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Why Do Real Estate Agents Get Paid So Much Money to Sell My House?

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WHY DO REAL ESTATE AGENTS

GET SO MUCH MONEY

TO SELL MY HOUSE?



Real Estate Professionals get paid on a commission split when a property sells but you might be surprised to learn just how much they make from the sale of a property.



GROSS COMMISSION

NATIONAL AVERAGE HOME PRICE

$240,000x2.5%

AVERAGE AGENT COMMISSION

(RANGE FROM 2.5% TO 4%)



GROSS AGENT COMMISSION

(PAID TO THE BROKERAGE)

$6,000



A LITTLE OFF THE TOP

-$3,000

50/50 BROKERAGE SPLIT

THE BROKER TAKES A SPLIT TO COVER BROKERAGE EXPENSES SUCH AS OFFICE SPACE,SUPPLIES,LEGAL FEES,DUES AND MORE.



-$450

TAXES



MARKETING/EXPENSES



Think of your home like a product.With any product,you need marketing to sell it.Some products require different marketing than others.This stays true for your home as well.Some homes may require a significant amount of marketing and resources while others may require very little.Make sure you discuss marketing options with your real estate agent.



-$150

INTERNET MARKETING



-$350

OPEN HOUSE



-$80

GAS



-$800

DIRECT MAIL CAMPAIGN



-$100

FLYERS



=$1,070

NET AGENT COMMISSION

$29/hr



EXPENSES

$4,930



NET

$1,070



TIME SPENT

Open Houses 16 hours

Contracts/Closing 6 hours

Showings 8 hours

Research 3 hours

Staging 5 hours



TOTAL: 38 HOURS



Selling your home is one of the biggest transactions you will ever be involved in.Trust a professional,knowledgable real estate agent to handle it.You might think the commission is a lot to pay but for such an important transaction,it is well worth it.



*Information represented in this graphic is based on typical results collected from various sources of real estate information.Your real estate professional might have different fees and options for selling a home.

Why Do Real Estate Agents Get Paid So Much Money to Sell My House?

shared by cobbsfriedman on May 15, 2012 in Business

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Here is an infographic explaining how much a real estate agent makes from the sale of a home. You might be surprised by how much an agent makes after all is said and done.
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