They're not actually getting $42K out of that transaction as someone pointed out in another comment.
30% goes to the brokerage, 20% goes to taxes. Add NAR fees and team split, and the real estate agent is getting maybe 25-30% of the commission. So at the end of the day they are pocketing ~13K (versus 42K).
It is fair to ask whether the brokerage deserves their 30% cut.
30% goes to the brokerage, 20% goes to taxes. Add NAR fees and team split, and the real estate agent is getting maybe 25-30% of the commission. So at the end of the day they are pocketing ~13K (versus 42K).
It is fair to ask whether the brokerage deserves their 30% cut.