how much do real estate agents make in commission
Best answer
6%
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How do real estate agents get paid commission?
Real estate agent commission is earned based on the sales price of the home; they will receive that commission only after the transaction goes to settlement. How much do real estate agents make? Commissions are negotiable between listing agents and their clients. So how much does a real estate agent make?
How much does a real estate agent make?
Some brokerages offer commission discounts for sellers, but a typical commission is 6% of the sales price. So how much does a real estate agent make? It depends on the closing price of the home. If the home sells for $500,000, a 6% commission would be $30,000.
How are real estate agents paid based on sale price?
Real estate agent commission is earned based on the sales price of the home; they will receive that commission only after the transaction goes to settlement. How much do real estate agents make? Commissions are negotiable between listing agents and their clients.
Do Realtors split commission with the buyer?
But a real estate agent usually has to share their fee with the real estate broker they work under ?and both the listing agent and buying agent split the fee. A Realtor can make a lot of money, but it not all at once, and it does take work. The full commission on a real estate sale is usually 4% to 6% of the sale.