Real Estate commissions vary. There is no set commission for any particular transaction. The commission is determined based on numerous factors associated with the sale of a particular property. Some of these factors include, but are not limited to: the type of property being sold (i.e. residential property, commercial property, lots and land, etc.), the location of a particular property, the condition of a particular property, the time frame in which a property must be sold, and most importantly what is agreed to between the seller or buyer, and the agent. Market conditions can also affect commission because the ease with which a property can be sold will have an affect on what an agent is willing to charge.

Posted on Monday, February 2nd, 2009 at 1:47 pm and is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.