What Are The Services That Real Estate Agents Get Commission For?

The commission rates for real estate agents is 5 to 6% of the sale price of homes. The seller's agent gets 2.5 to 3% of the total commission and the same goes for buyer's agents as well. Find out what the commission actually covers, and the kind of services that you are paying for.

Marketing

For sellers, it is essential to market homes at a realistic price and through various offline as well as online channels. This is an important service, and listing it in the MLS and many other platforms can help boost its prospects of getting sold before long. Most sellers lack the knowledge and tools to do that, and this where real estate agents can be useful.

Presentation

Other than marketing real estate properties, they have to present it professionally to prospective buyers. With professional presentation, selling your home by owner agents can make buyers heavily interested in purchasing a property. It is mostly about showing a property to be sold in the best light, and highlighting its top features, so as to attract buyers and close the deal fast.

Negotiating the transaction details

They have to also negotiate all the details of the transaction, so as to ensure that both sellers and buyers can get a fair deal and there is no confusion at a later stage.

Inspections and appraisals

These professionals need to be present during appraisals as well as inspections, so as to close the deal in a fair way. All these services are very important.

Author Resource:-

Rick advises people about real estate, property investment and affordable housing schemes. You can find his thoughts at homes for sale Ontario blog. For more information regarding Oshawa homes for sale, please visit this website.

About This Author

Rick Lopez Joined: August 22nd, 2018