chariottrading
19.06.2021 13:27:14
As a seller, you want a real estate agent who can broker the best sales price and terms for you, but good agents aren’t cheap. As with most things in life, you get what you pay for.
See full version: The Real Estate Commission: How Much Are Realtor Fees
As a seller, you want a real estate agent who can broker the best sales price and terms for you, but good agents aren’t cheap. As with most things in life, you get what you pay for.
However, because it puts them in a sticky position of having to work for both the seller and the buyer, many agents don’t practice dual agency—and some states don’t even allow it. I believe it creates a conflict of interest. After all, clients hire me to represent their best interests. How can I do that when I’m sitting on both sides of the table? more
As a real estate agent myself, allow me to tell you firsthand everything you need to know about real estate commissions, from who pays to how much to where that money goes.
In other words, if you’re a home seller, you can certainly ask your agent to reduce their commission, but be aware that he is not obligated to do so. here
Buyer’s and seller’s agents typically split the commission. So if a home sells for $200,000 at a 6% commission, the seller’s agent and buyer’s agent might split that $12,000, and each receive $6,000.
Generally, the home seller pays the full commission for the services of both their own listing agent and the buyer’s agent (assuming the buyer has one).
Sales closing in the presence and/or control of the selling broker who receives compensation from the sale are not exempted from the obligation to collect retail sales tax.
Dealers selling boats for subsequent resale (without intervening use by the buyer) may accept a valid reseller permit from the wholesale buyer. In this case, the sale is reported under the wholesaling B&O tax classification and sales tax is not collected.
Boat dealer: one who is engaged in selling boats it owns.
Brokers selling property in their own name: report the sales under either the retailing or wholesaling B&O tax classification (based on whether a valid reseller permit is received) on the full amount of the sale (selling price).
Reporting requirements: of dealers selling vessels they own can differ from those for brokers selling vessels owned by others. more
Dealers: making retail sales to consumers report under the retailing B&O tax classification and collect retail sales tax.
Issacson is exactly the type of person who could benefit from using a boat broker. Boat brokers are similar to real-estate agents, but with important differences: They're far less regulated, and their commission is 10 percent rather than six percent. Unlike realtors who must take classes, sit for an exam, and be licensed in every state, only boat brokers in Florida and California have to be licensed and only California requires an exam. In most other states, anyone can call themselves a boat broker. And while all brokers have certain legal responsibilities to their clients, selecting one should be done carefully. Ask around at your marina or boatyard and get referrals from others who have used a broker before. Talk to two or three and get a feel for them, just as you would with a real estate agent. One way to increase your chances of finding the right broker is to look for a Certified Professional Yacht Broker (CPYB). These brokers are members of the Yacht Brokers Association of America (YBAA), have taken a comprehensive exam, have pledged to abide by a code of ethics, and will work with the BoatUS Dispute Mediation Program (see links in sidebar).
A broker can take the complications out of buying or selling your next boat. (Photo: Michael Vatalaro)
Correctly pricing a boat is critical to getting it sold, and an experienced broker has a very good idea of what a boat will sell for and can price it accordingly. Brokers typically have access to what similar boats have sold for in the local area and they'll prepare a listing based on the kind of boat and type of buyers expected. They'll take photos, write an enticing description, and recommend things to improve the look and marketability of your boat. Brokers can also help you navigate some of the more confusing aspects of selling such as corporate ownership, loan payoffs, bills of sale, and other documents needed for transferring ownership. Aside from listing and advertising the boat, their most important job is helping move the process along once a buyer is found. Brokers can also help a buyer obtain financing and assist with changing the USCG documentation. While the 10-percent commission is usually not negotiable, brokers will sometimes discount it for a sale that might be falling apart because of a survey report or other defects found on a boat. The different listing contracts used by brokers can be confusing, but they're not complicated once you understand the two main types, a central agency agreement and an open listing agreement.
It's important to remember that the broker in a typical sale is getting paid by and working only for the seller, not the buyer. A broker will try to get the highest possible price (that's what his commission is paid from) and will try to sell his client's boat even if it's not necessarily the best deal for you. You're on your own with negotiations and paperwork advice. You can, however, enter into an agreement with a broker through a buyer's broker arrangement. A buyer's broker will represent you, not the seller. Once they know what you're looking for, they can scour their sources and suggest likely boats for you to view, assist in negotiating a price, and help with the paperwork. Typically, a buyer's broker gets a commission split from the seller's broker so there's no cost to you, but read the agreement before signing.
The stock broker commission percentage varies depending on the type of work you do for clients. Full-service brokers providing personalized advice might charge a commission equal to 1 percent of the assets they manage.
Even if you're a natural whiz at analyzing the market, employers want to see at least a four-year degree. There's no degree specific to a stock broker career, but a bachelor's in business, finance, accounting or the like will make you more marketable. An MBA can give your resumé an added punch. While you're in college, hunt for internships. Becoming an intern will give you an up-close view of what life in a brokerage is really like. It's also an excellent starting point for networking into a job once you complete your studies. here
Brokerage fees can get complicated. Depending on your employer, there may be commissions on sales, a fee for assets under management and account fees. Figuring out an average stock broker fee with so much variation is difficult. [links]