3 ms·
In the US, typically 6% goes to the two realtors, divided 3 and 3. Of that, their office will get roughly half and they get half, so their takehome is around 1.
by imglorp 10y ago
In the US, typically 6% goes to the two realtors, divided 3 and 3. Of that, their office will get roughly half and they get half, so their takehome is around 1.5.
I just sold without an agent and discovered that even these are negotiable, when you're talking as a peer with the buyer's agent. I ended up paying 2.5 to the BA and $1300 to an attorney (notably an hourly rate, not a percentage).
- the_watcher 10y ago> Of that, their office will get roughly half and they get half, so their takehome is around 1.5. This actually varies wildly by brokerage. The massive ones, such as Remax, often don't make their money on real estate commissions, but on ancillary products that are required for the transaction: title insurance, inspections, mortgages, etc, and because of that, offer as much as 95/5 splits with their agents. My dads brokerage, in contrast, provides their agents with a decent number of services for managing escrows and the like, and have a 75/25 split.