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#330451 - 03/09/10 10:58 PM Highest commission ever made?
CIProperties863 Offline
Member

Registered: 03/09/10
Posts: 63
Loc: Polk County, FL
What is the highest amount of money you ever made in 1 deal?

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#330508 - 03/10/10 09:25 AM Re: Highest commission ever made? [Re: CIProperties863]
FSBO Online   content
Member

Registered: 12/11/08
Posts: 322
Loc: Pineville, LA
I once received a 2.5% commission on a 24,500 dollar "home". Not a typo...

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#330518 - 03/10/10 10:07 AM Re: Highest commission ever made? [Re: FSBO]
REODayton Offline
Major Contributor

Registered: 07/27/06
Posts: 3665
Loc: Dayton Ohio
The highest I walked from closing with was just under 12K. I had both sides of the closing. I co-listed though, so I had to split the list side 50-50.

My typical commission though are 1000-1500 flat fee REO commissions. When the seller adds a bonus its a good day.

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#330521 - 03/10/10 10:13 AM Re: Highest commission ever made? [Re: FSBO]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 4458
Loc: Vermont's North-East Kingdom
I once sold a 7 Acre Lot for $3000. 10% Commission on a Co-Broke with a 60/40 Split so's I got to keep a whopping $90.00 !.

But I remember it well as it was the Last of 10 completed Transactions required for a Brokers License. T'was a piece of dry dirt up thar in Mud Hollow.

Oh, did you ask "highest" amount? I must have mis-understood.

I don't keep track of the Dollars; just the number of Smiley Faces leaving the Closing Table!
_________________________
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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#330546 - 03/10/10 01:19 PM Re: Highest commission ever made? [Re: Vermont]
Perky_REALTOR Offline
Mod Squad
Major Contributor

Registered: 11/27/06
Posts: 7685
Loc: PA
I once walked away after my broker split, with about $9,000. I almost had one for $12,000 (had the buyer, lakefront home) but ten days before closing, buyer lost his financing. I cried about that one. When I worked at a daycare center full time, I only made about $14,000 in a year.


Edited by Perky_REALTOR (03/10/10 01:21 PM)

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#330554 - 03/10/10 01:59 PM Re: Highest commission ever made? [Re: Perky_REALTOR]
Maui Offline
Moderator
Veteran Member

Registered: 01/13/10
Posts: 707
Loc: Maui, HI
LOL, Dayton. Perhaps it wasnt your highest but it certainly seems that it was the most memorable. I am a newbie here in Maui so I havent closed many transactions, but now that I have my website up I am definitely going after listings to get my foot in the door.
_________________________
Search Wailea Condos For Sale , then subscribe to our Maui real estate blog and Maui Wordpress Blog for local events and market stats. View one of the best values of Maui luxury real estate in this Honua Kai Condo For Sale.

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#330564 - 03/10/10 02:41 PM Re: Highest commission ever made? [Re: Maui]
NiNi Offline
Member

Registered: 01/22/08
Posts: 93
Loc: La-La Land
$30,000. $1.2mil beach home. Sold with multiple offers in 5 days and went all cash. That was Dec 09. Wish I had more of those high end listings =o)

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#330570 - 03/10/10 03:10 PM Re: Highest commission ever made? [Re: NiNi]
suskorob Offline
Junior Member

Registered: 02/12/10
Posts: 3
Loc: PA
Last year I listed and sold a large farm in my area for 1.2 mil. It was a 5% commisison but reduced it to 4% since I had both sides...walked away with 48k! I worked my but off for this sale but and took almost 9 months to get it to close but it was well worth it. Doubt I'll ever see one like that again.

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#330600 - 03/10/10 05:33 PM Re: Highest commission ever made? [Re: suskorob]
CIProperties863 Offline
Member

Registered: 03/09/10
Posts: 63
Loc: Polk County, FL
Vermont thanks for that story it helps future realtors understand that its not all big bucks all the time & Perky OOCH! I think I would of cried too...

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#330602 - 03/10/10 06:21 PM Re: Highest commission ever made? [Re: CIProperties863]
super realtor Online   content
Major Contributor

Registered: 05/01/05
Posts: 8392
Loc: georgia
Commercial with land assemblages I make a few hundred k or more but the deals take about 2 years to closing.

Individual commercial parcels most was about 50k.

