Quote:
Originally Posted by Mutt
ha, i remember as a teenager eveybody's stay at home mom was becoming a real estate agent, you don't need a high school diploma, just take the course and you're a real estate agent.
what does an agent make on a house sale, 4%? and then splits with the company they work for?
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There is no set rate and it would lead to antitrust and price fixing issues, but...
If you were to analyze all listing and buyers agreement you will find that an average of 5-6% is the norm, split between listing and buyers agent.
Agents typically start at a 50/50 split with their broker and goes up with volume. I got up to 80%. Since I was doing REO most of my clients paid 5% so I was grossing $2k on every $100k in volume and my broker was making $500.