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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.
While some real estate agents can make a great deal of money, the median income in 2015 was only $44,000 for real estate agents. The low income for real estate agents deters many people from looking into the profession any further, but there are many reasons the average real estate agent does not make much money. Many agents work only part-time, many agents have no idea what they are doing, and many agents do not have the discipline to motivate themselves.