Business View Magazine | Volume 8, Issue 11

46 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 11 R eal estate commissions are a little more complicated than many people think. Unlike most jobs, real estate agents don’t receive a salary or get paid hourly. Instead, they are paid commission from their sales, which are negotiable between real estate brokerages and their clients. This means that the size of the commission that sellers have to pay can vary markedly. Sometimes, buyers must also pay a commission (although this is less common) and, of course, the fee is split between the brokerage company and the agent. Understandably, some homeowners prefer the more straightforward approach of selling real estate themselves – or “by owner”– thinking they can save themselves some money at the same time. However, because real estate commissions cover a broad range of services, many individuals that sell their homes by owner end up netting less money than if they hired a real estate brokerage to help them list and sell their property. Still, just because real estate transactions may not be simple, that doesn’t mean AT A GLANCE 1 PERCENT LISTS WHAT: Full Service Discount Real Estate Broker WHERE: Covington, Louisiana WEBSITE: www.1percentlists.com 1 PERCENT LISTS Offering realtors the better way