Most on a residential was an REO last year that I double ended and made 22,894.00. The buyers said they hated buyer agents and would put the offer in through me. I said NO PROBLEM! smile

I am working on one land deal 10 acres that hasn't closed yet but we be looking at 120k on that. It's in a prime location perfect for a senior living community and right on the silver comet trail.

After these closings I really need a few weeks off........

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#330606 - 03/10/10 06:42 PM Re: Highest commission ever made? [Re: super realtor]
CIProperties863 Offline
Member

Registered: 03/09/10
Posts: 63
Loc: Polk County, FL
Well super realtor it sounds like your doing great, best of luck on that deal!!!

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#330630 - 03/10/10 09:37 PM Re: Highest commission ever made? [Re: CIProperties863]
Perky_REALTOR Offline
Mod Squad
Major Contributor

Registered: 11/27/06
Posts: 7685
Loc: PA
Yeah, it's hard to make big bucks at one time when the average sale price overall is a little under 200,000...going to be even less than that after this year.

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#330665 - 03/11/10 07:07 AM Re: Highest commission ever made? [Re: Perky_REALTOR]
Oli Offline
Member

Registered: 11/01/07
Posts: 297
Loc: North Carolina
My best was about $7800 that was one sided residential deal.On this deal I helped my broker remodel his office and did not split anything with him other wise it would have been about half of that.
_________________________
There are no shortcuts to any place worth going. (Beverley Sills)

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#330720 - 03/11/10 02:14 PM Re: Highest commission ever made? [Re: Oli]
Crazy 2 Offline
Veteran Member

Registered: 04/22/09
Posts: 540
Loc: California
This is a "variation" to the question and unfortunately , it was back in Dec 2000-
The check paid out to me that day was over 200k.

I double ended a 3.65 million dollar property and sold the seller another high end property and all closed the same day.

Yes, it was a check for the day and no, I haven't had that kind of day for too, too long but that's my best "pay day". As far as what that worked out to per transaction, I was running out the door with the check too fast to sit down and figure it out smile

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#330726 - 03/11/10 02:35 PM Re: Highest commission ever made? [Re: Crazy 2]
REODayton Offline
Major Contributor

Registered: 07/27/06
Posts: 3665
Loc: Dayton Ohio
Originally Posted By: Crazy 2
This is a "variation" to the question and unfortunately , it was back in Dec 2000-
The check paid out to me that day was over 200k.

I double ended a 3.65 million dollar property and sold the seller another high end property and all closed the same day.

Yes, it was a check for the day and no, I haven't had that kind of day for too, too long but that's my best "pay day". As far as what that worked out to per transaction, I was running out the door with the check too fast to sit down and figure it out smile


How long to put that deal together? We have very few 1 million dollar properties in my area. A 500K property is a mansion.

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#330750 - 03/11/10 03:32 PM Re: Highest commission ever made? [Re: REODayton]
Crazy 2 Offline
Veteran Member

Registered: 04/22/09
Posts: 540
Loc: California
This was an estate property that a client bought "not through me" and I almost died...this was a seller's market and this area normally has 90 listings and it was down to 9 at one point.I had called him immediately on this and he wasn't returning calls due to him working with another agent ( I didn't know this when he wasn't returning my calls..ugh ). The buyer was closing escrow and I was helping him on some other potential properties and I asked him about his plans for the property we're talking about that was due to close in a few days( he was an architect ). I asked him, " how would you like to make a million dollars without picking up a hammer?". I knew he bought it under market and the property marketed properly, given that market, could sell for that million over. Long story short- a pocket listing - turned into full fledged listing- I worked it almost a full year.
Received and negotiated about 8 offers during that time that all ended up in that cost plus million dollar mark and of course he was holding out for more.
I ended up double ending it off of the full page glossy ad I referred to and sold him another high end project. I probably spent about 18k marketing it ( I was also marketing myself and spent more than I should have ) Both properties closed simultaneously and the broker did one "ta da" check to me..the buyer and seller had a stand off right before escrow was going to close and I probably learned more that week than I did my whole career.

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#332083 - 03/22/10 01:41 AM Re: Highest commission ever made? [Re: REODayton]
Hanz Investments Offline
Member

Registered: 11/10/09
Posts: 76
Loc: Dallas, Texas
28,000 for me on a double end deal!!
_________________________
Hanzinvest@gmail.com

I always appreciate a name # of someone I can help!
Agents I pay 30% Reff. Fees!

