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Rainer
279,648
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

What is the average commission?

May 17, 2018 10:42 PM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Dipti nailed this one!

Jul 16, 2018 06:25 AM
Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

My average commission per transaction.

Jan 07, 2018 12:02 PM
Ambassador
5,410,460
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

We have a really cool GCI calculator on our site.

Oct 29, 2017 07:09 PM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Ginger, the average price (and commission) per listing.

Aug 13, 2017 08:48 PM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Take the average commission for listings in your area and divide that into your 100.000 (example: 10,000 commission into 100,000 would be 10 listings)

Then divide this by your sales ratio. (example: you sell 75% of your listings. 10 divided by .75 = 13.33.  So in this case you would need 14 listings to make your $100,000)

Jan 05, 2015 09:03 AM
Rainmaker
1,030,716
Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

You all are wonderful with your information.

I well work on the figures and make a plan.

Thanks,

 

Jan 05, 2015 07:24 AM
Rainmaker
6,608,798
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Your multiple listing service should have the statistics on the average sales prices in you community and that will provide the basis for your calculations. 

Jan 05, 2015 06:38 AM
Rainmaker
2,808,236
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Figure out if you have fixed expenses (e.g. realtor fees, desk fees, etc) and add those to 100,000.  That will = X

Then, if you know your avg gross profit per job, take the 100,000 + X, and divide it by avg profit/job.

The profit per job needs to factor out your cost per job (e.g. marketing).

Jan 04, 2015 08:29 PM
Rainer
80,093
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

average home price to typical comission split, then divide into 100k - and aim/round low. Then I will likely surpass my goals!

Jan 04, 2015 02:22 PM
Rainer
55,356
Tamara Liggins
Keller Williams Realty, Saint Louis Call Me today at 314.677.6104 - Florissant, MO
Bringing Buyers & Sellers to Homes!

I use a formula that I found online that takes the commission and divides it by the GCI, the outcome is based off the commission percentage though. If you do 3% that would be your basis. Take a look at your average list price to figure up your average commission. So for example average commission by transaction divided by $100,000 should give you a rough estimate. 

Jan 04, 2015 01:50 PM