How Is My Realtor Paid?

Like professionals in other sales-based industries, the Realtor pay structure is based largely on commissions derived from successful transactions. Here's how it works:
 
Seller's agent (or listing agent)
The sellers and their agent agree to a commission percentage, in which the agent’s payment is based on the final sale price. The amount will vary depending on the area and the agent.
 
Buyer's agent
At the close of the transaction, the seller's agent splits the predetermined commission with the buyer’s agent as compensation for delivering a buyer. This split is usually about half of the total commission.
 
For example, if a listing is listed with a 6% commission, the typical breakdown is 1.5% to the listing broker and 1.5% to the selling broker.  Then 1.5% to each agent.  Most brokers and agents spend a tremendous amount of money on marketing every year.  It takes a lot of money to sell a home.

Get In Touch

Local Expert Updates

Aaron Jones

Cell: 712.320.9442

Janie Eick

Cell: 712.339.0574

Matt Lippon

Cell: 712.330.0604

Greg Sheeler

Cell: 712.330.1573

Community Updates

True Value

True Value in Milford

True Value-downtown Milford
916 Okoboji Ave
Milford, IA 51351

Very convenient location, especially if you live South of the bridge and need something to fix something at your house? Whether it is electrical, hardware or plumbing, chances are good you can find it here. Also offer key cutting.

Real Estate and MLS Homes For Sale in Milford

Woody's Pizza

Woody's Pizza in Estherville

Woodys Pizza is the oldest existing pizza restaurant in Northwest Iowa. In 1961, Woody and Mae Condon started their first restaurant in Estherville, with four tables, an eight seat counter and carry-out service. There was no alcohol served. It became a gathering place for the young people of Estherville.
In 1980 they sold their restaurant to their son, Anthony, he and his family operated Woody's for over 30 years. On Jan. 1, 2018, Dave and Tasha Welch of Estherville are the new owners.
Now, Dave & Tasha are thrilled to be taking the reins to continue not only bringing you great tasting pizza with the original famous recipe, but to bring you excellent service as a family-run business Estherville can be proud of.
Dine in or Call 712-362-5610 for Carry Out and Delivery!

Real Estate and MLS Homes For Sale in Estherville

Rolling Oaks Barn

Rolling Oaks Barn in Spirit Lake

The Rolling Oaks Barn is an authentic barn that has been restored. This century old barn is available for rent for all of your event needs. The upper level is the events area where the lower level is a full service bar and is open weekly and on the weekends.

Real Estate and MLS Homes For Sale in Spirit Lake

Subscribe To Our Newsletter