How Do Real Estate Agents Get Paid?

Most folks understand that Real Estate Agents work on commission, but where and who does the money come from? Here's a great article by Elizabeth Weintraub, About.com Guide, to explain how Real Estate Agents make their money.

To understand who pays real estate commissions -- whether it's sellers or buyers or both -- first take a look at how real estate agents are paid and how they share cooperating commissions. Don't be embarrassed if you don't know how commissions work because I've had clients who didn't know, even though I had sold their home, represented them to buy a new home and then later listed that home for sale. Full Story - Who Pays the Real Estate Commission?

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