How Much Money Do Real Estate Agents Make Anyway?

Don’t imagine the hype! Go into this enterprise together with your eyes huge opening and with an actual plan of motion or you are going to have me whispering in your ear “I told you so”.

Yup, too many individuals assume these nice huge commissions they see on TV are widespread or that every one the fee being paid goes fully to at least one agent. You can work good, lead generate and make numerous cash. Just be sure you perceive what your take residence pay actually is earlier than you start.

Here are the 2014 figures for REALTORS,

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Here’s a story of the cash.

Now, within the video instance, after all I meant to say if the house owner has calculated a $20,000 fee, then break up that in half for sake of this instance. Each facet (the agent representing the customer and the agent representing the vendor) would earn $10,000 (not the $5,000 I said.)

After this, the $10,000 should be break up between agent and workplace relying on their settlement. For the sake of this instance, for instance they’ve a 40/60 break up the place the agent will get 60% and the workplace will get 40%. This provides the agent $6,000.

From this $6,000, subtract bills like all these federal and state taxes, gasoline, advertising and marketing bills, workplace and different work bills, and time. This provides you the online amount of cash the agent has earned. If the deal goes by the agent will get this internet.

If although, after all of the leg work, effort, money and time spent, the customer or vendor decides to not full the deal, the agent walks away empty-handed, aside from the payments.


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Beverly Meaux, co-owner Bev & Bob Homes, LLC
at Keller Williams Suburban Realty
Office: 973-251-0100
[email protected]

Real Estate