makes a difference.
2007-12-05 06:00:22 · 10 answers · asked by Cowgirl lost seahorse 6 in Entertainment & Music ➔ Polls & Surveys
The total commission @6% is $120,000 Divided 4 ways is $30,000. So each Realtor, before any expenses will receive $30,000 if they are on a 50/50 split with their broker. Each broker will also receive $30,000.
5% will yield each $25,000
DO NOT TRY To negotiate the commission down! Not in this market!!! If anything pay the Realtors better commissions to encourage them to show your property! There is too much inventory to choose from and low commission listings will easily get passed over! I guarantee it!
2007-12-05 11:05:06 · answer #1 · answered by Free Thinker 6 · 1⤊ 0⤋
If I were you I'd invest it and NO do not retire. Take a nice long vacation somewhere and think about what you want to do. I also think you'll need a broker or a lawyer as there are all so many scammers out there and you could very quickly end up flat broke. But I would start by buying a new truck, Harley, car for the old lady, Log cabin in the mountains (old lady wants this) and then do renovations to our present home. Then invest the rest.
2016-05-28 07:43:38 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Depends on what state the property is in. In California, it's a 3 tier system(up to $50,000, between 50 and 100, and over 100,000 in sale price). Have forgotten the percentages for each tier, but are set by law, and are under the control of the Dept. of Real Estate!
2007-12-05 06:18:54 · answer #3 · answered by THE Cupid HATER 7 · 1⤊ 1⤋
Back in the 90's when I did Real Esteate it was around 6% or 7% but the agent has to split it with the company they work for, often a 60/40 split.
2007-12-05 06:04:31 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Depends on the Realtor, but probably around $200,000.
2007-12-05 06:05:06 · answer #5 · answered by Mrs S 5 · 1⤊ 2⤋
it depends on if they are the listing or selling broker and whether or not another agent is involved. can be as little as 2.5%
2007-12-05 06:13:26 · answer #6 · answered by Aeon 3 · 1⤊ 0⤋
They get about 6%...which works out to $120,000.
2007-12-05 06:07:22 · answer #7 · answered by Anonymous · 2⤊ 0⤋
it's 6% but with the housing slump you should be able to negotiate it down.
2007-12-05 07:18:40 · answer #8 · answered by frostbite2 7 · 1⤊ 1⤋
My guess, about $200,000- 350,000 just a guess, I do not know !!
2007-12-05 06:05:53 · answer #9 · answered by kim t 7 · 1⤊ 1⤋
20.00$
just kidding..I don't know
2007-12-05 06:03:08 · answer #10 · answered by Anonymous · 1⤊ 2⤋