A real estate broker sold your house for $189,000. The broker’s commission was 4.5% of the selling price. How much would you get for the house after the commission is paid?
This is a common question many people and are wondering the answer to.
The short answer is you would pay 4.5% or $8,505 to the broker.
But don’t forget you often have to consider fees for the transaction, closing costs, renegotiations after inspection, and the possibility of the funding falling through.
The real question though you may be asking is “how can I get that number lower without losing money?”
Who wants to pay 4.5% to someone, especially if that someone doesn’t do any of that work for their commission?
If you are struggling to sell your home, concerned whether or not your broker or agent is actually doing any leg work for you to sell your home faster, or would like to simply get all the facts, then get our free ways to sell guide here.
You’ll learn the different between selling with an agent, selling to a broker, and selling yourself.