25 Million Dollar Commission

Posted by Ric Thom on February 15th, 2012

In 2011 in the Albuquerque area, Bernalillo, Sandoval, and Valencia Counties there were 1431 real estate transactions closed using seller financing.  The average sales price was about $150,000.  If you assume every sale involved a realtor with an average commission of 6%, then there was about $12,879,000 in commissions paid in the Albuquerque area on seller financed transactions.  If the other 30 counties combined had as many transactions as Albuquerque, then the total number of transactions in New Mexico would be around 2862 and total commissions would be about $25,758,000.

Are you telling your buyer or seller about owner financing?  Send them to www.securityesrownews.com.  Do you want to learn more about real estate contracts or refresh your memory?  I instruct a 4 hour CE course called Practical Application of Real Estate Contracts.  Please check the class schedule.