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How are commissions set?

commissions
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How are commissions set?

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6%, 7% , as low as 4%. Commissions are negotiable. 4% listing agreements are typically limited service/discount listings where the seller will market the property other than the MLS exposure provided by the agent. the only thing the agent does is help with the purchase and sale agreement without representing the seller. No liability. No responsibility. Commissions should not be added on to the value of a property. Commissions are a cost of doing business much like paying sales tax when making a retail purchase. The amount is usually determined by the list price of the home. Properties under $100,000 are usually listed at 7% sometimes 6% but there are no set commission structures throughout the real estate community since it would be considered a violation of antitrust laws to do so.

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