{"id":2216,"date":"2014-04-04T23:27:27","date_gmt":"2014-04-04T23:27:27","guid":{"rendered":"http:\/\/fastforwardstory.com\/?p=2216"},"modified":"2014-04-04T23:27:27","modified_gmt":"2014-04-04T23:27:27","slug":"what-are-commissions","status":"publish","type":"post","link":"https:\/\/cloud02.titletapsites.com\/inspiredca\/2014\/04\/04\/what-are-commissions\/","title":{"rendered":"What Are Real Estate Commissions?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_rcfitczh1i dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img src=\"https:\/\/fast.wistia.com\/embed\/medias\/rcfitczh1i\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Like the video says &#8211; real estate agents aren&#8217;t paid by the hour!They&#8217;re paid a percentage of the purchase price in a successful real estate transaction.<\/p>\n<p>When one agent represents the sellers and another represents the buyers the commission is typically split between them.<br clear='none'\/>\nIn the US, real estate commissions are commonly 6% of the transaction usually 3%\/3% when split.<\/p>\n<p>No government or industry body sets commission rates. &#160;Legally, commission rates ARE negotiable. &#160;However, remember that agents only earn their commission on successful sales.<\/p>\n<p>Consider the work you want them to do for you to evaluate the value you should put on the commission they earn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like the video says &#8211; real estate agents aren&#8217;t paid by the hour!They&#8217;re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the commission is typically split between them. In the US, real estate commissions are commonly 6% of the&hellip;<\/p>\n","protected":false},"author":60,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[12],"tags":[16],"_links":{"self":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/posts\/2216"}],"collection":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/comments?post=2216"}],"version-history":[{"count":0,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/posts\/2216\/revisions"}],"wp:attachment":[{"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/media?parent=2216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/categories?post=2216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cloud02.titletapsites.com\/inspiredca\/wp-json\/wp\/v2\/tags?post=2216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}