
MAINE REAL ESTATE COMMISSION Maine Form
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People also ask
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What is the commission for real estate agents in Maine?
The average Maine real estate commission is 5.53%. However, this rate may vary based on the agreement, property type, and market conditions. Real estate agent commission rates also vary depending on your location. In major cities like Portland and Lewiston, agents may charge up to 6% of the home's value.
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How much does the average realtor make in Maine?
Realtor Salary in Maine Annual SalaryMonthly Pay Top Earners $136,516 $11,376 75th Percentile $121,000 $10,083 Average $96,921 $8,076 25th Percentile $77,000 $6,416
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What is the new realtor law in Maine?
As of August 17, 2024, the MLS is required to eliminate and prohibit any offers of compensation in the MLS between listing brokers or sellers to buyer brokers or other buyer representatives. This means that sellers can choose whether or not to include this compensation at the time they list their home.
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What percent commission do most real estate agents make?
What percent commission do most real estate agents charge? Typically, each agent involved in the transaction (one for the buyer, one for the seller) earns somewhere between 2.5 and 3 percent of the home's sale price as their commission fee.
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