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Updated over 4 years ago,
Why do some realititors use sales volume?
Why do some realititors use sales volume?
Example one that I know said they sold 10 million in volume for the year. With the average house being 250k I’m assuming it would go like this:
10,000,000$/250000$= 40 homes as either the buyers or sellers agent in the transactions.
40 homes/12(months in a year)=3 houses monthly.
Commission can be dropped as low as 5% under the law meaning the buyers agent and sellers agent would get 2.5% on the sales and that’s not even factoring in paying out the broker who manages them. My friends dad and his business partner both manage to make over 300k annually but they are commercial brokers and not Realitors which makes a lot of since because commercial real estate can go for millions for the businesses that buy them.
Did I do the math right right? If that’s the case I’m going to get my license.