Welcome or Register

How And When The Commission Is Earned

​_____________________________________________________

How and When Listing Commissions are Earned

Your listing contract specifies a listing price. Your agent’s job is to bring a "ready, willing and able" buyer to present an offer. If you reach agreement with the buyer, then the agent has done his job and earned the commission. Once the sale has closed, the real estate broker gets paid from the proceeds of the sale.

If the buyer proves unable or unwilling to conclude the sale, the house is placed back on the market and the agent has to begin earning his or her commission all over again.

However, if the seller backs out or does not accept an offer that meets the price and terms of the listing agreement, the listing broker has still earned the commission. They may want to be paid, even though you did not actually sell your home. Therefore, it is very important to carefully consider every detail when completing your listing contract and accepting an offer to buy your property.

copyright 2000 by Terry Light and RealEstate ABC, revised 2002 

​_____________________________________________________

7Previous Return To Seller Tips   Next8

Quick Search


view all


Any

Any

No Min.

No Max.

Don't Miss a New Listing Again

Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

*Contact Information NOT Shared*

agent photo
Patricia Joyce
9 West Main Street
Clinton, NJ 08809
Office: (908) 735-8140
Cell:  (908) 303-0184
Fax:  (908) 735-8372
Email: pjoyce@pjoyce.com

Contact Me







* fields are required

All of your information is kept strictly confidential. Any information that you provide will not be shared or sold to anyone. By submitting this form with your telephone number you are consenting for Patricia Joyce and its authorized representatives to contact you even if your name is on the Federal "Do not call List".

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu