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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.
According to the Bureau of Labor Statistics (BLS), real estate brokers and sales agents made a median hourly income of $20.52, or $42,680 a year in 2010. A high school diploma is needed to get started as a leasing agent. One might also need licenses from the state in which they work.