With popular reality shows, like Bravo TV’s Millionaire Listing, glamorizing the big commission checks that top realtors receive, some home sellers have become even more disillusioned about the 6% fee they have to pay to sell their homes. But according to RIS Media, the average realtor in America only takes home about $38,000. In a recent video news update, the media outlet breaks down the commission fee to show what portion real estate agents actually take home after commission splits with their brokerage house and the buyer’s real estate agent, marketing efforts to sell the property, industry dues, income taxes and more.
Watch the video for full details.