A little corner to discuss fee for service real estate virginia
The traditional method of computing real estate commission is based upon an unfair and unreasonable division of money. Conventionally, real estate commission is based on a set percentage of the final sale of the house. No matter how much, or how little, work your realtor accomplishes, you are forced to pay your realtor the agreed upon percentage once your house sells. Let's use a real life example to further explore this unfortunate agreement. What if your house sold for $200,000 and you agreed to pay your realtor six percent commission? In this situation, your realtor would receive $12,000 of the final sale of your house.