Realtor’s Commission

Realtors’ commissions are typically 5%-6% of the purchase price. The Seller’s agent and the Buyer’s agent will split the commission 50/50. If the agent’s license is with a broker, then the agent with split their commission with the broker that split is typically 50/50 to 90/10 depending on the broker and how the agent produces. 

Example: based on the purchase price of $100,000

The Agent commission is: 5% -6%= $5,000 – $6,000

 Seller’s and the Buyer’s agent will split: 50% = $2,500 – $3,000

The agent will split with their broker: 10% -50% = $250 – $1,500

The Agent take home $1,500 – $2,700 Per $100,000 not including any other office fees.

Salesperson Licensed with Real Estate Referral Company, (SLWRERC)

Rather than acting as a full-Service real estate agent for a client, a licensed real estate referral agent is someone who focuses on guiding clients to the best-licensed salesperson to assist them as a buyer or seller in a real estate transaction. If the client successfully closes a transaction, the referral agent collects a part of the commission earned from the agent they referred the client to. Their commission is typically 25% for a referral.

Example: Based on the purchase price of $100,000

The Agent commission is: 5% -6% = $5,000 – $6,000

Seller’s and the Buyer’s agent will split: 50% = $2,500 – $3,000

The agent split with (SLWRERC) 25% = $650 – $750

The (SLWREC) will split with their broker 10% = $65 -$75

The (SLWREC) take home $585 – $675 Per $100,000

Our Finder’s Fee

We will pay $1,000 based on a purchase price $100,000 after $100,000 we will pay $750 per $100,000.

Example: Based on purchase price of $100,000 we will pay you $1,000

and $200,000 we will pay you $1,750.

Most Real Estate Investors in NJ will pay $500 for a finder’s fee. Not Us, we understand that without your lead, we would have not known about the property.