Home

How much commission does real estate agent make

 
Post new topic   Reply to topic    Forum -> Household Management -> Finances


View latest: 24h 48h 72h


amother




OP
 

Post  Tue, Oct 27 2020, 10:41 pm
I am iyh buying a house for 330k how much will my RE agent get? Ty
Back to top

amother




Blush
 

Post  Tue, Oct 27 2020, 10:53 pm
It's different depending on location. I work at a NY based real estate firm where we mostly deal with properties in the boroughs and commission is approx 3-4%.
Based on the price you're quoting it looks like you're located in a more affordable area. Commission in that case may be a bit higher 4-5% but I'm only guessing here
Back to top

yiddishmom




 
 
 
 

Post  Tue, Oct 27 2020, 10:58 pm
Out of curiosity, why do you want to know?

The Seller pays commission. Not the Buyer.
Back to top

amother




OP
 

Post  Tue, Oct 27 2020, 10:59 pm
yiddishmom wrote:
Out of curiosity, why do you want to know?

The Seller pays commission. Not the Buyer.


Yes I know
I’m the buyer and I was just curious!
Back to top

amother




Blush
 

Post  Tue, Oct 27 2020, 11:01 pm
yiddishmom wrote:
Out of curiosity, why do you want to know?

The Seller pays commission. Not the Buyer.

Of course the buyer pays the commission! The price of commission is directly factored into the asking price
Back to top

yiddishmom




 
 
 
 

Post  Tue, Oct 27 2020, 11:07 pm
amother [ OP ] wrote:
Yes I know
I’m the buyer and I was just curious!


Where are you buying? Depends on location.
Back to top

yiddishmom




 
 
 
 

Post  Tue, Oct 27 2020, 11:07 pm
amother [ Blush ] wrote:
Of course the buyer pays the commission! The price of commission is directly factored into the asking price


Some truth to that.


Last edited by yiddishmom on Tue, Oct 27 2020, 11:08 pm; edited 1 time in total
Back to top

yiddishmom




 
 
 
 

Post  Tue, Oct 27 2020, 11:08 pm
You'll be able to see the exact amount on your closing statement.

Is there a buyer's and Seller's agent or just one agent?
Back to top

amother




Pink
 

Post  Tue, Oct 27 2020, 11:09 pm
I’m a real estate broker in Monsey. Average commission is 4-6% and is split between the buyers and sellers agent
Back to top

yiddishmom




 
 
 
 

Post  Tue, Oct 27 2020, 11:15 pm
I forgot, in NJ (and I believe NY too) the commission is usually written in the Contract.
Back to top
Recent Topics

Page 1 of 1 View latest: 24h 48h 72h


Post new topic   Reply to topic    Forum -> Household Management -> Finances

Related Topics Replies Last Post
S/O Writers, how much do you make?
by amother
8 Today at 10:33 am View last post
Help me buy a real gold watch in Brooklyn
by amother
3 Today at 10:07 am View last post
Graphic designers: how much do you make?
by amother
3 Today at 12:11 am View last post
How can you make this Zara leather dress wearable?
by amother
23 Yesterday at 11:56 pm View last post
Make us laugh
by amother
2 Yesterday at 10:25 pm View last post