what percentage do real estate agents make

1 year ago 51
Nature

Real estate agent commissions are not standardized and are negotiable according to antitrust laws. The commission rates are traditionally split four ways between the listing agent, their broker, the buying agent, and their broker. The average commission rate for listing agents in Georgia is 2.87% of the final home price, and for buyers agents, it is 2.89%, for a total of 5.76% . However, the average commission rate in Georgia is 5.8%, which is slightly higher than the national average of 5.4% . The exact percentage that real estate agents make can vary, but typically a listing agent only gets a 3% commission of the sale because they must split the commission with the buyer's agent. The seller pays around 6% commission, and the buyer's agent will take roughly half of that, so the total commission price is split between the two agents.