Real estate agents are licensed professionals who arrange real estate transactions, putting buyers and sellers together and acting as their representatives in negotiations. Real estate agents usually are compensated completely by a commission—a percentage of the property's purchase price, so their income depends on their ability to get a deal closed.

Buying a home is still considered a key aspect of the American dream. As a first-time buyer, you have access to state programs, tax breaks, and federally backed loans if you don't have the usual minimum down payment—ideally 20% of the purchase price for a conventional loan—or you're a member of a certain group (see the Important callout, below). And you may qualify as a first-time buyer even if you're not a novice.

Traditionally, an agent is paid a commission that is a percentage of the property’s sale price. The more the house sells for, the more money an agent makes. However, with online listings allowing consumers to do much of the shopping on their own without help from an agent, the traditional payment structure is changing.

Some brokerages charge a lower commission for more expensive houses, and some handle the entire transaction for a flat fee that’s much less than a regular commission. Other companies offer a fee-for-service pricing structure that lets sellers pay only for certain parts of the sale process, such as adding the property to a multiple listing service (MLS).

A realtor is a member of the National Association of REALTORS® (NAR), a trade association. Both agents and brokers can be realtors, along with property managers, appraisers, and other real estate industry professionals. Realtors are expected to be experts in their field and must follow the NAR's code of ethics, which requires agents to uphold specific duties to clients and customers, to the public, and to other realtors. In addition to NAR, realtors must belong to a state or local real estate association or board.

All realtors are real estate agents or brokers (or something related), but not all agents or brokers are realtors, in other words. As of June 2020, the organization reported that it had 1.4 million members. Roughly 2/3's of members held real estate agent's licenses.

With some painting and elbow grease turn this property into a cash flowing investment property or your single family home. The home sits on a spacious...

Ready to go 2-3 bedroom, 2 bath, updated ranch style home. Newly finished lower level with ceramic tile floor, egress window, ceramic tile, and 3/4 ba...

Exceptional new construction value! Huge 3 car garage. You will love the location, the backyard setting, the high ceilings the warranties of new const...

Real estate agents are licensed professionals who arrange real estate transactions, putting buyers and sellers together and acting as their representatives in negotiations. Real estate agents usually are compensated completely by a commission—a percentage of the property's purchase price, so their income depends on their ability to get a deal closed.

Great 4 bedroom 2 bathroom home. Has hardwood floors, 3 bedrooms on one level, main floor laundry, a large deck off the back....

Small town Great Value! This Ranch style home features Man floor laundry, main floor bedroom and full bath with shower, new carpet, all well maintaine...

Under Construction 2 beds 1 bath Walk out rambler. Home features Eat in kitchen, tile floors, vaulted ceilings, appliances and builder warranties. Jus...

New construction in Wanamingo. 2 Beds 1 Bath, 3 car garage. Easy access to HWY 52. Unfinished basement with potential for 2 more bedrooms, a bath and ...

New construction ONE LEVEL living! This new 1322 sqft townhome features master bedroom suite with wlk-in closet, guest bedroom, and guest bath, main f...

2 bedroom 2 bath Twin Home! This does not have an association fee and features all main level living, gas fireplace, sun porch and 3 stall garage....

Buying a home is still considered a key aspect of the American dream. As a first-time buyer, you have access to state programs, tax breaks, and federally backed loans if you don't have the usual minimum down payment—ideally 20% of the purchase price for a conventional loan—or you're a member of a certain group (see the Important callout, below). And you may qualify as a first-time buyer even if you're not a novice.

Beautifully restored 1895 Queen Anne Victorian home with 7bed/7ba nestled in 4.2 park-like wooded acres. Newly remodeled kitchen with farmhouse sink a...

Quiet country setting. This 5 bed 3 bath home features Chefs gourmet kitchen, cherry cabinets and granite center island that seats 5, double oven, 6 b...

Gorgeous new construction! This one level living offers 3 beds 2 baths featuring a open floor plan, ample cupboard space, center island, pantry granit...

Traditionally, an agent is paid a commission that is a percentage of the property’s sale price. The more the house sells for, the more money an agent makes. However, with online listings allowing consumers to do much of the shopping on their own without help from an agent, the traditional payment structure is changing.

Some brokerages charge a lower commission for more expensive houses, and some handle the entire transaction for a flat fee that’s much less than a regular commission. Other companies offer a fee-for-service pricing structure that lets sellers pay only for certain parts of the sale process, such as adding the property to a multiple listing service (MLS).

One owner beautiful ranch with panoramic views of the Zumbrota golf course and countryside! This well maintained home features open concept living, 11...

NEW CONSTRUCTION 1 LEVEL HOME! This 2 bedroom 2 bathroom home features master bedroom suite, master walk in closet, vaulted ceiling, eat in kitchen, o...

Affordable new construction home! This new construction home features 2 beds 1 bath home with a unfinished basement. This future 4 bed 2 bathroom home...

A realtor is a member of the National Association of REALTORS® (NAR), a trade association. Both agents and brokers can be realtors, along with property managers, appraisers, and other real estate industry professionals. Realtors are expected to be experts in their field and must follow the NAR's code of ethics, which requires agents to uphold specific duties to clients and customers, to the public, and to other realtors. In addition to NAR, realtors must belong to a state or local real estate association or board.

All realtors are real estate agents or brokers (or something related), but not all agents or brokers are realtors, in other words. As of June 2020, the organization reported that it had 1.4 million members. Roughly 2/3's of members held real estate agent's licenses.

Stunning ranch with ample square foot. This four bedroom four bath home with both levels finished features open floor plan, master bedroom suite with ...

Beautifully updated home close to ZM schools! You'll appreciate the Huge yard and new concrete patio for entertaining. This home boasts 30 year Shingl...

Enclave Team of RE/MAX Property. Call 507-287-7755 or Visit www.enclaveteam.com for info Own a large lot and manufactured home on a quiet, dead-end, s...

To be built by James Randall Construction. Please view listing at 682 18th St. Photos of similar home. (Possibly different color)Fountation in. Comple...

For sale by owner or FSBO is a term that refers to a specific method of selling a property. In an FSBO listing, the owner sells the property without the use of an agent or a broker. Sellers typically choose to sell their home on their own to avoid paying the real estate agent the commission for the transaction.