how much does real estate agent make on a sale
Best answer
Real estate agents make a commission on each home they successfully sell. That commission is generally around5-6% of the sales price. But one agent won necessarily pocket the entire 5-6%. Real estate agent commissions are often split 50/50 between the seller agent (or 渓isting agent? and the buyer agent.
People also ask
How much do real estate agents get paid for selling a house?
For a home that sells for $408,800 (the median cost of a U.S. home in September 2021), both the buyer agent and the listing agent would get about $6,132. The total commission on a house sale averages 5?%, which is divided four ways among the listing agent, buyer agent, and each agents?broker.
How much do real estate agents make in Seattle?
Multiply the average sale price in your area by your expected commission rate to see how much you檒l make per house, on average. In Seattle, the median home price is $726,500 (according to Zillow data from May 2019) ?so at a standard 3% commission rate, an agent will make $21,795 per sale ($726,500 per home x 0.03 commission).
What is the average Commission for a real estate agent?
Commission rates for real estate agents are typically between 5% and 6% of a home sale price, and that amount is split evenly between the listing and buyer agents, which means the average real estate agent commission is 2.5% to 3%.
How much does a real estate broker make?
Nationally, real estate brokers earn an average of $81,450 per year (U.S. Bureau of Labor Statistics), but their compensation structure isn the same as real estate agents. Unlike agents, brokers are often paid a salary.