Posted on October 26, 2016 - 02:08 PM
by Meridee Escalera
How do realtors get paid? Realtors are normally paid by the seller at closing out of the seller's proceeds. It is entered on the closing statement as a cost to the seller. It is normally a percentage of the purchase price instead of a flat fee. Both listing and selling agent split the percentage. There are some realtors that charge a "transaction fee" to buyers at closing. I am not one of those realtors. If a deal doesn't make it to closing for whatever reason then the realtor doesn't get paid. Let me know if you ever have any questions about the buying process.