Posts about no commission real estate virginia
With conventional real estate commission, the realtor is paid a large percentage of the final sale of the house. You are forced to pay your realtor the agreed upon percentage, no matter how much, or how little, work your realtor actually accomplishes. Let's further explore this unfortunate agreement in a real life example. What if your house sold for $200,000 and you agreed to pay your realtor six percent commission? In this situation, you would be obligated to pay your realtor a whopping $12,000 of the final sale of your house. What if you and your realtor agreed upon six percent commission and your house sold for $2,000,000? In this case, your realtor would receive $120,000 from the sale of your house.