Ken C
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Up to double the amount if they sell it. If you list with an agent and he sells that house, he gets the whole commisssion. If he lists the house, does no work and another agent from his own or another realtor gets the deal done they split the commission.
Remember, a realtor who lists the house is only acting on behalf of the seller, in a signed contract. If you are the buyer, there usually is no contract, and you are free to work with as many realtors at a time as you want.
So yes, being the listing agent gives that agent more opportunities to make money. But remember if they don't help someone buy your house, then they don't get the full commission... |
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Kevin H
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Often the buyers agent will receive 3 % and the discount if any will be from the listing agents side. Sometimes an agent can negotiate a 7% brokerage and take 4% and offer 3% to the buyers agent. That is very rare but in todays discounted brokerages the hit often comes to a 5% brokerage and many agents will shop commission. They will show homes that offer the best buyers split and often not mention the other homes for sale. You answer therefore is that most agents make more yearly commission from sales as opposed to listings. Having a listing is often like money in the bank waiting to happen. There are many agents that only work with buyers and some that farm listings and prefer that side. A dual agent gets it all but that is rare these days and occurs in less than 5 percent of sales. Some of the agents in the business dont care as much about commission split as they do finding about their client the perfect match in the available market. These type of agents are the ones that do well in any market and know part of something is better than all of nothing. |
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Amanda H
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Technically, the commision is usually equal--- but a realtor can have more listings (and thus sellers) than buyers, as a buyer on average takes more time to find a home than a seller does to find a buyer (if priced right.)
A lot of agents just list a bunch of houses and do very little marketing. Others invest a lot of time/money in each listing-- so it varies. |
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slguldi
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Generally it is about equal before expenses. Listings are more expensive to have (if you are a good listing agent then they are marketing the home, marketing is not free) but in terms of time spent they are more dollar productive compared to buyers. You can have more listings at once than buyers unless you have buyer's specialists working for you. Neither one involves just sitting back and hoping for the best if you are a producing agent.. |
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Ken
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Successful agents realize that listing is the way to make money even though the commission is the same on a list and sale. The reason, you go to a house once or twice and get a listing and you are almost certain to get a commission. You drive people around to look at 20 houses and they decide they don't like any of them. You could list 30 houses per month. It would be very time consuming to sell 30 houses per month. |
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jairorod64
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When you are buyer agent you get the commission from the seller or builder, and when you are the listing agent you get the pay for the person that hire you to sell the property.
www.jairoyourhome.com
jairo@jairoyourhome.com |
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alektromorph
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Generally they make the same amount either way. They make the most when they sell their own listing to their own client (get paid on both sides of the transaction). |
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Roger C
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Often the listing agent makes half of the commission with little or no effort when the property is sold by another agent (no hand holding the buyer, checking that financing is going ok, checking with the title company, inspectors, etc).
If you look at income per hour of effort often the listing agent comes out best. |
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Andrew R
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Generally they both make about the same.
Realtors make more, of course, if they act in dual agency. That means they are both the listing and buyers agent. They must let you know that is the case and you need to sign a legal paper to acknowledge you know they are acting in this dual capacity, You want to know that the Realtor is acting in good faith on both sides of the transaction. |
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pattibcacl
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They get paid on both sides so they do well for themselfs |
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