What percent profit do real estate agents make selling a house?
Dylon asked:
5%, 10%…? I want to become a real estate agent. I graduate in 2 years so i really need to figure out if i want to do this or not. I have heard that you cant make a living by just being a real estate agent. Can you? And how many years of schooling do you need?
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5%, 10%…? I want to become a real estate agent. I graduate in 2 years so i really need to figure out if i want to do this or not. I have heard that you cant make a living by just being a real estate agent. Can you? And how many years of schooling do you need?
June 1st, 2010 at 1:00 pm
6% which is split with the Listing Agent and their company and the buyer’s agent and their company
So you might see 1% Tigg
June 5th, 2010 at 12:07 am
Please google REAL ESTATE SCHOOLS - check out your options - they charge 2000 to 3000 and you split a 6% commission. dusty_titus
June 7th, 2010 at 6:15 pm
After all is said and done, 1.5% of the sales price is about right after you account for commission splits and/or desk fees with your employing broker, and then factor in advertising costs, continuing education, fuel expenses/extra car maintenance, professional association/MLS membership, etc. For most agents, it’s not an especially lucrative field, but if you are proactive, personable, and willing to work hard, you can make a very good living. High performing and highly experienced agents might bring 2% home.
Re: schooling…For a salesperson’s license, generally you only need a high school diploma or equivalent. (Some states don’t even require that.) The mandatory coursework can generally be completed over the course of a few months. Andy