It's a common question for consumers, students and real estate professionals.
How much do real estate agents make?
Point2 came up with an infographic explaining the variables, and we've turned it into a video in our Home Update series! Get the facts on commission splits, continuing education, industry dues and more below.
For more Home Updates, subscribe to RISMedia on YouTube.
The preceding was adapted from RISMedia.com - original content can be found here.
Evelyn Johnston
Elkhart, IN
Debbie Walsh
Middletown, NY
Dagny Eason
Wilton, CT
Larry Lawfer
Newton, MA
Endre Barath, Jr.
Beverly Hills, CA
Lou Ludwig
Boca Raton, FL
Joan Cox
Denver, CO
Gabe Sanders
Stuart, FL
TeamCHI - Complete Hom...
Brentwood, TN
Jon Kolsky
Long Beach, CA
John G. Johnston
Westcliffe, CO
Noah Seidenberg
Evanston, IL
Will Hamm
Aurora, CO
Raymond E. Camp
Ontario, NY
Suzanne, I've seen this video and others like it making the rounds, unfortunately the consumer really doesn't care how much goes to whom. They only care about how much they have to pay.
Evelyn Johnston
Elkhart, IN
Lou Ludwig
Boca Raton, FL
Suzanne De Vita
Andrew Mooers | 207.53...
Houlton, ME
Gabe is right. Lucky to live where the pie is not split and splintered though. 95% of our small rural market sales are list, market, sell. One broker, less drama, no problems scheduling or "your buyer, my seller" court room tension. Just property listing matchmaking and knowing the product, the people involved in the process.
Evelyn Johnston
Elkhart, IN
Lou Ludwig
Boca Raton, FL
Suzanne De Vita
Suzanne De Vita the public thinks we take home buckets of money, and do not factor in all our overhead and expenses it takes to run a business. Great video!
Evelyn Johnston
Elkhart, IN
Lou Ludwig
Boca Raton, FL
Suzanne De Vita
Michael Thornton – There are certainly several factors to consider – this is good info for buyers and sellers, plus folks thinking about going into real estate. Thanks for stopping by!
Joe Petrowsky – You’re right – there are buyers and sellers who just aren’t aware of what goes into being a real estate agent. If agents can educate as much as possible in this and all areas of housing, they’ll become a trusted and valued resource for their clients. Have a great weekend!
Gabe Sanders – Agreed! Hopefully the video nicely summarizes where their dollars are going – not just commission!
Andrew Mooers – I’m happy to learn you have a business model that works for you! Thanks for reading.
Joan Cox – Thank you! Happy to share – it circulated among our social media pages, so I do hope some buyers and sellers out there stumbled across it!
Larry Lawfer
Newton, MA
Dagny Eason
Wilton, CT
Gabe Sanders
Stuart, FL
Suzanne
Thanks for sharing the video . . . . and I would agree with Gabe Sanders his comments are right on point.
Good luck and success.
Lou Ludwig
Suzanne De Vita
Dagny Eason
Wilton, CT
Suzanne glad you brought this around, too often consumers think that all Realtors make lots of money. Some of us are luckier than others. Keeping in mind "luck" is the residue of hard work. Clearly location and client service make the biggest difference. Endre
Lou Ludwig
Boca Raton, FL
Suzanne De Vita
Suzanne De Vita I know of only a couple of old school agencies that demand a 50% split. At Keller we start with a 70%, but this is not about brokerage it is about what we put in our pockets at the end of the sale. Netting around 25% of your commission is not a bad percentage, but you can focus on your expenses and net far more than that if you are careful. Lead with revenue and don't get out in front spending money you don't have to be successful. At $38K in todays world that does not get you much.
Evelyn Johnston
Elkhart, IN
Suzanne De Vita
Dagny Eason
Wilton, CT
Suzanne, good evening. There are a lot of expenses to run a brokerage when helping agents get off the ground.
Evelyn Johnston
Elkhart, IN
Lou Ludwig
Boca Raton, FL
Lou Ludwig – You and me both! Happy holidays to you and your family!
Endre Barath, Jr. – We make our own luck, don’t we? Well said! Wishing you and your family a happy Christmas!
Larry Lawfer – Sound advice for some of the newer agents out there who may be biting off more than they can chew. Thanks for your comment! And happy holidays to you and yours!
Dagny Eason – I imagine providing those tools to new agents can be costly! Happy holidays to you, my friend.
Larry Lawfer
Newton, MA
It is a lot less than the public thinks especially when you factors in expenses and the extra tax burden.
Suzanne De Vita
Lou Ludwig
Boca Raton, FL
Great video! The average consumer cannot even begin to guess how many expenses we have. They just see that big amount and assume we are all overpaid.
Lou Ludwig
Boca Raton, FL
Suzanne De Vita
Suzanne De Vita , just wanted to stop by again and yes you are right:) At the same time I wanted to thank you for the connection and hope to get to know you even better in the New Year. Have a Happy & Prosperous 2015!, Endre
Lou Ludwig
Boca Raton, FL
Suzanne De Vita
