The real estate agent’s commission is a fee that a real estate agent receives for their brokerage services in connection with a purchase or lease agreement. The amount of the commission varies by state and can be split between the buyer and seller or the landlord and tenant. Before signing a contract, prospective clients should carefully review the amount of the commission as well as the exact services provided by the agent and negotiate if necessary. A real estate agent’s commission is usually not due until a purchase or lease agreement has been successfully concluded.
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