Can someone tell me whats the percentage a Realtor makes off a 2 million dollar !
Question: In Indiana if that makes a difference.
Answers: In Indiana if that makes a difference.
The total commission @6% is $120,000 Divided 4 ways is $30,000. So each Realtor, before any expenses will receive $30,000 if they are on a 50/50 split with their broker. Each broker will also receive $30,000.
5% will yield each $25,000
DO NOT TRY To negotiate the commission down! Not in this market!!! If anything pay the Realtors better commissions to encourage them to show your property! There is too much inventory to choose from and low commission listings will easily get passed over! I guarantee it!
20.00$
just kidding..I don't know
Back in the 90's when I did Real Esteate it was around 6% or 7% but the agent has to split it with the company they work for, often a 60/40 split.
Depends on the Realtor, but probably around $200,000.
My guess, about $200,000- 350,000 just a guess, I do not know !!
They get about 6%...which works out to $120,000.
it depends on if they are the listing or selling broker and whether or not another agent is involved. can be as little as 2.5%
Depends on what state the property is in. In California, it's a 3 tier system(up to $50,000, between 50 and 100, and over 100,000 in sale price). Have forgotten the percentages for each tier, but are set by law, and are under the control of the Dept. of Real Estate!
it's 6% but with the housing slump you should be able to negotiate it down.