Reply To: Abusive Agent’s Commissions

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Anonymous
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Also – for whatever it is worth, when an agent quotes a commission rate, it does not include IVA. Just as when a lawyer quotes a 1% fee for his services, this does not include the IVA which must be paid on that as well.

So the commission is always more then the stated rate. This is something a good agent will make sure his client is aware of – all of the “extra” costs involved in buying and selling property.