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How Do Realtors Get Paid?

How Do Realtors Get Paid?

Buying or selling a home in North Carolina can be an exciting and complex process, and one of the most important things to consider is how your Realtor will get paid. Let’s dive into the world of real estate commissions and explore how Realtors in NC get paid.

First things first: most Realtors in NC work on a commission-based model. This means that they only get paid when a home sale is successfully closed. The commission is typically a percentage of the home’s sale price, with the average commission in NC typically 6%.

So, if you’re selling your home for $300,000, and your Realtor charges a 6% commission, they would earn $18,000 from the sale. While this might seem like a lot of money, it’s important to remember that Realtors work hard to earn their commission. They spend countless hours marketing your property, showing it to potential buyers, negotiating offers, and ensuring a smooth closing process.

But who actually pays the commission? In most cases, the commission is split between the buyer’s agent and the seller’s agent. The seller typically pays the full commission, which is then divided between the two agents. This means that if you’re selling your home, you’ll be responsible for paying the commission to both agents.

So, there you have it – a quick rundown of how Realtors in NC get paid. If you’re thinking about buying or selling a home, it’s important to work with a trusted and experienced Realtor who can help you navigate the complex world of real estate. And remember, while the commission may seem like a lot of money, it’s a small price to pay for the expertise and guidance of a skilled Realtor.

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