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0:00 0:25 As a smaller City Laurel experiences less demand for housing keeping prices. Down the presence ofMoreAs a smaller City Laurel experiences less demand for housing keeping prices. Down the presence of older homes in Laurel can bring down the price point but may require renovations.
How Do Real Estate Agents Get Paid? Home Sale Price6% Real Estate Commission50% to Listing Agent Brokerage 50% to Buyers Agent Brokerage $500,000 $30,000 $15,000 to each $400,000 $24,000 $12,000 to each $300,000 $18,000 $9,000 to each $100,000 $6,000 $3,000 to each1 more row
The average Mississippi 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 Mississippi State, agents may charge up to 6% of the homes value.
In the meantime, Bankrate lists four strategies to avoid realtor commissions. Fly solo. Pound that for sale by owner sign into the front lawn. Negotiate. Ask potential agents about their commissions up front and compare. Discount agents. Cash homebuying company.
In most cases, sellers cant refuse to pay a buyers agent if its agreed upon in a contract. If youve committed to paying the buyers agent fee in a document like a signed purchase and sale agreement, youre legally bound to fulfill this obligation.
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In Mississippi, home sellers typically pay real estate commissions, which are usually included in the seller closing costs. A buyer pays only for the home and their own closing expenses. ✍️ Important Note: A recent lawsuit challenging the National Association of Realtors (NAR) on commission practices has been settled.
What legal considerations should one be aware of when wholesaling in Mississippi? Wholesalers must ensure that their transactions are within legal bounds to avoid statutory violations. They should be mindful of contract laws and understand that wholesaling is legal in Mississippi within the proper legal framework.
Affordable Rates and Prices The state consistently ranks among the most affordable places in the U.S. to buy real estate, making it an excellent choice for both seasoned investors and those just getting started.

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