Monday, May 18, 2015

How Do Realtors Get Paid?


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Hey everyone, today we are talking about Realtor fees. Most people I meet with don't have a clear understanding of how Realtors get paid for a living in terms of the commission they  take. 

When you are selling your home with an agent, you are going to pay a commission, usually a percentage of the final sale price. The standard commission in our area is 6%, with 3% going to the buyer's agent and 3% going to the listing agent.  

All of our time, marketing, and advertising is invested upfront on our behalf until our client's property closes. For practical purposes, let's say we earn 3% on your sale. Of that 3%, 15-25% will go to our broker, Keller Williams. An addition, costs we incur is our marketing fees, which will be about 10% of that 3% commission. 50 cents out of every dollar we make goes back into our business and our clients. When you hire a Realtor, you want to find someone who will work for you, and that's what we do. If investing half of our earnings back into our clients doesn't demonstrate that, I don't know what does. 

If you have any questions or are looking to buy or sell here in Jupiter, give us a call or send us an email. We look forward to speaking with you soon!