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Sometimes buyers or sellers are concerned about how to pay their realtor in a real estate transaction if they choose to use one
Realtors are often commission-based and are often paid at an hourly rate
This means that the price that the seller or buyer is supposed to pay the realtor is a pre-determined percentage of the purchase price of the property. That term is negotiable by the attorney ahead of time during the agreement of sale
Once the agreed upon percentage is made, the realtor is then paid out of the proceeds of the sale at the closing, typically by the seller
A realtor doesn’t get paid until the transaction is final