How Is My Realtor Paid?

Like professionals in other sales-based industries, the Realtor pay structure is based largely on commissions derived from successful transactions. Here's how it works:
 
Seller's agent (or listing agent)
The sellers and their agent agree to a commission percentage, in which the agent’s payment is based on the final sale price. The amount will vary depending on the area and the agent.
 
Buyer's agent
At the close of the transaction, the seller's agent splits the predetermined commission with the buyer’s agent as compensation for delivering a buyer. This split is usually about half of the total commission.
 
For example, if a listing is listed with a 6% commission, the typical breakdown is 1.5% to the listing broker and 1.5% to the selling broker.  Then 1.5% to each agent.  Most brokers and agents spend a tremendous amount of money on marketing every year.  It takes a lot of money to sell a home.

Get In Touch

Local Expert Updates

Brooke Jones

Cell: 641.420.2172

Aaron Jones

Cell: 712.320.9442

Janie Eick

Cell: 712.339.0574

Community Updates

Lisa's Bakery

Lisa's Bakery in Spirit Lake

New to Spirit Lake is Lisa's Bakery. We have heard wonderful reviews of her caramel and cinnamon rolls and has a variety of other bakery goods. Set up for convenience, Lisa’s Bakery also offers a variety of take and bake meals for the busy working family or a nice break for the stay at home mom who wants a healthy satisfying meal for her family without having to be in the kitchen for hours. This place is all about convenience with a new fun twist on getting home cooked meals from Lisa's table to yours.

Real Estate and MLS Homes For Sale in Spirit Lake

Euphoria Salon

Euphoria Salon in Okoboji

Heather Carson, the owner of Euphoria Salon does an amazing job. You will be blown away with not only the services they offer but the salon it's self. She did an amazing job making you feel like your in a big city salon right here in Okoboji.

Real Estate and MLS Homes For Sale in Okoboji

Jonathan Blake Interiors

Jonathan Blake Interiors in Okoboji

I have had the privilege to get know Kristi Leigh over the last few years and her eye for design is second to none. JB Interiors founded in 2002, offers specialized interior design for both residential and commercial clients. Her office located in the heart of Okoboji displays a small fraction of her talent and ideas. Showcasing unique furniture, wall decor, rugs, lighting, and many interior design accessories. Kristi takes the overwhelming and challenging aspect of interior design and creates a space exactly as you have envisioned. Take a moment out of your day to stop by the studio, or check out her design and the new Okoboji Commons Hotel.

Real Estate and MLS Homes For Sale in Okoboji

Subscribe To Our Newsletter