People also ask
How much do real estate agents make a year?
The typical take-home pay for an agent on a $255,739 home (the nationwide median home value) is $4,350. Theoretically, an agent needs to make approximately 14-15 home sales in a year to earn the national average income. How Much Do Real Estate Agents Make Per Hour?
How do real estate agents get paid when selling a house?
Since home sales generally involve two agents ?one representing the buyer and one representing the seller ?the seller agent charges the full commission and then splits it with the buyer agent. Listing agents earn an average commission of 2.8%
How much Commission do real estate agents make on a sale?
Commissions are deducted from the proceeds of the sale. Working with an agent might cost you as much as 6% as a home seller, but the agent will only make approximately 1.5% from the sale. Some agents also earn a base salary from their brokerage ?but most work exclusively on commission.
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).