How Is My Realtor Paid?
Like professionals in other sales-based industries, the Realtor pay structure is based largely on commissions derived from successful transactions. Here's how it works:
Seller's agent (or listing agent)
The sellers and their agent agree to a commission percentage, in which the agent’s payment is based on the final sale price. The amount will vary depending on the area and the agent.Buyer's agent
At the close of the transaction, the seller's agent splits the predetermined commission with the buyer’s agent as compensation for delivering a buyer. This split is usually about half of the total commission. For example, if a listing is listed with a 6% commission, the typical breakdown is 1.5% to the listing broker and 1.5% to the selling broker. Then 1.5% to each agent. Most brokers and agents spend a tremendous amount of money on marketing every year. It takes a lot of money to sell a home.Get In Touch
Local Expert Updates
Aaron Jones
Cell: 712.320.9442
Brooke Jones
Cell: 641.420.2172
Greg Sheeler
Cell: 712.330.1573
Will Kretsinger
Cell: 712.301.4040
Janie Eick
Cell: 712.339.0574Community Updates
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