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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.
Agents who spend 60 Hours + working make an approximate hourly wage of $27.87 (based on 65 hours/week). Those who work fewer than 20 hours make just $12.69/hour (based on 15 hours/week).Another major variable in real estate agent salary is how many years an agent has been working in real estate. New agents make significantly less â a median gross income of $9,100. This includes both part-time and full-time real estate agents. After 3 to 5 years, agents tend to earn a more proper median income of $37,400. This nearly doubles after 16 years to $68,800.