First, why would you want to be a broker and not just be an agent?

As you might guess, it's all about the money. Real estate brokers make more than agents. Agents "eat what they kill" and nothing else; the broker, meanwhile, gets to nibble on every single deal that comes through the office source. That said, the actual amount varies depending on a whole bunch of conditions, not the least of which is where you're doing all of your selling. In some tiny towns far away from The Big City, the local high school rules the roost.

We're talking some real Friday Night Lights football-type places. High school stadiums fill up with 20, fans. But there's a drawback: Let's do some math.

It's likely you work for a local real estate firm source. You've probably seen signs for these places: Century 21, Coldwell Banker, ReMax the guys with the hot air balloon.

In those cases, somebody else owns the firm and pays royalties to whomever, in return for advertising and other administrative tools they offer. In total, the real estate commissions were six percent.

Now let's go to Silicon Valley, California. And we could just as easily do Manhattan or Chicago or Dallas or any other major city in a hot market area.

What Percentage of the Sale Price Do Realtors Charge? | husoxupowoj.web.fc2.com®

A top realtor in Silicon Valley doesn't just sell pricier homes, they can also how much money does a realtor make a dozen or more in a given year. But the clientele is radically different from Podunk City.

The buyers are Internet moguls who are thirty years old, and two-thirds of them graduated from the engineering how much money does a realtor make at Stanford University in the heart of Silicon Valley. They have the cash, so the homes they want have to be worth it.

How much money do real estate agents make? | Zillow

The numbers are vastly different from dear old Earnest money deposit when making an offer. A decent home in Palo Alto or Atherton or Woodside or Los Altos Hills sells for five million, and there are tons of homes that sell for well above ten million source.

So wherever you end up, make sure you're aware of what that market's value is and who the buyers are. You can list a property for as much as the seller wants; whether or not it sells all depends on the people in the area having the Benjamins for that kind of deal. Advertisers Jobs Partners Affiliates. Terms of Use Privacy.

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