For Sale by Owner Center > Tools > Real Estate Agent Hourly Rate Calculator
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Real Estate Agents Hourly Rate Calculator
Calculate Your Listing Real Estate Agents' Commission into an Hourly Rate.
Use this calculator to estimate your real estate agent's hourly rate for the services
of selling your home. Once you can quantify your agent's hourly rate, you can
hold them more accountable during the home selling process.
We have also provided a "Bonus Calculation" with results used to generate a proven script of what to say
to negotiate a discounted real estate commission, saving you
thousands of dollars in fees.
For your convenience, we have entered estimates of the time real estate agents spend
performing common tasks to sell your property. Adjust any of the figures as needed based on your real estate agents performance promises or download the real
estate agent interview form below and have them complete it before signing your real estate
listing agreement.
Step 1: Enter Your Sale Price and Real Estate Commission Percentage.
Step 2: Scroll down to review each task, average hours
and costs, making changes
as needed.
Step 3: Click "Calculate" to view results real estate commission results.
Bonus: Calculate a discounted real estate commission and use a proven
script saving you thousands in commissions.
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Step 1: Enter Your Property Transaction Details |
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Sales Price / Home Value |
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Real Estate Commission |
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Step 2: Steps Performed by Your Real Estate Agent |
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A) Preparing Your Home For Sale |
Estimate Time
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Estimated Costs |
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Research Property Pricing Data and Determining Asking Price |
Hour(s) |
$
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Appointment / Preparation of Real Estate Listing Agreement |
Hour(s) |
$
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Entry of Property into Local MLS (Realtor.com usually updated automatically) |
Hour(s) |
$
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Take Photos of Property for MLS listing |
Hour(s) |
$
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Lock Box Installation |
Hour(s) |
$
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Home Staging
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Hour(s) |
$
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B) Marketing Your Property |
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Advertising (Newspapers, Magazines, Etc) |
Hour(s) |
$
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Yard Sign Installation |
Hour(s) |
$
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Property
Flyers |
Hour(s) |
$
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Co-broker Marketing / Broker Open House |
Hour(s) |
$
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Open House Yard Sign Installation |
Hour(s) |
$
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Internet Advertsing |
Hour(s) |
$
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Virtual Tour |
Hour(s) |
$
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Answering Phone Call Inquiries |
Hour(s) |
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Answering Email Inquiries
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Hour(s)
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Public Open Houses (If performed by other agent or assitant do not add) |
Hour(s) |
$
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Showing / Viewing Appointments |
Hour(s) |
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Just Listed Postcards / Letters to Neighborhood |
Hour(s) |
$
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C) Negotiation |
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Negotiating / Preparing Purchase Offer and Counter Offers |
Hour(s) |
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Opening Escrow and Title |
Hour(s) |
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Preparing Selling Disclosures |
Hour(s) |
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Pre-qualification of Buyers with Mortgage Lender |
Hour(s) |
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D) Escrow Management |
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Deposit of Initial Down Payment
|
Hour(s) |
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Removing Escrow Contingencies and Follow Up |
Hour(s) |
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Property Inpections |
Hour(s) |
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Termite Inspections |
Hour(s) |
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Follow Up Calls to Buyers Agent, Lender, Escrow, Title, Etc. |
Hour(s) |
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Buyers
Walk-Through Inspection |
Hour(s) |
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Final Termite, Inspection, Walk-Through Repair Coordination |
Hour(s) |
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Follow up on signatures from buyer, seller, agents on all documents |
Hour(s) |
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Misc. Padding for Hours and Cost(s) / Credit(s) |
Hour(s) |
$
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D) Post Close of Escrow |
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Delivery of Keys / Final Closing Statements / Checks to Principals of Transaction |
Hour(s) |
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D) Select Real Estate Agent Split |
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Select your real estate agent split based on your transaction |
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Step 3: Your Real Estate Agent's Hourly Rate Report |
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Total of Real Estate Commissions |
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Your Real Estate Agents Total Gross Commission* |
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Total Out-Of-Pocket Costs |
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Total Number of Hours Agent Acutally Worked on The Sale of Your Home |
Hours ? |
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Your Real Estate Agents Gross Hourly Rate |
Per Hour ? |
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Your Real Estate Agents
Net Hourly Income After Out of Pocket Expenses |
Per Hour ? |
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Break-Down Summary of Real Estate Agent Provided Services |
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Your real estate agent will work a total of
Label
hours, spend approximately
Label
and make
Label
per hour based on earning
Label
of the total
Label
real estate commission your offering. Remember: Real estate commissions are negotiable
so be sure to hold your real estate agent accountable for services promised. |
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A)
Preparing Property for Sale
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Hour(s) at a total cost of
|
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B)
Marketing of Property |
Hour(s) at a total cost of
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C)
Negotiation of Property Purchase |
Hour(s) at a total cost of
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D)
Escrow / Transaction Management |
Hour(s) at a total cost of
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E)
Post Close |
Hour(s) at a total cost of
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Bonus Calculation: Savings of Negotiating a Discounted Commission? |
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Request a Discounted Real Estate Commission from You Real Estate Agents of: |
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Updated Total Real Estate Commission of
Label%
equals |
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A
Label% Discount in
Real Estate Commissions will Save You
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Your New "Per Hour" Cost of Using Your Real Estate Agent |
Per Hour |
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Real Estate Commission Negotiation Tip: Before signing a listing
agreement with a real estate agent, have them complete this (Agent Interview Form)
or simply ask them how much time they will invest in the process of selling your
home.
Input their responses into the above calculator and select a new discounted commission
to offer. Use results from this real estate commission calculator to negotiate a
commission by using a statement like:
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Q: "(Agent Name), Would you be willing to sell my home if I agreed
to pay you about
Label
per hour?"
Now wait for real estate agent's response. Under most circumstances the agent's
answer
will be "yes... of course" or something like that because most real estate
agents don't know their "hourly rate". If they answer yes, then use the following
statement.
A: "Great, based on the information you provided me on this agent
interview form, I have calculated that a total real estate commission of
Label% would give you an hourly rate of approximately
Label
assuming a successful sale using your estimate. Are you willing to list my home for
Label% total?
Again, simply wait for the real estate agents response. If they agree, then you
just made
Label
in about 15 minutes using ForSalebyOwnerCenter.com.
This simple step may save you thousands in real estate commissions. Remember that
real estate
comssions are negotiable by law.
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Real Estate Agent Commission Calculator Disclosure* - The
information provided on or through this site is for purposes of general consumer
education only and is not intended as a substitute for advice from a qualified professional,
such as, but not limited to, a lawyer, mortgage broker, accountant, investment advisor,
insurance broker, financial planner, real estate agent or home inspector. We can
not and do not guarantee the accuracy or the applicability of this information to
your circumstances. Use of this calculator, information herein and any tools from
forsalebyownercenter.com constitutes a "Hold Harmless Agreement".
Users agree to indemnify and hold harmless ForSalebyOwnerCenter.com from any and
all claims, actions and judgements.
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