Real Estate Agent Commissions
Understanding real estate agent commissions
..can be a complicated process, especially if you’re new to the industry. In Florida, dual agency is allowed which means that one realtor may represent both the buyer and seller in a transaction. As such, it’s important to understand how commission payments work in order to ensure you are getting the best deal as either a buyer or seller. In this blog post, we will discuss what buyers and sellers should know about real estate agent commissions in Florida.
Real estate agent commissions are a common part of buying and selling a home, but they can be confusing to understand due to the complex nature of real estate transactions. It is important for buyers and sellers in Florida to understand what is involved in commission payments so they can make an informed decision when selecting their realtor. When it comes to dual agency transactions, there are some special considerations that must be taken into account before entering into a contract with a real estate professional. This blog post will discuss what buyers and sellers need to know about real estate agent commissions in Florida.
In most cases, the seller pays the entire commission amount which is then split between buyer’s agent and listing agent. The commission amount is usually set at approximately 6% of the purchase price. In Florida, when a real estate professional represents both buyer and seller in a transaction, they are allowed to collect the entire commission as dual agency compensation. It’s important for buyers and sellers to understand that even if they are working with one realtor, they must still agree to pay the full commission amount as mandated by law.
In order to ensure fairness in these types of transactions, dual agents must disclose all information related to the sale so that neither party feels disadvantaged or taken advantage of. Dual agents should also adhere to strict guidelines regarding confidentiality between parties and avoid any conflicts of interest during negotiations. By following proper protocol, dual agents can help both buyer and seller to navigate the complex realm of real estate transactions with ease.
If you are looking for an experienced realtor to help guide you through your next property transaction in Pompano Beach, Florida, look no further! I am committed to providing my clients with honest and professional service throughout their buying or selling process. With over 10 years of experience in the local market, I have established relationships with lenders, contractors, and other real estate professionals that can benefit buyers and sellers alike. Contact me today to learn more about how I can help you get the most out of your Pompano Beach property transaction!
Buying or selling a home is one of life’s biggest decisions and it is important to have a trustworthy real estate professional by your side. As an experienced realtor based out of Pompano Beach, Florida I am dedicated to providing my clients with knowledgeable and ethical service throughout their entire buying or selling process. Contact me today to learn how I can help you make the most of your next property transaction!
Sincerely,
Hansel Duran
LoKation
954-231-4916
@hanseljduran
www.hanselduran.com
