sales commission amounts

sales commission amounts

Typically a percentage of the gross sales price of the property, although some brokers are now offering flat-fee commission structures for minimal services, with add-on fees for additional services selected from a menu of items. It is illegal for any organization or group to establish a standard commission rate, because that would amount to price-fixing. Individual brokers may decline to accept any listing for less than a certain minimum commission level or percentage, though. The average commission for a home sale is in the range of 4 to 7 percent, except that a more difficult property might require a commission as high as 10 percent in order to interest a broker. Commercial, industrial, and farm and land properties typically have higher commissions,but there may be complex formulas for calculating them,rather than a simple percentage of the sale price.

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The reduction is due in part to PPACA's ban on using personal health information other than age and tobacco use in individual product underwriting, in part to sales agent commission cuts, and in part due to a large increase in the number of enrollees who are coming in through the Web, without any sales commission amounts owed, according to Lee's analysis.