Does a real estate agent make a profit when you buy a home or when you sell a home?
- curtisports2Lv 73 months agoFavourite answer
Real estate agents earn commissions on sales they make. Profit or loss is calculated at tax time the following year, gross commissions earned minus all allowable expenses of conducting their business.
- MamawidsomLv 73 months ago
Both. If both the buying and selling parties use real estate agents, both agents will get a percentage of the sale price as their commission. The seller then gets the rest.
- babyboomer1001Lv 73 months ago
It could be both.
- Anonymous3 months ago
They always make a profit. It's a sweet deal they have.
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- SlumlordLv 73 months ago
They get a commission of about 3% of the sales price on either a purchase or sale, where they represent the party.
- DEBSLv 73 months ago
A transaction typically has an agent representing the buyer and a separate agent representing the seller. Both get paid by the seller when the deal closes.
- JudyLv 73 months ago
- PearlLv 73 months ago
it might be both
- pearlmarLv 73 months ago
Yes. Usually 6% of the selling price.Source(s): RE Broker
- 3 months ago
Both. Some agents specialize in getting listings and they make a commission. Some have buyers who buy, and they make a commission.