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A word about Real Estate Commissions & Greedy Realtors

When you list a home with a Realtor you realize that your going to pay a Commission, but do you know how that commission is used? Usually when I take a listing if the Commission is 5% I will split it 2.5% for me and 2.5% for the other Real Estate Firm. I have seen several cases (especially in one local real estate firm in my town) where an agent has taken a listing at 5% and only gave out 2% to the buyers broker. You ask well why does that matter to me Im paying 5% and 5% is 5% right? WRONG!!!! your Realtor is lying to you and not representing you in the best way that they should. #1 check your listing agreement against the actual MLS listing make sure your agent is giving out the correct commission to make sure you are getting proper exposure on the MLS many agents are of the mindset of passing up listings that are only giving out 2% just to get to the ones that are giving out 2.5% so next time you list your home don't list with A GREEDY REALTOR!!!!

Posted Tuesday Apr 21

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