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| I made a good amount of money last year as a contractor, but due to complications in my personal life, I didn't have a chance to save anything for taxes. My friend suggested to use an extension,... |
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| my fiance wants to know if he can claim me on his income tax we have been together 3 yrs now an also i draw social security ... |
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| We both filed taxes last year and got refunds. I didn't really know what I was doing so I let him do both of our taxes. He ended up claiming me on his taxes, therefore allowing him to pay less ... |
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| all the money they take from yor paycheck's do u ever get that back?... |
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The company I that I will start working for will pay cash to me everyw week and still issue a W2 to me for tax purpose.
It is confirmed that I am an employee. Does that make sense? Have any one ... |
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| How much? Are you going to pay?... |
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Additional Details
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 Will I have send in a tax return? |
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| OK I'm begining to think these stimulus checks are a myth. My father's social security number ends in 00 and mine 05 and niether of us have recieved our check in the mail. I even checked ... |
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Hwee S | What percentage of the sale of a property does a property agent earn.? |
what are cost that the property agent must take besides the advertising cost. Is there any tax or any amount they would have to pay to the company |
 |
 
taytenga
|
Whatever was negotiated up front. There is no fixed amount.
Realtors (brokers) selling residential real estate in the US typically receive between 6% and 8% of the gross sales price. However in a down market, many will accept less just to get the listing and a chance at the sale. The agents involved in the deal typically receive 40% to 60% of the broker's share of the commission. Many deals involve 2 brokers (one for the seller and one for the buyer) and the brokers typically split the gross commission 50-50.
Realtors selling commercial properties or raw land typically receive between 10% and 15% of the gross selling price due to the difficulty and extra work usually involved in those sales.
Brokers and agents each pay their taxes independently, directly to the government. They are considered self-employed in most cases and deduct their ordinary and necessary business costs on their tax returns. Those costs typically include advertising, automobile expenses, office expenses, commissions and bird-dog fees, etc.
As noted above, brokers pay their agents a portion of the broker's commission. Some brokers provide office space at no cost and therefore pay a smaller percentage to their agents. Others charge a flat monthly rate for office space to their agents and deduct that from the gross commissions that they pay the agent. Again, this is all subject to negotiation among the various parties. |
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Judy1
 |
The % is negotiable. 6% is common. This is split between the selling agent, the listing agent, and both of their agencies. And of course it is taxable income to all four entities. |
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bostonianinmo
|
Whatever was negotiated up front. There is no fixed amount.
Realtors (brokers) selling residential real estate in the US typically receive between 6% and 8% of the gross sales price. However in a down market, many will accept less just to get the listing and a chance at the sale. The agents involved in the deal typically receive 40% to 60% of the broker's share of the commission. Many deals involve 2 brokers (one for the seller and one for the buyer) and the brokers typically split the gross commission 50-50.
Realtors selling commercial properties or raw land typically receive between 10% and 15% of the gross selling price due to the difficulty and extra work usually involved in those sales.
Brokers and agents each pay their taxes independently, directly to the government. They are considered self-employed in most cases and deduct their ordinary and necessary business costs on their tax returns. Those costs typically include advertising, automobile expenses, office expenses, commissions and bird-dog fees, etc.
As noted above, brokers pay their agents a portion of the broker's commission. Some brokers provide office space at no cost and therefore pay a smaller percentage to their agents. Others charge a flat monthly rate for office space to their agents and deduct that from the gross commissions that they pay the agent. Again, this is all subject to negotiation among the various parties. |
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Michael B
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most agents get 6% of the sale price |
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Chris L.
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Generally the comission is a total of 6% if you sell you house through a realtor. The selling broker, selling agent, buying broker, and buying agent each receive 1 1/2%, it is divided 4 ways. No agent receives 6% alone. So for selling a $200,000 home, the selling agent would receive $3,000. The agent then files his incomes taxes and he must pay self employment tax on that income, which is a higher rate than non-self employed. |
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