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Baja13

Jun 3, 2016, 11:36 PM

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Real estate salesperson

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Does anybody have an idea what percent real estate salespeople make in Mexico on their commission?



YucaLandia


Jun 4, 2016, 6:40 AM

Post #2 of 13 (5971 views)

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Re: [Baja13] Real estate salesperson

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Does anybody have an idea what percent real estate salespeople make in Mexico on their commission?

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6% ... and up... are common here in Yucatan.
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Read-on MacDuff
E-visit at http://yucalandia.com


chicois8

Jun 4, 2016, 7:55 AM

Post #3 of 13 (5958 views)

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Re: [Baja13] Real estate salesperson

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Same 6% around the Puerto Vallarta area............
Rincon de Guayabitos,Nayarit
San Mateo, California


rvgringo

Jun 4, 2016, 10:16 AM

Post #4 of 13 (5940 views)

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Re: [chicois8] Real estate salesperson

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The commission to the agency is 6%, but that is not what the real estate sales person gets. He would be lucky to get 1/2 of the commission if there is no other agency involved. If another agency is involved, they might get 1/2, and the listing agency get 1/2, or 3%. So the selling agent might only get 1.5% of the selling price, or about $3000 on a $200,000 sale.


(This post was edited by rvgringo on Jun 4, 2016, 10:23 AM)


Baja13

Jun 4, 2016, 10:20 AM

Post #5 of 13 (5938 views)

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Re: [rvgringo] Real estate salesperson

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Ok, thanks!


hunteradvisor


Jun 5, 2016, 6:59 AM

Post #6 of 13 (5869 views)

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Re: [Baja13] Real estate salesperson

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AMPI agents charge 8% in PV.
Isabel
www.RanchoSolyMar.com


chinagringo


Jun 5, 2016, 7:29 AM

Post #7 of 13 (5866 views)

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Re: [rvgringo] Real estate salesperson

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And how about the tax that one gets to pay on the commission? Seems to me that this factor calls for a reality adjustment to the effective cost to sell a piece of property?
Regards,
Neil
Albuquerque, NM



YucaLandia


Jun 5, 2016, 10:11 AM

Post #8 of 13 (5850 views)

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Re: [chinagringo] Real estate salesperson

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And how about the tax that one gets to pay on the commission? Seems to me that this factor calls for a reality adjustment to the effective cost to sell a piece of property?


What is that "tax that one gets to pay on the commission" ?

Are you referring to the 2% acquisition tax that is deductible from the basis?

Thanks, steve
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chinagringo


Jun 5, 2016, 10:28 AM

Post #9 of 13 (5847 views)

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Re: [YucaLandia] Real estate salesperson

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Prior to all the law suits involving the Real Estate Agent Group at Lake Chapala, the listing agreement required that the seller pay the IVA on the agent's commission. Granted, I don't know if this practice is common everywhere in Mexico or if after the law suits, it went away along the north shore? At the time it was in effect, the seller's payable commission rate was definitely impacted. Just to be clear, I am not referring to any other standard fees, etc which are paid at time of closing.
Regards,
Neil
Albuquerque, NM



YucaLandia


Jun 5, 2016, 10:48 AM

Post #10 of 13 (5846 views)

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Re: [chinagringo] Real estate salesperson

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So I understand clearly,, I've got a few followup questions.

This tax did not exist at one time? ... and
This tax is not listed in the ISR as the seller's responsibility?

Next: This 'tax' only appeared locally in on small area, as a result of some local law suits against one estate-agent group in Lake Chapala?

and: This supposed 'tax' is not legally mandated to be levied directly against the seller (not part of the ISR's published rules) , but is a part of special local real-estate contracts in one locale, ... required by one group of agents, ... used just for some period of time in the past, ... only after the local lawsuit?

So: We have no evidence that this local estate-agent contract clause is still in use in the Chapala area?

If those things are true, then maybe we should beware using estate-agents who insert this extra 'tax' into their contracts?

I would imagine that estate-agents would love to get us to pay their income taxes for them ... if we agree to sign special (not-mandatory) contracts with them.

Can we imagine a car mechanic charging us extra, to cover their income taxes that he pays to Hacienda?

Can we imagine doctors charging us extra, for their income taxes they pay to Hacienda?

Chapala has always been special... in so many ways.

As Rollie used to say: "They march to the beat of their own drummer."

Thanks for the clarifications, steve
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E-visit at http://yucalandia.com

(This post was edited by YucaLandia on Jun 5, 2016, 11:10 AM)


chinagringo


Jun 5, 2016, 10:58 AM

Post #11 of 13 (5842 views)

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Re: [YucaLandia] Real estate salesperson

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Further clarification the payment of ths IVA tax existed prior to the law suit and I only raised the law suit issue because I don't know where things currently stand. It was on our contract to sell back in 2005 and I am being candid when I say that I have no idea what the practices were/are elsewhere. As Rolly stated and I will restate in my own words: "one of the only consistencies in Mexico is its inconsistency"!
Regards,
Neil
Albuquerque, NM



rockydog85251

Jun 5, 2016, 11:42 AM

Post #12 of 13 (5834 views)

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Re: [chinagringo] Real estate salesperson

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When we sold our house in MZT last year, we had to pay the tax on the commission paid.
When I was selling RE up there when the earth was still cooling, we had ways to avoid it....UNTIL Hacienda started doing audits! Things have changed.......
Willie


YucaLandia


Jun 5, 2016, 1:17 PM

Post #13 of 13 (5828 views)

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Re: [rockydog85251] Real estate salesperson

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Thanks to both Neil and rockydog for the good clarifications
and good updates.
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Read-on MacDuff
E-visit at http://yucalandia.com
 
 
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