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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.
Most real estate agents earn their money by helping clients buy or sell homes or other real property, such as land or commercial buildings. The life of a real estate agent frequently includes many miles spent driving to and from properties and for business-related reasons. Real estate agents, especially full-time professional agents, frequently manage to accumulate impressive annual mileage averages.