Sunday, November 24, 2013

How Do They Get Paid?

This is a question that I use to be curious about but finally figured out. How do real estate agents get paid? Basically this is how it works, the agent works for the broker who sets the commission percentage for the agent. When the agent sells the house the broker and agent get a total commission of the sales price somewhere around 6 percent or so. The broker then pays the agent from that money that was earned from selling the house. This is basically how it works.

1 comment:

  1. Is it better to be the broker or the real estate agent in this arrangement? I assume real estate agent but I may be wrong.

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