How Much Money Do Real Estate Agents ACTUALLY Make?
commission
7%/3%, industry jargon for 7% on the first $100,000 and 3% on the balance of the sale price.
If you sell your home for $500,000 then the amount would be $19,000. Again, this is a sliding scale, so if the sale price is $200,000 the amount would be $10,000. If your sale price is $1,500,000 the amount would be $49,000.
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