I would like to take a course and to sell real estate part time. What percentage of sales do they get in sales

Question

I would love to do this but, I was wondering how much they actually make on sales.

Answer 1

Typically total commission is 6% and the sales agent get 1/4 or 1.5%.

Answer 2

The percentage of commission depends on your area and your broker. I think the average commission percentage is around 7%, which would be 3.5% to the listing agent and 3.5% to the selling agent .. and if you're both the entire 7%. Also, if you are working under someone you usually sign a contract with what percentage of commission that you have agreed upon, ie: 50% of the 3.5%, etc. It varies everywhere you go, but if you are in an area that you are very familiar with and the people are familiar with you, you will obviously do well. I would check out the National Association of Realtors and your state Realtor Association for more logistics.

Answer 3

I sales person does typically make 2.5-3% of each transaction. Then you have to minus broker fees(varies by office). Most start agents on a 50-50 split.
I would have to say that part time in this business is useless.
Unlike most people think the Realtors who make money work very hard, often 60+hrs/week.
Most part time agents drop out because they find it too costly and do not make very much money.
Good luck,
RE Agent,
REMAX