3 ms·
Well typically 6% is split between the buyers agent and the sellers agent. And each agent has to kick up a percent to their broker. Most real estate agents I kn
by ianhawes 3y ago
Well typically 6% is split between the buyers agent and the sellers agent. And each agent has to kick up a percent to their broker. Most real estate agents I know working in the average market (I.e. not NYC or the Bay Area) are not clearing $100K.
- benjaminwootton 3y agoHow did you ever get to the situation where two people want to buy and sell one of life’s fundamental commodities, and 3 people get to insert themselves into the middle to the cost of thousands of dollars? America confuses me sometimes!
- joshgachnang 3y agoIt's a hell of a lot more than 3! The list of other agencies and fees I had to pay when buying my house and getting a mortgage were absolutely insane.
- Ekaros 3y agoBefore whole online thing from marketing it really made quite a bit of sense. At least the seller agent side. You need to advertise somewhere and someone doing it full time is much more efficient, in spreading the marketing. Some level buyer agent gathering what is available if they did that is also logical. Here not in USA. Buyer agents are more rarely used, but advertisement was taped to my building this week. But for seeing what is available agencies made lot of sense. And still do the paperwork and take somewhat better pictures or are around to show property.
- deathanatos 3y agoGoogle thinks 2-10 homes sold per year. Assuming the same on the buy side, at 6%, using the median home price of $416,100, that's $50k (2) to $250k (to 10) per agent per year. (That accounts for the split. That doesn't account for whomever the agent works for taking whatever cut.)