Create Date: September 28, 2024
Last Modified Date: December 16, 2024
Calculating how much a real estate agent will make in commission is rather simple to calculate. The variables required are:
Your results will clearly outline how much an agent will be getting paid based on the scenario provided. The results will also show the total amount of money that the seller will get after the agent's commission is take from that money.
Calculating what a real estate agent will be making from selling a house can be an important piece of information. You can use this tool to easily and quickly calculate that value. The steps involved with using this tool include:
We want to find a new career and think real estate is it. We first want to make sure that the money is there and it is something that will pay the bills. We can use this tool to help up find that out. We had an offer to work at an agency where we would make 1.5% of the sale price of a home. The average home price in our area is currently $430,000. If we plug these values into the tool and hit calculate we find that the commission paid out would be $6,450.
An average commission rate should be around 5 to 6 percent of the home sale price. If you sell a house for $100,000 you would be paid around $5,000-$6,000.
You may be lucky to find an agent who charges only 1.5% in certain markets.
According to certain sources in the housing space, West Virginia, Mississippi, Wyoming, Alaska, and Kentucky have some of the highest real estate commission rates.
