[1_Rain_Drop]

Since you were a Realtor, I thought to ask you a few questions because I'm in a bit of a shock.

A- Let's say a realtor has a 10% commission fee, how much would the realtor receive from $4,700.00?

B- There's a broker and an agent. Does the broker take his 10% fee from the agent's commission, or does he take it from the buyer?

Thanks for any info you can provide.

[Toespi]

Lots of variables there. First and foremost, a broker’s fee is ALWAYS negotiable, when listing a property and if an agent tells you it isn’t, look for a different brokerage. Also, the seller always pays the commission to the listing broker, unless there is an agreement between the buyers and their buyers agent to search for a property. If it is a MLS listing, the norm is 3% to the buyers broker. Is this a commercial property because 10% is, in my opinion, extremely high for the sale of a residential property. The usual is 6% to 7%. A broker has their listing fee and then whatever commission % the broker pays to his agent is their internal agreement.

Are you buying or selling?