^ENE PETTIS
Real Estate Commission
,> There is no set rate at which real estate .
brokers are expected to charge commis- *?
sion. Commission rates are negotiable
between the parties.
One gentleman had a problem with his
digestion and made weekly visits to Us
doctor. The office call, plus the weekly
prescription cost him $15. This continued for
two years and the problem remained .
unsolved. Finally, be was convinced to go to
the clinic to be checked by a specialist This >
coet him $250, but he has not been bothered
witfe the problem since. Specialists usually
coat a little more, but are almost always
c
^Nobod^knowB better than your broker ^
what his service* ^are worth. Should you
shop around to find fite broker who will take
your listing at the lowest commission rate?
\Do you shop around for a doctor who
wiUcbargethe lowest fees or do you select
your doctor on the basis that your consider
him tbbe the one who can best satisfy your r
& kMrokdr to briflt you
iFl'l
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worth. Do not askliim to work far less. You
will only be'cheating yourself. •. •
Whether or net yon owe s commission
depends upon the type of listing contract
you sign and the provision it contains. The
Court usually will make the finJU decision in
a commission dispute, but, as laymerirwe
are allowed to explore different situations
and predict the outcomes. •> ■' :
Usually an exclusive right Hating contract >
provides that the broker is entitled to a
if be sells the property, an- .
sells it, or It is sold by anyone
during the listing period. The broker is due
his commission regardless of who sells the
property. When you list your property and
then personally sell it, be prepared to pay a
commission, usually you owe it ._^3>
The listing contract is' an ag^mut
contract between you and the broker in
which you agree to pay the broker a
commission if he produces a buyer ready,
willing and able to buy your property at
your price or at any otter price and terms
acceptable to you.
Remember, the broker’s commission is
based on percentage, so when the property
sells for less than the original asking price, >■
the broker receives less. The broker, of
course, wanted to find a buyer fair you St
your price.
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' Morehead
Medical Of^GYN
f, . f Specialbt
I^^Won-tedAbo^'" '
Being Pregnant f
We Care.
r'.1 554
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