Commission is a source of angst for many real estate agents. When they are sitting at their computer, trying to figure out their commission, they don’t know how it’s calculated and they can’t be sure that the numbers they calculate are right.
In real estate, the commission represents 50%-75% of sales revenue. You make more money when you sell or buy a home or property.
Imagine if you would know how it is being calculated to strategize it as another financial stream.
Real Estate is a commission-based business, for example, currently, the average sale price in the Tampa Bay Area is about $458,000.
Commissions are negotiable, but for example at only 3% commission that's $13,740 in gross commission!
($13,470 Gross Commission x 70% Commission Split = $9,618 Payable to the Sales Associate )