Real estate commissions are based on a "percentage of the sales price" that is "mutually agreed to" by the people involved.
These are questions that the above text answers:
1. How are real estate commissions calculated?
2. What is the common method used to calculate real estate commissions?
3. What factor determines the percentage of the sales price used for real estate commissions?
4. How do people involved in a real estate transaction agree on the commission percentage?
5. What is the typical cost structure for real estate commissions?
6. What is the primary factor considered when determining the costs involved in real estate commissions?
7. How are the costs of real estate commissions determined in a transaction?