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What is the average commission percentage for a real estate broker?

A:

Quick Answer

The average commission percentage for a real estate broker is about 6 percent as of 2016. Real estate brokers get paid on commission, meaning that they are only paid when the home sells. The commission is usually split between the sales agent and buyer agent.

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Full Answer

Around 70 to 80 percent of homeowners use a real estate agent. Real estate brokers have an average salary between $56,000 and $84,000 depending on the broker's experience level. Brokers in New York make the most money, earning an average of $137,480. Real estate brokers are different from real estate salespeople because they need additional hours of training and coursework

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