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Getbig Main Boards => General Topics => Topic started by: akers1021 on July 07, 2009, 09:52:42 AM

Title: So at 6% commision a real estate agent would get 2.2 million.
Post by: akers1021 on July 07, 2009, 09:52:42 AM
http://www.showcasebyagent.com/sba/index.php?sbo=r0s0614


Not bad for a days work, only 38 million for this crib...Alan Jackson's house.  Imagine the lawn maintenance bill.... ;D
Title: Re: So at 6% commision a real estate agent would get 2.2 million.
Post by: UPINTHEMGUTS on July 07, 2009, 11:28:39 AM
Quote from: akers1021 on July 07, 2009, 09:52:42 AM
http://www.showcasebyagent.com/sba/index.php?sbo=r0s0614


Not bad for a days work, only 38 million for this crib...Alan Jackson's house.  Imagine the lawn maintenance bill.... ;D

When the real estate market is good, it's REALLY good to be a realtor. When it's bad, like it is now, consider a new profession.

Deals like this one don't grow on trees these days.
Title: Re: So at 6% commision a real estate agent would get 2.2 million.
Post by: Migs on July 07, 2009, 03:45:02 PM
Well actually it is more like 3% since the commision is split between realotrs.  Also you have to pay for the MLS listing fees, brokerage fees and marketing fees.  So each guy makes less than 1.1 million on the deal.  Then they get hit at a higher tax rate since they are self employed.  So prabably get taxed around the 30% range give or take.  Still not bad.  The issue arises in the bad market, finding someone who can afford this.  Also lots of listing agents are cutting the commission rates to be more aggressive in getting sellers.
Title: Re: So at 6% commision a real estate agent would get 2.2 million.
Post by: akers1021 on July 08, 2009, 05:19:17 AM
Quote from: Migs on July 07, 2009, 03:45:02 PM
Well actually it is more like 3% since the commision is split between realotrs.  Also you have to pay for the MLS listing fees, brokerage fees and marketing fees.  So each guy makes less than 1.1 million on the deal.  Then they get hit at a higher tax rate since they are self employed.  So prabably get taxed around the 30% range give or take.  Still not bad.  The issue arises in the bad market, finding someone who can afford this.  Also lots of listing agents are cutting the commission rates to be more aggressive in getting sellers.

Yeah I just don't think I could deal with ONLY getting that.    ;D
Title: Re: So at 6% commision a real estate agent would get 2.2 million.
Post by: Army of One on July 08, 2009, 03:38:59 PM
That house is fucking insane