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

Janie Eick

Cell: 712.339.0574

Liz Sandy

Cell: 712.330.1386

Kymm Jones

Cell: 712.320.6737

Community Updates

Silver Lake

Silver Lake in

Silver Lake in Lake Park is a 1,000 acre lake with an average depth of about 6.5ft and a maximum depth of about 10ft. Silver Lake offers some of the best walleye fishing in the IGL's, especially in the spring and fall. The shoreline been developed with some beautiful homes, especially in South Shore Estates and West Bay Estates. Silver Lake is a wonderful spot so escape the hustle and bustle of other area lakes. It is a great lake to learn various water sports, as you won't encounter near the boat traffic. Do yourself a favor, and check out all that Silver Lake has to offer.

Boulders Inn

Boulders Inn and Suites promises to make your Okoboji vacation comfortable and relaxing. This new hotel just south of Emerald Hills golf course between Milford and Arnolds Park offers 40 rooms with suites to meet your individual needs. One of the best things about Boulders Inn is that it is within walking distance of the Taco House. For some of you, I know that can be a big deal!

Real Estate and MLS Homes For Sale in Milford

Lisa's Bake Shop

Lisa's Bake Shop in Spirit Lake

Located in Spirit Lake Lisa's Bake Shop offers a large selection of bakery items along with to-go deli items. If you are looking for something specific you certainly can call ahead and order a personalized cake or cheesecake or just stop in a grab some of their famous cinnamon rolls and caramel rolls. If you cant decide what to have for lunch or dinner stop in and check out their large selection of take and bake meals and soups. You will not be disappointed!

Real Estate and MLS Homes For Sale in Spirit Lake

Subscribe To Our Newsletter