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.

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