There are many people that want to know what real estate commission should I pay my agent or broker? They may think this is a simple question but they don’t understand that real estate commissions can range from zero dollars for an agent that handles several properties and has several clients on commission, to several thousand dollars for someone who handles ten or more properties.

what real estate commission should i pay

It is always best to try to get the most commission possible but if you can’t do it, then you have to figure out what real estate commission should I pay my agent or broker. There are many factors that can contribute to this number but generally speaking, the more properties you work with and handle, the more you will end up paying in commissions.

When you start your career in real estate, you will be working with many agents. You can be tempted to take on multiple agents at once so you can get more commission from each one. You may be able to save money by doing this in the beginning because you only pay one agent a flat fee but as your business grows, you will find that you are paying much more per commission because you can afford to.

Another factor that can affect your commission is the number of properties that you handle at any one time. If you have a lot of properties, you will probably have more work for your agent. With this more work, the agent may offer you more commission which can lead to an increase in your overall pay.

As a general rule of thumb, you should not increase your commission unless you are getting more work for the same price. This will help you to budget your money and know how much money you can realistically spend on commission.

Finally, if you are trying to figure out what real estate commission should I pay my agent or broker, you should also know what other agents are charging for their services. The best way to do this is to ask all of your friends or family members if they are currently working with an agent or a broker. Then you can use the information to figure out what other agents are charging for their services.

Remember, just because you like the job your agent is doing does not mean that you are going to be happy doing it forever. If you find that you are unhappy, then you can change agents or brokers and move on to something that is better for you.

These are the factors that will determine what real estate commission should I pay my agent or broker. However, there are many other things that you can do to keep your expenses down as well as helping to keep your agent from overcharging you for commissions. Once you learn the ins and outs of real estate, you will be able to set your own terms and expectations with your agent or broker and have more control of how much money you are paying in commissions.