What is the New Jersey Real Estate Commission?
What is the New Jersey Real Estate Commission?
NJDOBI | NJ Real Estate Commission. Established in 1921, the New Jersey Real Estate Commission (REC), a division of the New Jersey Department of Banking and Insurance, was created to administer and enforce New Jersey’s real estate licensing law, N.J.S.A. 45:15-1 et seq.
Who pays closing costs in NJ?
In New Jersey, as in most states, it’s common for both the buyer and seller to have their own closing costs during a home sale. It’s typical for sellers to pay for the real estate agent commissions, transfer fees relating to the sale of the home, and (in some cases) their own attorney fees.
Are there any realtor commissions in New Jersey?
We also offer 1% listing plans one percent, two 2% percent and three 3% percent plans. The one place to go for discount real estate agent commissions. In New Jersey All Commissions Are Negotiable.
How much is a 2% real estate commission?
Paying a 2% real estate commission could save you thousands of dollars, depending on your home’s price. A 2% listing fee means you’ll pay 4.5-5% in total commission if you offer a competitive buyer’s agent commission.
Where can I get a realtor with low commissions?
To list your home with a low commission, low fee, discount realtor real estate agency, call today. Also offering flat fee mls, by owner mls, FSBO mls, etc. Homes for sale in Toms River, Homes for sale in Brick,, Ocean County, Monmouth County and more plus Buyer Rebates of Real Estate Commissions.
What’s the difference between buyer’s agent and 2% Commission?
Your agent will likely recommend you offer a full buyer’s agent commission as well — typically another 2.5-3% (although this varies by location). So, when you use a 2% commission realtor to sell your house, you’ll actually pay 4.5-5% in total commission — a savings of 20-30% compared to the typical 5-6%.