when u give a seller agent 5% ,30,000$ to sell ur house, house much do they get to keep, who do they have to?

Question

pay? someon one told me they have to pay their broker and the buyer agent. so if a seller agent got 30,000$, how much would they have after?

Answer 1

They typically give 3% (or in this case $18,000) to the buyer's broker (who then pays the buyer's agent).

The seller agent's BROKER would get $12,000, which is the other 2%.

The agent themself would get approx $7200.00 in this case. (Assuming a 60/40 split)

Answer 2

Completely depends on how their contract is set up with their broker. Generally speaking, the longer and better an agent is, the more they keep because they are better or get more sales. Each one is individually negotiated. Most of the time there is a 30/70 split or a 50/50 split. There is not set rule.

Most older, experienced agents who produce good volume get 70% of the commission. Others get more or less. It varies so widely that you really can't set a standard.

My advice, sell it yourself. You can handle everything. Get with a local attorney to help you who knows the area. Most who deal in real estate often will give you a contract and all the forms. It is very easy. You can also find an agent (via the internet etc) who will load you listing in MLS. This is worth $500 if they charge that. It puts your property in front of agents who will bring you clients to buy. Just be sure you tell everyone you talk to that "Agents are Protected". This means if an agent does bring you a buyer, you won't sell it to that buyer without thier knowledge. Be sure you make the buyer pay their agent.

You can save thousands on the sale of your home. I used forsalebyowner.com and saved myself almost $15,000. I took a few phone calls and listed it with a couple of internet services and had a contract within a week. I also could compete very well since I didn't have to raise the price to come the commission paid.

Answer 3

AS a rule of thumb, 50% of the gross commission goes to the buyer's agent. This is normally offered in the Listing Agreement. Of the remaining 2.5%, this is split between the listing agent and his broker. The splits vary depending on the particular agent's contract with his broker. It could be 50/50 or up to 100% (in this case, 2.5%)for the agent. In your scenario, the listing broker could receive anywhere from $ $7500 to $15,000. If he also brought in the buyer, he could earn from $15,000 to the full $30,000. In the case of Realtors working on a 100% commission basis, they will usuually have other fees attached to their contract with their broker.

Answer 4

Of the 5 percent, 2.0 to 2.5 percent goes to the selling agent and the difference goes to the buyers agent. If the property sells quickly, the buying agent usually receives 2 percent. However, if the home remains on the market for a long period of time the buying agents commission is increased in order to entice the sale.

Answer 5

I'm assuming your talking about a real estate commission of $30,000.

It depends on the split. As an example if there are two brokers involved in a MLS sale the fee to the brokerage would be $15,000 each. If there are agents involved it could be split again or $7.500 each or depending on the individual split beteen the Broker & agent.

Most sales are a part of the Multiple Listing or MLS.

I hope this helps

Best to you

Answer 6

It is usually 50/50 split. Imagine putting away the listing agent's commission $15,000, replace it with just with a Flat Fee(as low as $249.95) but still be advertised in your local MLS. Big savings right? Buying agents are the ones that will bring you potential buyers anyway and you just have to let them know you are giving away 2.5% that is $15,000. Only the MLS is the secret. Visit 4thishouse.com they can help you...

Answer 7

ask how much the split is 2 and 3 or 2.5 and 2.5 then figure who gets what. easy... don't over complicate it.all the people above me did.