Paying a Real Estate Commission in Utah County | Buy Provo Utah ...

Who Pays the Real Estate?Commission in Utah?

Real estate commissions are always part of the transaction in buying or selling homes in Provo, Utah if you use a Realtor.? But who actually pays this real estate commission?? The simple answer would be the real estate broker.? Real estate agents in Provo work for a real estate broker.? Their are two types of broker.? A principal broker and an associate broker.? The principal broker is typically the owner.? Thus, it is the broker who transacts with a seller regarding the listing agreement and it is the broker who pays the agent his fees.? Furthermore, it is only the broker who can pay the real estate commission.? But if you would like to know more about where the payment actually comes from, read on.? A Realtor can not accept money directly from a Buyer or Seller or they could lose their real estate license.

How commissions work in Utah County

Commission percentages vary greatly between the new and under performing Realtors in? Utah County and the top selling or best performing agents.? New Realtors can be paid around 60 percent of the total commission that is received by the brokerage he works for.? From this, other expenses may still be charged such as advertising fees, signage fees, and other incidental and office expenses.? This means that the Realtor will net less than 50% of the total commission for his work. On the other hand, the top selling agents in Provo can command up to 100% of the commission.? They will just have to pay their brokerage some sort of desk fee which they have agreed to earlier.

Commissions are negotiable.? Some people pay 6% commission while others may pay 5% or 4%.? We are seeing some brokerages charge a flat fee without services then posting homes to the MLS for a 3% commission.? Commission is between the seller and the Realtor.? The amount of commission is not fixed or standard like many people assume.? If you get a low commission you may be also getting lousy or not marketing.? Be careful and choose a Realtor you trust and get the services you want for a commission you want.

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Sellers Pay the Commission for the Property in Provo, Utah

The seller in Provo UT is the one who pays the commission to the broker and the real estate agent under the buyer?s broker agreement.? This means that if the brokerage firm operates at a 3% commission, this amount will be added to the total payment that will be charged.? However, in some instances, listing brokers in Provo might offer commissions lower than that charged by the buyer?s broker.? In this situation, the buyer might end up being the one paying the lacking amount.? For example, for the brokerage firm that operates at 3% commission, if the listing broker only pays 2.5%, the buyer will be left to pay the remaining 0.5%.? There are instances though where the buyer?s broker will waive the 0.5% so the buyer will no longer have to pay it.

The Buyer of the Property in Provo, Utah Pays the Commission

In the end though, it is usually the buyer who ends up paying for the real estate commission in Provo, Utah.? This is because the commission is usually already part of the sales price that the buyer sees. The seller or the broker includes this amount in the price of the property that will be listed. Without these commissions, the buyer might be able to buy the property in Provo, UT at a lower price than the one that is listed.

Even if it is the brokerage who is tasked to pay the real estate commission in Provo, the amount is actually paid for by the buyer.? It is the buyer who ultimately has to shell out the amount for the list price of the property in Provo with all of the commissions and other expenses already included in it.

Make sure that you know your commissions are reasonable by getting a trustworthy Realtor.? Consider hiring Team Teasdale Realty to represent you when buying a home in Provo or anywhere in Utah County.

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About Principal Broker of Team Teasdale Realty

Team Teasdale Realty Specializes in Assisting Real Estate Buyers and Sellers in Utah County. Paul Teasdale is the Principal Broker of Team Teasdale Realty and has sold over 900 homes or $160 Million in Sales in the past 17 years. Paul graduated from BYU in Business Management in 1995 after serving a mission in the Netherlands. He began selling Real Estate in Utah County between classes at BYU. His family has now grown to six beautiful children. Paul is consider one of the highest producing Realtors actively selling Homes in Utah County. In fact, he sold 68 homes in 2011 and plans to sell many more in 2012. If you are thinking of buying or selling a home call Paul today. He will not only answer the phone but give you some good advice on how to get an amazing deal on your next home. Work with one of Utah County's finest Professional Realtors .............................................................Call Paul today at: 801-491-7653.

Source: http://buyprovohomes.com/2012/03/28/real-estate-commission-utah-county/

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