50 States realtor commission paid by landlord
A local realtor can answer your question.
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
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.
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%
Commission: $374.00
Commission rate
Every state has a Real Estate Commission that is responsible for licensing, continuing education requirements, contracts and forms, reprimands and disciplining agents.
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.
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.
You multiply the commission rate (the percentage, divided by 100), by the amount for which you are supposed to get commission.
15000 x 45 % = 6,750