Brookeville Apartments For Rent; Brookeville Homes for Rent; Brookeville Condos for Rent; All Brookeville Rentals
On average, the fee can range anywhere from 4% to 6% of the home value, but the industry standard is 6%, which is split 50/50 with the buyerâs and sellerâs agent. So for example, a homeowner that sells a home for $200,000 would have to pay up to $12,000 in real estate agent fees if they were to pay the full 6%. This fee wonât be paid until you reach escrow and the sale is finalized. Once finalized, the funds will automatically be transferred to the brokerage at closing.
I discuss how much money real estate agents make here. The average income for a real estate agent is $47,700 a year, which does not seem like much, but that figure includes part-time and full-time agents. Full-time agents make $54,000 a year and agents that work over 60 hours a week make over $87,000 a year. The average income for first year agents may only be $15,000 a year, but some agents make much more. I think if an agent has a plan, sets goals, and works hard he or she can easily make $30,000 in their first year.