Find Out How the Commission Structure Works

First, what is a commission?

Commission - The negotiable percentage of the sales price of a home that is paid to the agents of the buyer and the seller.

Second, how do commissions work?

When a seller contracts with a selling agent to help sell their home, they negotiate the amount of the commission the seller will pay to both the listing agent and the buyers' agent.

Example:

Let's say you are selling your house. You decide to sell for $250,000. If you use a traditional Realtor to help you sell, you will typically pay a 6% commission. This 6% typically gets split in half, with 3% going to the seller's agent and 3% going to the buyer's agent. Remember, all of these commissions are supposed to be negotiable!

Home Price :	$250,000
Total Commission :	6%
You Pay :	$15,000 (250,000 x 6%)
Selling Agent Gets :	$7,500 (3% of the 6%)
Buying Agent Gets :	$7,500 (3% of the 6%)

So, why should you use OpenTheHome.com?

Whether you are buying or selling we will save you money!

Example:

Using the same example of you selling your house for $250,000.

	Other Realtors	OpenTheHome.com
Home Price :	$250,000	$250,000
Total Commissions :	6%	4%
You Pay :	$15,000	$10,000
Selling Agent Gets:	$7,500 (3%)	$2,500 (1%)
Buying Agent Gets :	$7,500 (3%)	$7,500 (3%)

Selling your home with OpenTheHome.com saved you $5,000!

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