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#244930 - 08/17/08 12:29 PM What do you make in commision?
skg1396 Offline
Member

Registered: 08/11/08
Posts: 26
Loc: skg1396
I know this is a very general question, but I was wondering what you make on average per house you sell? What is the minimum and maximum commision you have made being a RE Agent?

Thanks!

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#244937 - 08/17/08 01:19 PM Re: What do you make in commision? [Re: skg1396]
Vermont Online   content
Veteran Member

Registered: 04/12/08
Posts: 941
Loc: Glover, Vermont
I don't remember the dollar figure on the topside; but I do remember selling a 2 Acre Piece of Dirt (Land) for $3000 where the Commission was 10% and it was a Co-Broke so we split $300 and then my Agency at the time took 50% of my $150, so I got $75.00. The Closing was conducted about 40 miles away; so that took something away also ! But I didn't turn my nose up at it . . . . A Sale is a Sale !

The Listing Agent also netted a whole $75.00; but he had to go to the property about 7 times including 2 visits with a Surveyor and then a final one to walk the lines with my Buyer. The Surveyor probably received $1500.00.

I remember it well because it was one of the Mandatory 10 Transactions a Salesperson had to participate in to qualify for a Broker's License . . . . so I chalked it up to education (like several thousand other seemingly wasteful activities).
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#244939 - 08/17/08 01:25 PM Re: What do you make in commision? [Re: Vermont]
Perky_REALTOR Global Moderator Offline
Major Contributor

Registered: 11/27/06
Posts: 3900
Loc: Northeast PA
The minimum one I received was about $300 for a piece of land, but then again, I spent about 8 hours driving the guy around till we found "it."

So far the most I've received is about $4900 for a sale I double ended.

If I sell a lakefront I may make $15,000 or more.

Most of our "average" properties here are between 100,000 and 220,000.

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#244940 - 08/17/08 01:37 PM Re: What do you make in commision? [Re: Perky_REALTOR]
skg1396 Offline
Member

Registered: 08/11/08
Posts: 26
Loc: skg1396
So how many houses do you on average sell per month? Also, is 3,000 - 4,000 commision per house a fair average on a house that sells for 150,000 - 200,000?

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#244941 - 08/17/08 01:38 PM Re: What do you make in commision? [Re: skg1396]
skg1396 Offline
Member

Registered: 08/11/08
Posts: 26
Loc: skg1396
Don't mean to "double-post" but what does Double-ended mean?

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#244942 - 08/17/08 02:25 PM Re: What do you make in commision? [Re: skg1396]
Vermont Online   content
Veteran Member

Registered: 04/12/08
Posts: 941
Loc: Glover, Vermont
Perky is referring to a situation where she did the WHOLE JOB; she Listed a Property and then Sold the same property WITHOUT having to rely on someone else to perform the Selling Side of the Transaction . . . . In other words, NOT a Co-Broke.

For illustration, what I referred to above was a Co-Broke on my giant $3000 Sale. Had the Listing Agent been able to make the Sale WITHOUT my assistance, then he would have Double-Ended the Deal and received a Whopping $150.00!

What a Day it would have been for him !

I might add that the $3000 Transaction has put many other Commissions in my pocket over time . . . . Like Magic ! Mostly because the Buyers knew I told them about EVERYTHING that was on the Market at that moment in time; and including the CHEAPEST things and NOT just my own Listings.


Edited by Vermont007 (08/17/08 02:43 PM)
Edit Reason: punctuation issues
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#244945 - 08/17/08 02:41 PM Re: What do you make in commision? [Re: skg1396]
Perky_REALTOR Global Moderator Offline
Major Contributor

Registered: 11/27/06
Posts: 3900
Loc: Northeast PA
Originally Posted By: skg1396
So how many houses do you on average sell per month? Also, is 3,000 - 4,000 commision per house a fair average on a house that sells for 150,000 - 200,000?


It really depends on the split with the broker and if there is a franchise fee involved. If my split right now were 60% and an 8% franchise fee, if I co-broked a house for $178,000, my approx. commission would be about $2900.

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#245140 - 08/18/08 08:08 PM Re: What do you make in commision? [Re: Perky_REALTOR]
estatereal Offline
Major Contributor

Registered: 01/27/07
Posts: 1755
Loc: USA
if i close on a 300k property, i would expect to walk with somewhere between 7500 and 9000 dollars.

of course i have all of my expenses out of that, but the expenses that one would incur are mostly self imposed.

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#245202 - 08/19/08 01:12 AM Re: What do you make in commision? [Re: Perky_REALTOR]
Merkaba Offline
Veteran Member

Registered: 03/20/07
Posts: 923
Originally Posted By: Perky_REALTOR
Originally Posted By: skg1396
So how many houses do you on average sell per month? Also, is 3,000 - 4,000 commision per house a fair average on a house that sells for 150,000 - 200,000?


It really depends on the split with the broker and if there is a franchise fee involved. If my split right now were 60% and an 8% franchise fee, if I co-broked a house for $178,000, my approx. commission would be about $2900.




Geez, Is this before or after taxes? If I co-broke 178,000 my check will read 3579 before I pay the uncle and expenses.


Edited by Merkaba (08/19/08 01:13 AM)
_________________________
Mr. Owens, Realtor, ABR, E-Pro

Keller Williams Realty, Central
Simpsonville SC
owens29607@yahoo.com

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#245211 - 08/19/08 02:19 AM Re: What do you make in commision? [Re: Merkaba]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 5331
Loc: georgia
I double ended an REO in July for 22k in commission.

Commercial we won't get into that.

I am getting more and more into my own investment deals now.

Why make 5k when I can make 50k on my own deals? No brainer..

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