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.
Commission
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.
