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Real Estate Glossary

Commission

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Written by Luis Escobar

This refers to the compensation paid to a licensed real estate broker that is usually taken from a percentage of the selling price of the property sold. The exact percentage varies, but usually it is 5% to 6% of the final sales price of the property.

This refers to the compensation paid to a licensed real estate broker that is usually taken from a percentage of the selling price of the property sold. The exact percentage varies, but usually it is 5% to 6% of the final sales price of the property.

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Luis Escobar

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