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Pholla | How much money do you make when you sell a house in the state of texas? |
Or whats the percentage that you get off of the amount you sold the house for like 2% or 5% etc.
Additional Details
Yes I do mean as a real estate agent. |
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Beagle Lover
 |
depends on how much the home is worth and how much the realtor makes off of it. |
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Amanda H
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the average real estate commission on a home sale, nationwide, is 6%. For really high dollar homes, they often do split commissions (like 4.5% of the first 100K, then, 1.5% of the remaining.)
The 6% is divided between teh listing office and the selling (buyer's) office. Usually they each get 3%.
From there, if you are an agent and not a broker, you split it with your broker-- average is a 60/40 split (60% of it going to the agent, 40% to the broker.)
So, on a $300K house, total commission is 18,000.
Split that between the two offices and your office gets $9,000.
Split that with your broker, and you get $5400.
however, keep in mind there are TONS of out of pocket expenses MLS fees of $100 a month, REALTOR association fees of $100/quarter, electronic key leases of $100+ a year, and office fees of $150+ a month. |
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edwarjd
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about 2.5% to 3%. that is after the selling agent splits the commission with the listing agent. so total commission is around 5-6% |
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Kiran
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3% provided if you're able to sell a house in Texas. In texas selling a house is a tuff job. |
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Mrs Fulton
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usually 5% if you are the agent.....if you are the seller it depends on what you owe and what you sell it for |
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Rebecca G
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Do you mean as a realtor? If so, the seller's realtor generally receives a commission of 6% of the sales price which is then split with the buyer's realtor if there is one, leaving the seller's realtor with 3% of the sales price. If you are the seller then you get whatever your profit is on the house (how much you sold it for minus how much you owe on it) less any realtor commissions and closing fees you must pay. If you're the seller, you should get a good realtor and if you're a realtor then you should know these things. |
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Captain Jack
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Well, its the amount you sold the house for, minus what you owe on it, minus any closing costs, agent commissions.
Whatever is left over you get to keep. |
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Trevor T
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Are you even smart enough to own a home? |
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pattibcacl
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I have no idea sorry |
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cobra_xxx_999
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duno.. i live in lebanon |
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