Everytime the topic comes up about "My realtor just took xx% comission on my house - what a ripoff". This is always countered by a realtor who claims "I don't get to keep all of that. I've got fees to pay". EXACTLY (real dollar amounts) how much money in fees gets subtracted from that. Ideally, what I'd like to see is a breakdown of exactly all the fees that would be subtracted from the gross commission until we arrive at the final net value. I'm contemplating getting into this field and I want to see some hard numbers rather than the ambiguous "I pay fees out of that comisssion" I always see tossed around.
To get the ball rolling, let's say a $500,000 house was sold on the typical com schedule. 3.5% of the first $100k and 1.5% on the remainder to each realtor. So, $3500 + $6000 = $9500.
$9500 - "fees" = "what" ?
What are the exact amounts for the fees a realtor pays - all monthly/yearly fees as well as during transactions?