how much real estate agents make

Best answer

$45,000 to $46,000 yearly

People also ask

  • How much do Realtors make a year?

  • On average, members of the National Association of Realtors complete 12 transactions each year. If the average real estate agent earns $5,000 per transaction (after expenses), they would net $60,000 annually. However, these real estate agents have an average of 10 years of experience.

  • What determines the salary of a real estate agent?

  • You have to know the 2 main factors that determine salary: How Real Estate Agents Make Money. Most people know that that real estate agents make most of their money from commissions. The commission is a percentage of each home sold, typically 6-7%. Some agents that work for brokerages earn a base salary plus a percentage of the 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).

  • 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.

    Similar Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *