Agent’s Commission – How Much Should A Seller Pay?

When selling a house – is it practical for you to have it done through a real estate agent? If you want it sold fast, then the most logical thing to do is have it listed through an agent. These professional experts have experiences that can expedite the sale. But some are wary about employing an agent because of the commission outlay, an amount which could be quite material.

How much commission does a house seller have to pay to his agent? This has been a perennial question asked by a seller? Maybe there had been no straightforward answer given to this. All that has been divulged is that the agent’s commission is a percentage of the total contract price of the property sold. And that the commission is paid upon culmination of the transaction.

The truth about commission- there is no standard and legal commission rate. In reality, the setting of a fixed commission by real estate agencies is prohibited. This could be the reason why the amount of commission is not clear. Each agency has its own rate.

Real estate agencies can actually charge any commission they would want. It all depends on the people, the seller for that matter – how much this seller is willing to share to his or her agent from the proceeds of the sale. The commission can be very high as there is no ceiling. What keeps it down and reasonable is competition. Even in this setting of commission – the economic law of supply and demand seems to penetrate. The presence of many agents keeps the price down.

The commission is internal arrangement between the agency and the agents. The company can set a maximum and minimum rate for the agents and the latter are allowed to negotiate the commission with the clients. If the agent is under a broker, the commission has to be shared between them. Upon listing of the property, the agent already has stipulated the percentage of commission to be set upon sale. If this agent wants to lower this percentage, he has first to seek approval from his supervising broker. This can be done as there really is no fixed commission rate and the arrangement of rate is just internal.

But then there is one restriction – the agent can never divulge to other real estate agents the amount of commission to be put on top of the selling price. And in the same manner, real estate companies are not supposed to expose to any agent outside of the company their implemented rate. The commission earned on the sale is a split between the listing company or broker and the agent. The sharing between them is again a matter of agreement in-between.

Whatever is the amount of commission, a seller should know that he or she can haggle with it. The rate of commission, in this stiff competition, is negotiable. The seller can always search for better deal which will mean less expense for him or her.

Know More About Prepaid Legal Services and Its Marketability

The idea of the home business has only been strengthened with the growth of the internet and the online marketing environment. The only issue in regards to starting an online home business is in finding a demand that needs to be met online and then efficiently marketing that demand to increase your sales.

For those individuals who are not looking to design their own business and are instead interested in making money off of a system that already exists and has proven to be successful, then prepaid legal services is for you. The industry of law is in its highest demand in history as courts are overwhelmed by the multiple legal issues individuals are turning to the court to resolve.

Every person will one day require some form of legal support and realizing this will allow an individual the understanding of the solutions offered by it. The monthly affordable payments associated with a prepaid legal plan are highly preferred in comparison to the thousands of dollars an individual would pay for an attorneys services only once.

The opportunity to make money in the prepaid legal services environment arises with the ability to make commission based on the individuals you sign up to receive this fantastic service. It offer a large variety of legal services including preventative legal service, motor vehicle service, trial defense service, tax audit service, legal shield, as well as twenty-five percent off any service that is not included in the original services. The marketability of the it is high because it is a system that is ideal of any individuals current or future legal situations.

Selling a service to individuals may not be for everyone, although every individual does wish to attain the rewards available in the prepaid legal industry and now this is possible. The prepaid legal services plan has combined with the Blast Off system of online shopping. The Blast Off system is designed to provide shopping opportunities to individuals who desire to save money when shopping on the internet. This is a free service offered by Blast Off making it marketability very simple since it requires no investment from members that you sign up.

As the marketer you will make a commission from the purchases the individuals you signed up make through the Blast Off system. To even future boost your advantages, if one of your members decide to utilize the it offered on the Blast Off website you still receive the commission as if you sold it yourself. So now as a online marketer for prepaid legal services you are making commissions on the sales made through Blast Off in addition to the commission made with prepaid legal with little to no effort on your part.

Law Commission of India and Its Importance

The Law commission of India is a government authorized organization that is formed in conformity with the Indian laws. Primarily engaged in carrying out legal reforms, this government agency also acts as an advisory body to the Ministry of Law and Justice.

The first Commission of Law, formed in 1834 and led by Lord Macaulay, had proposed for the codification of the two important legislation’s, the Penal Code and the Criminal Procedure Code. However, after independence, the Law Commission was formed again in 1955 and led by the Attorney-General Mr. M. C. Setalvad.

Things to Know about the Law Commission in India

The members of the Commission of Law comprise expert research personnel and legal professionals. The Commission invites suggestions and inputs from the public, and organizes seminars and workshops throughout the country for collecting inputs for legal reform proposals.

After collecting the requisite data, it is filtered and evaluated by the Law Commission’s staff. A detailed report is prepared by a Law Commission member on the basis of the information collected.

The report is thoroughly analyzed in the Commission’s meetings, which may last for hours. The finalization of the report is done after a consensus is reached among the members.

After finalization, the commission may decide on drafting amendments or recommending a new bill. Finally, the report, and the bill or the amendment is submitted to the government of India.

The Law Commission has implemented various strategies to collect valuable information and inputs from the public. The current Law Commission of India is led by Justice P. V. Reddi. You may mail your suggestions at the official e-mail id [email protected] addressed to Dr. Brahm A. Agrawal, the Member-Secretary of the Commission of Law.