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Additional Details
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number_1_nama | On average what percentage does a real estate agency make off of the sale of your home / property? |
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ogrendle
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Depends on the area. Usually 3% and that is split between the agent and broker. The seller agent charges 6 to 7% and splits that with the buyer agent. Remember we are independant contractors and pay all our taxes and Social Security. Alsao, Health Ins. mortgage, taxes and ins. on our homes. Car expenses etc. |
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ratdog
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about 3% on each side.
Buyers agent - 3%
Sellers agent - 3%
For a whopping 6% of the total sale. |
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Sam I AM
 |
On average... you pay 6% of your SALE price.
If you have one agency involved -- they get the whole 6%. If you have two agencies involved, each gets 3%.
Of that amount, the real estate agent gets half of what the agencies get. So, let's say your realtor and the buyer's realtor work for two companies (REMAX and Long and Foster)... then:
REMAX: 1.5 %
LONG AND FOSTER: 1.5%
Your realtor: 1.5%
Their realtor: 1.5%
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6% total. |
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theresajstephens
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99% of the time the make 3 % and the buying agent makes 3 %
but in michigan there is no set precentage. |
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beachbaby4321
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I've heard that they get 3%. My boyfriend just bought an apt and that's what his realtor got. Im not sure if the agency gets just a portion of that, but I know that's what he paid. Hope that helps! |
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matt_archbold2002
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It varies. It depends on what they have to do. You can expect 10percent or less. If its more then you should rethink your realtor. |
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tricanese
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I think the laws vary from state to state but "on average" 6% has been the traditional commission for the sale/purchase of a home. It is almost always negotiable and in the past few years the market has been pushing for lower commissions (largely due to the number of new agents entering the field and willing to charge less or unable to charge more). The listing agency usually charges 6% of the sales price. Its easier to use real numbers...lets say a home sold for $500,000. The listing agency takes $30,000. Then, the agency takes about 6% off the top of that ($1,800) then pays half of $28,200 to the buyer's agency (assuming it is a separate buyers agent). Then, both agencies will pay their agents based on the split they have agreed upon. Many new agents have a split of 50/50, meaning the agency would keep $7,050 and pay the agent the same. More experienced agents will have negotiated a more favorable split with the broker, meaning they will get a larger chunk than 50/50. |
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boston857
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6% shared btw selling & lsiting agent. The split can be 50/50 or as agreed per the listing agmt. Most states max out at 6% for residential.
For commercial, the commissions can be as high as 10% and when we are talking about million dollar deals, those commissions really add up, big time........ |
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golferwhoworks
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It depends on state law as to the max. How ever it can be a negotiated item in the contract. In TN the max is 6% |
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jim7368
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this is negotiable but generally between 5-6% |
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CrankyYankee
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I just sold a house and the realtor I wanted to use said, "I never sell for less than seven percent." I said, " I never pay more that six percent." He sold for six percent. It IS negotiable, don't let anyone tell you it isn't. . |
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Kathleen M
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Varies depending on what you sign the contract for. |
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