How does a realtor get paid?

How does a realtor get paid?

John Caliendo (Realtor) gives expert video advice on: What is the difference between a "real estate agent" and a "real estate broker"?; Do I need a realtor in order to buy a house?; How does a realtor get paid? and more...

The realtors are paid from the seller. The seller agrees, early on when they'r listing their home, to part with a certain percentage of the home's value, the sale price. That is, in my state, anywhere from 5-6%, although it could vary around the country. That 5% or 6% is then divided up, usually 50-50, half going to the listing agent and the other half going to the selling agent. It is possible that that person can be the same person, but you dont' know that going in.