The norm for real estate agents are around 50-60K. Those cracking 6 figures are well-established with a good client base, and I'm sure not a lot each that level. The hardest years will be your first. In terms of commission, from what my friend told me its more like 7% on the first 100K and 1% on the remaining and that is all split between the two agents. You also have to worry about paying the service fee to your brokerage house which ranges from taking a commission per sale to taking a lumpsum at the end of each year.
Originally Posted by jagsjay
every tom,joe,,lee,mohammed,akbar are real estate agents....
how much do they make?
and from my understand they get commission from the seller whether they are on the buyer or seller side
for example, if house is sold for 200K, 10% commission so 6% for seller agent, and 4% for buyer agent...is this how it works?
i wud think some agents make 100K+ but most make under 60K?