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People always want to know how real estate agents get paid. Today I’ll be here to fill you in and explain how everything works.
When someone sells a home, a listing agent will charge them a 6% commission rate on a home. That 6% is further divided up and the buyer’s agent gets the other 3%.
Next, 1% of this transaction will go back to the broker, whether it’s a big franchise or not. This goes to overhead, paying employees, and other professional expenses. Another 1% of this commission goes towards paying taxes.
Finally, the last portion, or 1% of that 6%, goes to the agent. Usually, the agent will spend this on marketing, or whatever expenses it takes to get the home sold.
That’s how agents get paid. Even though we charge 6%, we never get all of it.
If you need help selling your home in sunny San Diego, please don’t hesitate to contact me!
When someone sells a home, a listing agent will charge them a 6% commission rate on a home. That 6% is further divided up and the buyer’s agent gets the other 3%.
Next, 1% of this transaction will go back to the broker, whether it’s a big franchise or not. This goes to overhead, paying employees, and other professional expenses. Another 1% of this commission goes towards paying taxes.
Finally, the last portion, or 1% of that 6%, goes to the agent. Usually, the agent will spend this on marketing, or whatever expenses it takes to get the home sold.
That’s how agents get paid. Even though we charge 6%, we never get all of it.
If you need help selling your home in sunny San Diego, please don’t hesitate to contact me!
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