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How does the Realtors Multiple Listing Service (MLS) work?
How do Real Estate Agents get paid?
How much do Realtors charge to list or sell a house?
How do real estate commissions work?
There are three categories of seller closing costs:
(1) listing costs, for us the low flat fee paid upfront and nothing additional,
(2) buyer agent commission, which you select the amount to offer (2-3% is most common) and it is listed in the MLS where agents can see the offer before they decide whether to show your property (this commission is paid by the seller at closing), and
Purchase contracts, sales agreements are generally not necessary for a seller as they are provided by the buyer/agent in 90%+ offers. In most areas, the purchase agreement, disclosure, lead paint, and standard addenda forms are available, and are often listed as included as one of the bullet point items in some of the packages. In some areas there is an additional charge for the forms.
Services for real estate buyers and sellers who have already found each other and need to close the transaction can be found at https://CloseMyHomeSale.com
