Each office and agent have their own business plan, and services they provide.
Are you asking about listing? or buyers agent?
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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How does the Brokerage fee work?
Use a sales price of $200,000 and a Brokerage fee of 6% = $12,000
Listing Agent Buyers Agent
50% Split with Brokerage Firm
Less approx. 33% tax ($900) (self employment)
Less time, marketing material, courier, digital tour, etc.
*Final net pay to Listing Agent averages 1% of the Sales Price.
In most of the United States, the Listing Agent agrees with the seller on a brokerage fee, which is typically split with the Buyers Agent; (the Agent that procures the buyer from the Listing Agentâ€™s marketing efforts) and then most Real Estate Firms have a fee split with the agents. So, after all of the slicing and dicing of the original fee, you can see what most Agents earn for their families. The Powerhouse Group has a higher margin than the average Realtor because of our specialized marketing.
It's a buyers market .. and it's certainly reflective in todays commissions, some full service agents will go with a flat fee, others will take a 2-4% total ....
The very best way to find out is when you interview the next 4 or 5 agents ...
This certainly hasn't been any star spangled year for the majority of agents, there are many quality and savvy agents that will be more than happy to take a discounted rate vs sitting at the office watching MASH re-runs...
You can reach me at email@example.com .
However, not all follow current trends. Some of us talk with the clients to see what their situation is first before we discuss fees. No two deals are ever the same...neither are clients.
Please allow me an appointment to discuss your individual needs.
Dominick Dina, Broker/Owner
Christian Realty San Antonio
Your best bet is to sit down with an agent, interview them and ask "what does this fee get me?" A good agent will give you a detailed layout of what they're going to do and how.
Good luck with everything...any questions, feel free to ask.