How Much Money Does Real Estate Agents Make An Hour

How Much Money Does Real Estate Agents Make An Hour Learn the typical salary of a real estate agent how licensed agents make money and tips for earning more income

Real estate agents make their money from commissions on properties sold So we re not talking about a salary per se but the total take home that a real estate agent makes in a year through commissions Real estate agents make 5 6 commission to sell a house or 18 800 per home sale but average take home earnings vary widely

How Much Money Does Real Estate Agents Make An Hour

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How much money real estate agents make per year depends on several factors including not just the price of the home but also the number of real estate transactions and commission fees Most people choose to work with a real estate agent when buying or selling a house Unlike an hourly or salary employee a real estate agent doesn t get paid based on their work hours Real estate agents at traditional brokerages are independent contractors and get paid on a commission basis

The commission is generally paid by the home seller and the seller s agent will then split the commission with the buyer s agent Generally you can expect to pay between 5 6 in agent commissions when selling a home in 2024 with some variation based on location On a property worth the median home sale price of 426 900 as of June 2024 June 25 2024 Real estate agents are paid on commission which is typically 5 to 6 of the home sale price The listing agent and selling agent usually split the commission in half but it s ultimately decided by the person selling the home

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Get our guide to real estate agent salaries Learn how much money real estate agents make in each state how to calculate commissions more Source Real Estate Agent Salary How Much Do Agents Really Make The Close Jan 11 2024 The NAR Member Profile contains detailed sales volume information by experience brokerage role hours worked and much more Others sources of agent income include Glassdoor U S News World Report and McKissock

The average real estate agent salary is 86 356 for a full time agent Factors like contracts brokerage fees and experience impact how much an agent earns Of course real estate agents and brokers can make much more than that The top 10 of agents earned more than 113 320 while the top 10 of brokers made 160 980

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How Much Money Does Real Estate Agents Make An Hour - The real estate agent commission is traditionally 5 to 6 of the home sale price paid by the seller but a proposed legal settlement may change business as usual