How do realtors get paid?

typically 3% by buyer and 3% by seller

not so humble brag

6% total. Realtors split the fees. They may get 2.5 % each and their companies each get .5%. (Or something similar).

A good realtor is well worth the expense. FISBO's can get drawn out. Plus the bidders lowball.

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How do realtors get paid?

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With a check.

6% commission is outdated and obsolete. Zillow and similar sites will continue to drive this down because they are having to work less and less for the money

Real estate agents get paid by the Broker.

6% both realtors get 3%(5% both get 2.5%) and if they are not real estate brokers they have to work for someone who is a broker and the broker takes half of the 3%.

So realtor sells a house for 200k they make 6k(3%), they give 3k to broker(1.5%)if they are not one, and keep 3k(1.5%)

Real estate agents are no better than used car salesman, except the deal in bigger figures. The problem with real estate agents is they overprice everything so they can make their cut. Look at what they are doing post flood. I've seen some of the biggest pieces of crap homes on the market for $195 sq/ft. They are just ripping people off.

Best move i ever made was buying a FSBO house.

Crushed it when I sold with a realtor 6 years later. I got the house at least 50k less than worth. Prob closer to 75K. And the fact it was FSBO meant almost nobody knew it was for sale. So it was still sitting there for me.

Edited: seems if youre smart you can do well selling without a realtor as well. Was not my experience though.