Why are real estate commissions so high?

Like many other businesses, real estate salespeople work hard to get their clients what they want, whether it be negotiating the higher purchase price or getting the quick sale. Real estate salespeople invest money, time and a great deal of effort into the sale of a property, without any reassurance that they will recover their money, aside from the fact that the commission is a great motivator. For more terms and information go to glossary. Disclaimer: For updated laws on tax issues consult an accountant or attorney. We are neither, nor wish to represent ourselves as such. We are just providing basic knowldge. ... more