Brokerage as commission of the broker

Brokerage – An amount of money that a real estate agent or real estate company receives when a purchase, rental or lease agreement is successfully brokered. In real estate, these amounts are set by law and are based on the purchase price of a property or the set monthly rent for the particular rental property. Either the seller or the buyer must pay for the amount of money to be paid, depending on who commissioned the real estate agent.

Brokerage fee at a glance: The brokerage fee

  • Amount of money paid to real estate agents or companies for the successful brokerage of a rental or purchase object
  • Amounts are fixed by law
  • Amounts depend on purchase price or monthly rent
  • Ordering party (buyer or seller) must pay a sum of money

Back to the wiki: Real Estate