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On average, the fee can range anywhere from 4% to 6% of the home value, but the industry standard is 6%, which is split 50/50 with the buyerâs and sellerâs agent. So for example, a homeowner that sells a home for $200,000 would have to pay up to $12,000 in real estate agent fees if they were to pay the full 6%. This fee wonât be paid until you reach escrow and the sale is finalized. Once finalized, the funds will automatically be transferred to the brokerage at closing.
Not to mention the rather enticing fact that real estate can be a lucrative field. According to the Bureau of Labor Statistics, real estate agents make an average of $45,610 per yearâand the top 10% tier of agents earned a whopping $166,940 in 2015.