Listing Contracts And Commissions
Commission Basics

   



In the following list, we try to answer every question you've ever had about commissions but were too embarrassed to ask:

  • Who pays the commission? Usually sellers pay the commission, although in rare cases, buyers pay their agent directly. After all, sellers get money when property sells.

  • Are commissions set by law? There's no such thing as a legal minimum commission or a mandatory percentage. Commissions vary from one area to the next. The price and type of property being sold also affect the percentage. Commissions on houses, for example, usually range from 4 to 7 percent of the sale price, and commissions on vacant land can go as high as 10 percent.

  • Are commissions negotiable? Yes.


__________________________________________
Next Step: Seller Disclosure Statements


Back To Seller Services

 

4110 SE Hawthorne Blvd., #208
Portland, Oregon 97214


Ph. (503) 516-7300
Fx. (503) 218-5371


   

REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.

Copyright 2003-2008 - Realty Works, Inc. - All Rights Reserved

Site Designed by: Elite Net Design Site Maintained by: Rareheron Web Design

Equal Housing OpportunityIt is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin.