Comments on: how much do realestate agents get paid? http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid Sat, 30 Oct 2010 03:13:59 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: William H http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid/comment-page-1#comment-1007 William H Fri, 06 Nov 2009 05:43:59 +0000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid#comment-1007 Real estate agents average $38,000 per year.<br><b>References : </b><br>salary.com Real estate agents average $38,000 per year.
References :
salary.com

]]> By: scottsnyderhomes http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid/comment-page-1#comment-1006 scottsnyderhomes Fri, 06 Nov 2009 05:07:59 +0000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid#comment-1006 Commissions are negotiable. If you are selling: interview Realtors® based on their ability to sell homes like yours in the area. Do not hire the Realtor that offers the lowest commission solely. You get what you pay for. If you are buying: hire a Realtor® to help you find homes that match the criteria you provide. They will schedule showings of the properties that you are interested in and provide their expertise, handle the paperwork, etc. Additionally, most Realtors® will represent you as your "buyers agent", at no charge. Some however, may want you to sign an "exclusive buyer agreement" with them. As with any contract, read and understand it before signing. Some states allow "dual agency" whereas the agent represents both parties to the transaction. Overall, agents usually get paid from the selling/listing side.<br><b>References : </b><br>Realtor® Commissions are negotiable. If you are selling: interview Realtors® based on their ability to sell homes like yours in the area. Do not hire the Realtor that offers the lowest commission solely. You get what you pay for.

If you are buying: hire a Realtor® to help you find homes that match the criteria you provide. They will schedule showings of the properties that you are interested in and provide their expertise, handle the paperwork, etc. Additionally, most Realtors® will represent you as your "buyers agent", at no charge. Some however, may want you to sign an "exclusive buyer agreement" with them. As with any contract, read and understand it before signing.

Some states allow "dual agency" whereas the agent represents both parties to the transaction.
Overall, agents usually get paid from the selling/listing side.
References :
Realtor®

]]> By: A V A T A R http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid/comment-page-1#comment-1005 A V A T A R Fri, 06 Nov 2009 04:19:59 +0000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid#comment-1005 Not enough. Let's go with basic numbers. The commission on a house can be 4,5,6 percent or more. There's no standard number, but let's go with 6%. I'm in the Washington D.C. area, so you're gonna pay at least 300,000 to get something what one would consider decent. Most houses in this area are 500,000 plus. Let's go with a house for 300K, at a 6% commission. That's a total commission of $18,000. Sounds good, but you have to split that money with others. If you have the buyer, then someone else lists the house, so you would get 2.5% or 3%. These numbers can vary depending on different things, so we won't get into that. Let's go with 3%. Now your cut is $9,000. Now you have to split with your broker, let's go with a even 50% although some splits are lower and many are higher, some being 60, 75,or even 100%. Sales price $300,000, commission 3%, split 50% with broker, that leaves you with a whopping $4500. Not bad right, well considering that the market has slowed down and you will work your butt off to get the sale to closing. Take into consideration the deal you work on for a month or two and it falls apart and you don't make a penny. Not to mention all of the fees involved with this business. Association fees, insurance, MLS fees, gas ect. It comes out to about $1.50 per hour. Those that think agents take someone out a couple of times and find them a house and just sit back and wait for that check............ I wish it was that easy. On the other hand, if you're good at what you do and use your time wisely, you might make about $2.50 per hour.<br><b>References : </b><br>Living it every day. Not enough. Let’s go with basic numbers. The commission on a house can be 4,5,6 percent or more. There’s no standard number, but let’s go with 6%. I’m in the Washington D.C. area, so you’re gonna pay at least 300,000 to get something what one would consider decent. Most houses in this area are 500,000 plus. Let’s go with a house for 300K, at a 6% commission. That’s a total commission of $18,000.
Sounds good, but you have to split that money with others. If you have the buyer, then someone else lists the house, so you would get 2.5% or 3%. These numbers can vary depending on different things, so we won’t get into that. Let’s go with 3%. Now your cut is $9,000. Now you have to split with your broker, let’s go with a even 50% although some splits are lower and many are higher, some being 60, 75,or even 100%.
Sales price $300,000, commission 3%, split 50% with broker, that leaves you with a whopping $4500. Not bad right, well considering that the market has slowed down and you will work your butt off to get the sale to closing. Take into consideration the deal you work on for a month or two and it falls apart and you don’t make a penny. Not to mention all of the fees involved with this business. Association fees, insurance, MLS fees, gas ect. It comes out to about $1.50 per hour. Those that think agents take someone out a couple of times and find them a house and just sit back and wait for that check………… I wish it was that easy. On the other hand, if you’re good at what you do and use your time wisely, you might make about $2.50 per hour.
References :
Living it every day.

]]> By: ajruff2000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid/comment-page-1#comment-1004 ajruff2000 Fri, 06 Nov 2009 03:44:59 +0000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid#comment-1004 Everyone is forgetting about the buyers agent! .The buyers agent usually gets 3%. So you have to take 6% commission and divide it between: the seller's agent, the buyer's agent and the listing broker. So things can sometimes get spread pretty thin, depending on the sales price.<br><b>References : </b><br> Everyone is forgetting about the buyers agent! .The buyers agent usually gets 3%. So you have to take 6% commission and divide it between: the seller’s agent, the buyer’s agent and the listing broker. So things can sometimes get spread pretty thin, depending on the sales price.
References :

]]> By: Suzy http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid/comment-page-1#comment-1003 Suzy Fri, 06 Nov 2009 03:30:59 +0000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid#comment-1003 They get paid a percentage of the commission on the sale of the property. Typically the broker and the agent split the commission. For example if the home sold for $100,000 and the commission was 6%. The broker and the agent would receive $3000 each.<br><b>References : </b><br> They get paid a percentage of the commission on the sale of the property. Typically the broker and the agent split the commission. For example if the home sold for $100,000 and the commission was 6%. The broker and the agent would receive $3000 each.
References :

]]> By: Star http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid/comment-page-1#comment-1002 Star Fri, 06 Nov 2009 03:03:59 +0000 http://www.supercadedc.com/realestate-agents/how-much-do-realestate-agents-get-paid#comment-1002 Real Estate agents are on commission. If the house is sold, they get a percentage of the sale (the normal sales commission is 6% in CA, but 3% goes to the broker and the other 3% goes to the agent).<br><b>References : </b><br>life Real Estate agents are on commission. If the house is sold, they get a percentage of the sale (the normal sales commission is 6% in CA, but 3% goes to the broker and the other 3% goes to the agent).
References :
life

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