How much commission do loan officers make on a $500,000 loan?
Real estate commission earnings on the sale of a $300,000 home depend on the total commission percentage agreed upon in the listing contract, which typically ranges from 5 percent to 6 percent of the final purchase price. A standard 6 percent commission on a $300,000 property totals $18,000, which is then split evenly between the listing brokerage and the buyer's brokerage, resulting in $9,000 for each side. If you are the individual real estate agent handling the transaction, you do not keep the entire brokerage cut; your broker takes a pre-arranged split—such as 70 percent to the agent and 30 percent to the firm—meaning your personal take-home commission would be roughly $6,300 out of that half split.
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