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#332191 - 03/22/10 05:11 PM Re: Highest commission ever made? [Re: Hanz Investments]
niche Offline
Member

Registered: 07/12/08
Posts: 32
Loc: Southern California
$42,000 double ended

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#332390 - 03/23/10 06:04 PM Re: Highest commission ever made? [Re: niche]
Paceryder Offline
Veteran Member

Registered: 05/14/05
Posts: 935
Loc: The Milky Way
Just throwing this out there. An agent on the East End, where I am, double ended a 6% $22 million dollar deal. It's the highest transaction out here. I don't want to figure out what she made, I would probably kill myself.

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#332979 - 03/27/10 04:54 PM Re: Highest commission ever made? [Re: Paceryder]
Agent 007 Offline
Major Contributor

Registered: 02/05/05
Posts: 2710
Loc: Las Vegas
Originally Posted By: Paceryder
Just throwing this out there. An agent on the East End, where I am, double ended a 6% $22 million dollar deal. It's the highest transaction out here. I don't want to figure out what she made, I would probably kill myself.


$1,320,000 commission.

That's not a bad payday...
_________________________
Len McGuirk
Prudential Americana Group
Direct: (702) 203-6688
Las Vegas Real Estate

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#332987 - 03/27/10 07:12 PM Re: Highest commission ever made? [Re: Agent 007]
RAH Offline
Member

Registered: 03/08/04
Posts: 311
Loc: Ontario
$96,250 ... got lucky on a land deal once ...I'd be shocked if I ever pulled that off again.

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#332990 - 03/27/10 08:08 PM Re: Highest commission ever made? [Re: RAH]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2868
Loc: Old Dominion
Low 20s. It was 2% of SP, Aurora REO. Still think about it 2 years later.
_________________________
Life's not fair.

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#332993 - 03/27/10 08:23 PM Re: Highest commission ever made? [Re: Doin' bpose]
FL_Agent Offline
Veteran Member

Registered: 07/14/08
Posts: 913
Loc: Puffy Clouds
Just a tad over $10K...hoping to break that record soon.

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#333002 - 03/27/10 09:03 PM Re: Highest commission ever made? [Re: FL_Agent]
tempeagent Offline
Member

Registered: 03/02/07
Posts: 127
Loc: Tempe, Arizona
$32K, one side. Was actually my first sale as a new agent smile.
_________________________
http://www.RodSellsAZhomes.com

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#333272 - 03/30/10 11:00 AM Re: Highest commission ever made? [Re: Agent 007]
your_agent Offline
Member

Registered: 11/14/06
Posts: 189
Loc: Danbury,ct
An agent in my area recently closed on a $5.5 million listing with her own buyer. Someone is my office sold a $780,000 listing to her own buyer.

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#333558 - 04/01/10 02:27 PM Re: Highest commission ever made? [Re: your_agent]
Bay Area Brian Offline
Member

Registered: 06/09/07
Posts: 430
My highest commission came as a result of my being stubborn. I had a seller come into my office wanting me to list a $12 million land deal.

On land deals my commission had always been 10% and I wouldn't budge. He told me agent so and so with the national brand would do it for 5%. I wished him luck. A year later he approached me at 7.5% and I turned him down (that was harder). A month later he listed it with me at the same listing price but at my 10% rate. I found a buyer in three weeks.

You can figure out the commission. Now if only I hadn't financed a Silicon Valley start up company I would be a much happier fellow. The start up company came close but the timing was off about a year (one time when it would have be better to wait so no cigar, no jet set, no parking my yacht next to Aristotle and Jackie O's at Monte Carlo).

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#333641 - 04/01/10 09:25 PM Re: Highest commission ever made? [Re: Bay Area Brian]
CIProperties863 Offline
Member

Registered: 03/09/10
Posts: 63
Loc: Polk County, FL
Damn that sucks! wouldn't it be nice to close deals like this all the time. There is a broker in Greenwhich, CT around my way that has many many listing all over $10M. He was sold house to people like Martha Stewart, Vince Mcman, Jerry Spinger etc. He is 1 of the most down to earth rich person I have ever met. It must feel good to do bussines like him.

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#334109 - 04/07/10 10:16 PM Re: Highest commission ever made? [Re: FSBO]
CrazyLisa Offline
Junior Member

Registered: 11/14/09
Posts: 5
Loc: CA
I once made a 2.5% commission on a $10,000 home :rockon:


[quote=FSBO]I once received a 2.5% commission on a 24,500 dollar "home". Not a typo... [/quote]

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