Hourly real estate The basics
Conventionally, real estate commission is based on a set percentage of the final sale of the house. No matter how much, or how little, work your realtor accomplishes, you are forced to pay your realtor the agreed upon percentage once your house sells. Let's use a real life example to further explore this unfortunate agreement. What if you and your realtor agreed upon six percent commission and your house sold for $200,000? In this situation, your realtor would receive $12,000 of the final sale of your house. What if your house sold for $2,000,000 and you were paying your realtor six percent commission? In this case, your realtor would receive $120,000 from the sale of your house.