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  1. Redfin
    https://www.redfin.com › blog › how-do-real-estate-agents-get-paid

    How Do Real Estate Agents Get Paid?

    • Real estate agents are independent contractors who earn a commission based on a percentage of the home sale price. The commission is split between the seller's agent, the buyer's agent, and their broker… See more

    Who Pays The Real Estate Agent?

    Typically, the real estate agent is paid when the home purchase closes – when the money for the sale changes hands from buyer to seller. The commission payment is usually a c… See more

    Redfin
    How Does A Real Estate Agent Earn Their Commission?

    The job of a real estate agent is to help buyers and sellers navigate the complexities of a real estate transaction. They ensure all real estate transactions close with t… See more

    Redfin
    What Are Commission Splits?

    Real estate agents must be licensed through a sponsoring broker. Only the broker can receive commission payments. For most brokerages, this means the broker and real es… See more

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    How much do real estate agents make a year?
    With a 60/40 broker-agent split, the broker would get $7,532, and the agent would get paid $5,021. In a 70/30 split, the broker would earn $8,787, and the agent would earn $3,766. According to the U.S Bureau of Labor Statistics, the median annual pay for real estate agents was $54,300 in 2023. For brokers, the figure was $63,060.
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