How is a REALTOR® Paid

Typically, a realtor commission paid by the seller. In Broward county the seller can expect to pay a commission of 6% along with a transaction fee of $395. The commission fee, once collected is divided between both the listing brokerage and the selling brokerage. An example of this is illustrated below by using a home which sold for $100,000.

Example Commissions

Sale Price: $100,000
Commission (paid by seller) x 6% equals
$6000

Then…
The Listing Brokerage who did all the marketing of your home splits the commission with the Selling Brokerage who brought the buyer into your home.

Listing BrokerageSelling Brokerage
$3000$3000

Then….
The commission gets further split with the Broker/Owner of the company. Oftentimes the Realtor has a 50/50 or 50/60 split with their Broker/Owner.

Listing RealtorSelling Realtor
$1500/$1800$1500/$1800

From this fee all of the costs incurred by the Realtor for advertising, marketing, signage, photography, transportation, licensing and education are further deducted. This is an example and all fees are negotiated and can vary from transaction to transaction.

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