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  2. Net proceeds from the sale of a house: How much do you ... - AOL

    www.aol.com/finance/net-proceeds-much-really...

    Gross proceeds are the total amount that the seller receives from the sale of the home. Net proceeds are the amount that the seller actually pockets after paying the mortgage balance and various ...

  3. Realtor lawsuit settlement unburdens home sellers from heavy ...

    www.aol.com/finance/realtor-lawsuit-settlement...

    “The idea is less commission means people will be willing to take less on their homes,” Gernelle Bokuniewicz, a Realtor and founder of Lively Real Estate in Volusia County, Fla., told Yahoo ...

  4. How much money do you get when you sell your home? - AOL

    www.aol.com/finance/much-money-sell-home...

    Commissions: The average real estate commission is between 5 and 6 percent of the home’s sale price. So, if you sell your home for $400,000, you would likely pay commissions totaling somewhere ...

  5. Real estate agents and brokers - Wikipedia

    en.wikipedia.org/wiki/Comparative_market_analysis

    The result is the seller pays less commission overall (roughly half) when the property sells. [11] This is because a seller will pay a percentage of the sales price to a buyer's agent but not have to pay a percentage to a seller's agent (because there isn't one; the seller is representing himself).

  6. Ordinary income - Wikipedia

    en.wikipedia.org/wiki/Ordinary_income

    A "short term capital gain", or gain on the sale of an asset held for less than one year of the capital gains holding period, is taxed as ordinary income. Ordinary income stands in contrast to capital gain, which is defined as gain from the sale or exchange of a capital asset. A personal residence is a capital asset to the homeowner.

  7. Gross income - Wikipedia

    en.wikipedia.org/wiki/Gross_income

    The amount of income recognized is generally the value received or the value which the taxpayer has a right to receive. Certain types of income are specifically excluded from gross income for tax purposes. The time at which gross income becomes taxable is determined under Federal tax rules, which differ in some cases from financial accounting ...

  8. How do real estate agent fees and commissions work? - AOL

    www.aol.com/finance/real-estate-agent-fees...

    Alternatively, you could consider working with a low-commission real estate agent, who will likely charge much less than a traditional agent would (usually 1 to 1.5 percent of your home’s sale ...

  9. Doyle v. Mitchell Bros. Co. - Wikipedia

    en.wikipedia.org/wiki/Doyle_v._Mitchell_Bros._Co.

    Doyle v. Mitchell Bros. Co., 247 U.S. 179 (1918), was a United States Supreme Court case defining gross income. The case held that gross income includes the gain on sale of assets, i.e., the proceeds less cost basis. An alternative theory that gross income should be the gross proceeds, and the cost basis should be allowed as a deduction, was ...