Hi All.
We get conflicting information around commissions for real estate agents in the DR. We simply are interested to see how all are motivated monetarily to make the right decisions in buying and selling and managing property.
Is it true that the "listing agent" receives 2% of the commissions earned. For example if Jose is the listing agent and Juan is the selling agent - Juan sells the property for $100K and makes 3% himself or $3000 that he then gives Jose $60 for listing it. (Sounds quite silly, I know). I was also told that the listing agent gets nada and the full commission goes to the selling agent even if the transaction is between diffrent real estate firms.
Lastly, what is more common in the DR - a property manager that is also your listing agent (real estate agent) or a 3rd party property manager that may or may not sell real estate.
Thanks.
We get conflicting information around commissions for real estate agents in the DR. We simply are interested to see how all are motivated monetarily to make the right decisions in buying and selling and managing property.
Is it true that the "listing agent" receives 2% of the commissions earned. For example if Jose is the listing agent and Juan is the selling agent - Juan sells the property for $100K and makes 3% himself or $3000 that he then gives Jose $60 for listing it. (Sounds quite silly, I know). I was also told that the listing agent gets nada and the full commission goes to the selling agent even if the transaction is between diffrent real estate firms.
Lastly, what is more common in the DR - a property manager that is also your listing agent (real estate agent) or a 3rd party property manager that may or may not sell real estate.
Thanks.