Or whats the percentage that you get off of the amount you sold the house for like 2% or 5% etc.
2007-01-16 05:13:10 · 11 answers · asked by Pholla 2 in Business & Finance ➔ Renting & Real Estate
Yes I do mean as a real estate agent.
2007-01-16 05:20:51 · update #1
depends on how much the home is worth and how much the realtor makes off of it.
2007-01-16 05:17:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
the average real estate commission on a home sale, nationwide, is 6%. For really high dollar homes, they often do split commissions (like 4.5% of the first 100K, then, 1.5% of the remaining.)
The 6% is divided between teh listing office and the selling (buyer's) office. Usually they each get 3%.
From there, if you are an agent and not a broker, you split it with your broker-- average is a 60/40 split (60% of it going to the agent, 40% to the broker.)
So, on a $300K house, total commission is 18,000.
Split that between the two offices and your office gets $9,000.
Split that with your broker, and you get $5400.
however, keep in mind there are TONS of out of pocket expenses MLS fees of $100 a month, REALTOR association fees of $100/quarter, electronic key leases of $100+ a year, and office fees of $150+ a month.
2007-01-16 05:31:31 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Do you mean as a realtor? If so, the seller's realtor generally receives a commission of 6% of the sales price which is then split with the buyer's realtor if there is one, leaving the seller's realtor with 3% of the sales price. If you are the seller then you get whatever your profit is on the house (how much you sold it for minus how much you owe on it) less any realtor commissions and closing fees you must pay. If you're the seller, you should get a good realtor and if you're a realtor then you should know these things.
2007-01-16 05:19:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
about 2.5% to 3%. that is after the selling agent splits the commission with the listing agent. so total commission is around 5-6%
2007-01-16 05:27:53 · answer #4 · answered by edwarjd 3 · 1⤊ 0⤋
Well, its the amount you sold the house for, minus what you owe on it, minus any closing costs, agent commissions.
Whatever is left over you get to keep.
2007-01-16 05:17:30 · answer #5 · answered by Captain Jack 6 · 0⤊ 0⤋
3% provided if you're able to sell a house in Texas. In texas selling a house is a tuff job.
2007-01-16 05:30:57 · answer #6 · answered by Kiran 3 · 0⤊ 0⤋
talk over with an criminal expert. decrease than Texas regulation, the home is separate sources and money from its sale must be yours on my own. do no longer open a joint account with your daughter or lady buddy and deposit money from the sale, save it in a separate account of your guy or woman. in case you deposit it in a joint account it ought to grow to be impossible to coach that's yours on my own.
2016-12-12 12:44:30 · answer #7 · answered by ? 4 · 0⤊ 0⤋
usually 5% if you are the agent.....if you are the seller it depends on what you owe and what you sell it for
2007-01-16 05:21:16 · answer #8 · answered by Mrs Fulton 3 · 0⤊ 0⤋
Are you even smart enough to own a home?
2007-01-16 05:21:04 · answer #9 · answered by Trevor T 2 · 1⤊ 2⤋
I have no idea sorry
2007-01-16 05:52:45 · answer #10 · answered by pattibcacl 6 · 0⤊ 2⤋