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How much does a typical real estate agent make from selling one house, and how long does it take them to sell a home

A typical real estate agent can make anywhere from 30,000 to 217,950 per year, depending on the number of homes they sell and the commission rate. The commission rate is typically 5-6% of the home's sale price, with 2.5-3% going to the listing agent and 2.5-3% going to the buyer's agent.

For example, if a home sells for $500,000, the commission would be $30,000 (6% of $500,000). The listing agent would receive $15,000 (2.5% of $500,000), and the buyer's agent would receive $15,000 (2.5% of $500,000).

The amount of time it takes to sell a home can vary greatly depending on factors such as the location, condition, and price of the home, as well as the agent's marketing strategy and negotiation skills. Some homes may sell within a few days, while others may take several months or even years to sell.

It's worth noting that real estate agents typically have to split their commission with their brokerage, which can range from 30% to 50% of their commission. This means that the agent's take-home pay may be lower than their gross commission. Additionally, agents may have to pay fees to their brokerage, such as a flat fee per transaction or a monthly desk fee.

Overall, a real estate agent's income can vary greatly depending on their level of experience, the number of homes they sell, and the commission rate they negotiate with their clients.

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