Your agent had to take a 90-hour course and pay $250-$400 for it. Yes, she had finals and had to have a passing grade. Then she had to study a thick and boring book of federal laws and real estate terminology, which took about a week. Then she had to study local state rules and laws that took another week. Then she had to take a very hard 3-hr Real Estate Exam and pay $138 to take that exam. Then if she passed it, she has to get fingerprinted and pay $35 for that. Then pay the license fee $146. This license has to be renewed every two years. For the first renewal the agent has to take another 90 - hour class and not only pay for it, but pass the finals. To renew the license the agent pays $146 to renew the license.
Your agent doesn't get half of the total selling commission (3% to 3.5%). She splits it with her broker, which makes her personal share only about 1.5% to 2%. She pays all her own expenses, such as gas, paper, copying, printer ink, etc.
Your agent doesn't get half of the total selling commission (3% to 3.5%). She splits it with her broker, which makes her personal share only about 1.5% to 2%. She pays all her own expenses, such as gas, paper, copying, printer ink, etc.
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