buyer / seller real estate fiduciary services

Commissions Real estate

transactions when a broker is involved

are typically subject to a commission

paid by someone and paid to someone.

Here are the details of how that works…

jack pyle associates

© 2022 Jack Pyle Associates - All Rights Reserved

As a seller or lessor… In most transactions where a broker lists a property for sale or lease, the owner agrees to pay a commission upon the successful closing of the transaction. If the listing broker also procures the buyer or lessee, they are also the selling or leasing broker and receive 100% of the commission. In this latter case, the total commission may sometimes be at a lower rate than when multiple brokers are involved. If another broker procures the buyer or lessee, they are the selling or leasing broker and typically receive 50% of the total commission. If another broker refers the owner to the listing broker, the referring broker typically receives a percentage of the listing commission. If another broker refers the buyer or lessee to the selling or leasing broker, the referring broker typically receives a percentage of the sale or lease commission. What about FSBO’s - for sale (or lease) by owner As with all commissions, they are negotiable, and the selling or leasing broker in this case has a justifiable case for receiving a commission. If another broker refers the buyer or lessee to the selling or leasing broker, the referring broker typically receives a percentage of the negotiated sale or lease commission as described above. Commission amounts are also typically adjusted for relatively small items such as Multiple Listing Service (MLS) fees, etc. As a buyer or lessee If you are buying or leasing a listed property, we will act as the selling or leasing broker and typically be paid 50% of the total commission. If you are buying or leasing a FSBO property, we will typically be paid a commission funded by the seller/lessor.
real estate fiduciary services - buying, selling, advising…

Commissions and How They Work

Real estate transactions when a broker is involved are typically subject to a commission paid by someone and paid to someone. Here are the details of how that works…

jack pyle associates

As a seller or lessor… In most transactions where a broker lists a property for sale or lease, the owner agrees to pay a commission upon the successful closing of the transaction. If the listing broker also procures the buyer or lessee, they are also the selling or leasing broker and receive 100% of the commission. In this latter case, the total commission may sometimes be at a lower rate than when multiple brokers are involved. If another broker procures the buyer or lessee, they are the selling or leasing broker and typically receive 50% of the total commission. If another broker refers an owner to the listing broker, the referring broker typically receives a percentage of the listing commission. If another broker refers the buyer or lessee to the selling or leasing broker, the referring broker typically receives a percentage of the sale or lease commission. What about FSBO’s - for sale (or lease) by owner As with all commissions, they are negotiable, and the selling or leasing broker in this case has a justifiable case for receiving a commission. If another broker refers the buyer or lessee to the selling or leasing broker, the referring broker typically receives a percentage of the negotiated sale or lease commission as described above. Commission amounts are also typically adjusted for relatively small items such as Multiple Listing Service (MLS) fees, etc.
what our services cost…
In ideal cases we are brought into the picture in the early plan- ning stages. If you are selling or leasing a property, there will typically be a sale or lease commission, and many times we will work with a cooperating Realtor, sharing the listing commission with them. If you are buying or leasing a listed property, we will typically act as a selling or leasing broker and be paid from the sale or lease commission pool. If you are buying or leasing a FSBO property, we will typically be paid a commission funded by the property owner.
2022 Jack Pyle Associates - All Rights Reserved