Realty Agent Paid Less Than Public Thinks

Posted on: July 25, 2006 Posted by: Real Estate We Blog Comments: 0

Realty Agent Paid Less Than Public Thinks

Real estate consumers see commissions paid to brokerages between 4-8% and feel that as home prices rise, agents are over compensated. Consumers would be surprised at how little of the commission actually shows up in their agent’s wallet. Most real estate transactions have a listing (seller’s) agent and a cooperating (buyer’s) agent from different brokerages. Most agents have to split their commission with their brokerages in exchange for, marketing, administrative and technology services. Industry sources state the cost to a brokerage on average is $17,000 per year to provide services to an agent.
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Posted on Monday, June 26th, 2006. Filed under: Real Estate Misc, Real Estate Investing

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