We will start with some key points and then will show the financial picture.
Property was listed for $315,000
An agreed upon sales contract allowed buyer to purchase home for $300,000 (95.2% of the list price)
Agreed upon commission rate was 6%, which is $18,000
Seller will receive $282,200 for the sale of their home
What happens to that $18,000 Commission and how much does the agent really make?
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