How Is My Realtor Paid?

Like professionals in other sales-based industries, the Realtor pay structure is based largely on commissions derived from successful transactions. Here's how it works:
 
Seller's agent (or listing agent)
The sellers and their agent agree to a commission percentage, in which the agent’s payment is based on the final sale price. The amount will vary depending on the area and the agent.
 
Buyer's agent
At the close of the transaction, the seller's agent splits the predetermined commission with the buyer’s agent as compensation for delivering a buyer. This split is usually about half of the total commission.
 
For example, if a listing is listed with a 6% commission, the typical breakdown is 1.5% to the listing broker and 1.5% to the selling broker.  Then 1.5% to each agent.  Most brokers and agents spend a tremendous amount of money on marketing every year.  It takes a lot of money to sell a home.

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Community Updates

Kiwanis Park

Kiwanis Park in Spirit Lake

Kiwanis Park
1100 23rd St
Spirit Lake, IA 51360

Close to the schools, Fareway Grocery and the bike trails, Kiwanis park offers a Shelter house, access to the bike trail system, good playground equipment, especially for younger kids, grills, park benches, picnic tables and has handicap-accessible restroomsKiwanis Park
1100 23rd St
Spirit Lake, IA 51360

Close to the schools, Fareway Grocery and the bike trails, Kiwanis park offers a Shelter house, access to the bike trail system, good playground equipment, especially for younger kids, grills, park benches, picnic tables and has handicap-accessible restrooms

Real Estate and MLS Homes For Sale in Spirit Lake

Grace Lutheran Church

Grace Lutheran Church in Spirit Lake

Grace Lutheran Church
801 Hill Ave
Spirit Lake, IA 51360

Services
Saturday at 4 p.m. (informal)
Sunday at 10 a.m. (familial)
Wednesday at 6 p.m. (interactive)

Real Estate and MLS Homes For Sale in Spirit Lake

Humane Society of NW Iowa

Humane Society of NW Iowa in Milford

The Humane Society of NW Iowa is an amazing non-profit organization in the lakes area. They are a no-kill shelter, run on donations from locals, and special events in the area throughout the year. The facility has started "PAWS with a Cause," a program that gives back to the community, by bringing animals to care facilities in the area, as well as provide a program for the youth in the area to teach them about how to be a responsible pet owner.

Real Estate and MLS Homes For Sale in Milford

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