Being A Realtor

Real estate is a career with significant rewards and as many challenges. Though it can be lucrative, it requires hard work and sacrifice. If you’re interested in going into real estate, we’ve put together a list of the pros and cons of becoming a real estate agent. Pro: You have the flexibility to choose your own schedule A majority of Real Estate Professionals get into the business because they want a flexible schedule, and it’s true, in real estate you are your own boss and can arrange your day so that you’re able to attend your child’s sporting event or be home for the after-school rush. You don’t clock in and clock out every day. “There have been tremendous shifts in terms of when, where, and how people are working,” Sarah Sutton Fell, the CEO of FlexJobs told U.S. News, “and in the last five years we’ve seen a big increase in flexible work options, both being offered by employers and being sought by professionals.” Real estate is one of those prized careers that hav

How Much House Can I Afford? Applying for a mortgage and buying a house is a major financial decision that can affect your bottom line for up to 30 years or more so it is important to understand how much house you can afford. The first step in paving a smooth financial path for yourself is to add up your monthly income and expenses. Use our calculator to help with this . The calculator will analyze your monthly income, expenses, and future property taxes and insurance to estimate the mortgage amount that would best fit your budget. Read below to learn more about the factors to consider. Start with budgeting basics It’s a matter of looking at how much money you earn versus how much you spend. Don’t include what you’re currently paying in rent or mortgage in your expenses, since you will put that money toward your proposed mortgage.  Subtract your expenses from your income. The difference is what you have to work with when it comes time to buying a house.  Once you

How much is real estate commission? Typically, real estate commission is 5%–6% of the home’s sale price. In most areas the buyer’s agent receives 2.5%–3% in commission and the seller’s agent receives 2.5%-3% in commission. Who pays the commission? If you are buying a home, you don’t have to pay real estate agent commission; however, you still have to pay closing costs. On the other hand, if you are selling a home you pay commission to both your agent and the buyer’s agent when your house closes. Can you negotiate commission fees? Some agents will lower their commission fees, particularly if they are representing both the buyer and the seller in a home sale (also known as dual agency). How does commission work for buyers? The home seller pays the commission for both the seller’s agent and the buyer’s agent. But that doesn’t mean that there is no cost to the buyer. Sellers sometimes account for the fee they’ll be paying and pass costs along by raising their lis

How much do real estate agents make on a sale?  A real estate commission depends on the type of services provided, the actual agreements between the parties involved, and on local custom. The most common figure is 6 percent. 1- Typically, the seller pays the commission 2-The commission is usually split between the buyer’s and seller’s agents 3-Sellers can pay lower fees by using discount brokerage services or selling on their own How much do real estate agents make? That depends A real estate agent usually doesn’t earn an hourly wage. Instead, most make their income only after a home has been sold. This income is in the form of a commission, which equates to a percentage of the home’s selling price. So the answer to how much do real estate agents make will depend on how much the home sells for. The average commission today is between 5 and 6 percent of the home’s sales price. Say the home you buy sells for $300,000. A 6 percent commission would equal $18,000.

Real estate agents make their money by arranging home sales and taking a cut of the sale price, usually in the range of 5 to 6 percent.  This fee is typically paid by the seller at closing and gets deducted from the seller's money and given to his agent.  The seller's agent doesn't get to keep all the cash, however.  The seller's agent must share the bounty with the buyer's agent.  If they didn't, Realtors would essentially work for free when showing houses, and no one wants to work for nothing. The 6 Percent "Tradition" Real estate commission rates aren't fixed, which means you can negotiate with your Realtor for a lower fee. Although a 6 percent commission is common, the average agent commission in 2015 was 5.26 percent.  When discussing commission, you may notice that your agent frequently refers to a " traditional commission ." This may seem odd, but it's quite normal in real estate circles. It's illegal f