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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.
Divide that number by NAR's gross personal income...$51,900 would mean the average real estate agent for our area may sell 12 homes a year. Actually, that number should be higher when you consider as an independent contractor, a/k/a self-employed, there are carrying costs in running a business.