answersLogoWhite

0


Best Answer

There is no standard realtor commission rate. These are negotiable--always. The Department of Justice has nailed the real estate profession on anti-trust violations for trying to maintain a standard rate.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the realtor's commission rate in Minnesota?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who pays realtor commission in California?

WHAT DETERMINES WHAT RATE REALTORS RECEIVE AND IN THE STATE OF CALIFORNIA DO THE SELLER PAY THE COMMISION?


What is realtors commission for leasing my condo in Calif?

A local realtor can answer your question.


What is commission rate for home-owner's insurance?

The commission rate is the commission earned by the agent or broker who places the policy wit the company.


Is 8 percentage rate appropriate for a realtor to ask for when selling a commercial property in rhode island?

The standard commission rate for realtors can vary depending on the location and specific market. However, an 8% commission rate for selling a commercial property in Rhode Island seems quite high. It is recommended to negotiate with the realtor and compare rates and services offered by other real estate professionals in the area before committing to a specific rate.


Formula of rate of commission?

Commission divided by sale = rate of commission.For example:Last week Don Felt made a commission of $325.80 on $2715 sales. Find his rate of commission.S325.80/2715=12%


Total sales 13600 commission rate 2.75?

Commission: $374.00


Is the percent of total sales paid as commission to a salesperson?

Commission rate


How does a Realtor get paid?

Depending on which state your in the rules maybe different, but for the most part Realtors get paid on commission coming from a certain percent of the listing agreement.


Who regulates realtors?

Every state has a Real Estate Commission that is responsible for licensing, continuing education requirements, contracts and forms, reprimands and disciplining agents.


How do you find the commission rate?

How you find the commission rate varies depending on the job. Some jobs pay a commission of 10% of total sales while some have commission that is on a sliding scale. In real estate, the realtor makes a commission from each sale. You can ask what the rate is prior to hiring the real estate agent.


What is the formula for getting the commission?

You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.


What is the rate of commission on a 15000 sale if the commission is 45?

15000 x 45 % = 6,750