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Posted on Feb 11, 2012 | Tags: conveyancing, residential sale | Comments (0)
Commission is the monetary sum paid to (most generally) real estate agents upon the sale of a property. The amount of commission is determined by the seller and agent at a fixed rate. Usually, the amount you pay the real estate agent will be determined by the sale price - the higher the price, the greater the commission, as the commission is most generally calculated on a percentage basis (of the price).
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