what percent do realtors make

what percent do realtors make

1 year ago 112
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Real estate agent commissions are negotiable between listing agents and their clients, and the commission rate varies depending on the location, experience level of the agent, and the type of property being sold. The commission is typically split between the buyers agent and the sellers agent, with the sellers agent receiving a higher percentage. The average commission rate for listing agents is 2.81% of the final home price and 2.72% for buyers agents, for a total of 5.53% in Pennsylvania. The national average commission rate is 5.37% of the homes final sale price, with the listing agent usually receiving 2.72% of the proceeds and the remaining portion of the commission fee going to the buyers agent.

Its important to note that the commission rate is not the only factor to consider when choosing a real estate agent. Its also important to consider the agents experience, service, and personality versus price. While choosing an agent solely because they charge less could save you money in the short term, it could end up costing you more in the long run if they are not able to sell your property for the best price.

In summary, the percentage that realtors make varies depending on the location, experience level of the agent, and the type of property being sold. The commission is typically split between the buyers agent and the sellers agent, with the sellers agent receiving a higher percentage. The average commission rate for listing agents is 2.81% of the final home price and 2.72% for buyers agents, for a total of 5.53% in Pennsylvania, while the national average commission rate is 5.37% of the homes final sale price.

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