The amount of commission that a real estate agent makes has historically been 3% of the price of the home. Thus for a $250,000 sale price for home, a real estate agent makes $7,500. Keep in mind that BOTH real estate agents—the buyer’s and the seller’s—will each make $7,500, so technically for each home sale with two real estate agents will pay out a commission of 6% or $15,000 in the case of a $250,000 home. The often overlooked fact of how much commission real estate agents get is that it is 100% up to the homeowner or home buyer. Commissions are merely suggested by agents, but they do not have to be accepted and they are, in fact, negotiable. TRELORA, for instance, is a flat fee agency, and we charge $3,000 in Denver and $4,000 in Seattle per transaction not 3%. We don’t think it’s fair to compensate an agent based on the price of a home, but rather the value of the work. Real estate agents make too much in commissions, which is why we have our fee structure as flat, and we save you thousands.
How much commission does a real estate agent make?Trelora2018-10-23T16:28:00+00:00