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How Much Do Real Estate Agents Make When They Sell Your Home?

How Much Do Real Estate Agents Make When They Sell Your Home?

If you’re like many home-sellers in Lake City, you know that part of the profits you make from selling your house will go to pay the real estate agents involved in your transaction. But just how much do real estate agents make when they sell your home? Here’s what you need to know. 

How Much Do Real Estate Agents Make When They Sell Your Home?

Selling your home costs money – but how much depends on several factors. One of those factors is how much you sell your home for, because a percentage of the sales price goes to the buyer’s agent and the seller’s agent (through their brokers).

Related: 3 home-selling secrets you need to know

That percentage is a real estate commission. Generally, you can expect to pay around 6 percent of your home’s sales price in real estate commissions. That commission is typically split between the two brokerages representing both sides of the transaction – the buyers and the sellers. Then, each brokerage takes its fee before passing along the remainder to its agent. 

If you sell a home for $500,000, a 6 percent commission works out to $30,000. In most cases, half goes to the buyer’s agent’s brokerage and half goes to the seller’s agent’s brokerage. Brokers take varying fees for handling the transaction before giving the real estate agents their earnings.

Related: How to design your outdoor dining space

Sellers’ agents bear personal expenses in selling a home, too. Typically, photographing and advertising a home comes out of the seller’s anticipated profits – though many brokerages pitch in for advertising fees.

Are You Buying a Home or Land for Sale in Lake City?

If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.

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15585 184th St $549,900

15585 184th St McAlpin, Florida

2 Beds 2 Baths 1,130 SqFt 41.81 Acres

Posted in: Real Estate, Sellers, Selling Tagged: How Much Do Real Estate Agents Make When They Sell Your Home

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Search Smarter

Did you know the hottest North Florida land for sale often sells within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest land as they hit the market! Simply click the button below and choose the types of North Florida land you are looking for and save your search to start getting alerts today!

New Property Alerts

As a local expert, I also have access to North Florida land for sale before it hits the market and can show you more information that is only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

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