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I’m guessing it’s somewhere around 10 hours, but I might be wrong. The issue I’m dealing with is if a house sells for $1M (pretty low here in Marin County), and the commission for the agent is 3%, then it seems the agent is making $3,000 an hour.

We all know real estate agents are horrible for a number of reasons, but I’d like some more firm clarity on this on aspect of their evil. So if I’m incorrect about the number of hours an agent spends on selling a house, please let me know.

I’m guessing it’s somewhere around 10 hours, but I might be wrong. The issue I’m dealing with is if a house sells for $1M (pretty low here in Marin County), and the commission for the agent is 3%, then it seems the agent is making $3,000 an hour. We all know real estate agents are horrible for a number of reasons, but I’d like some more firm clarity on this on aspect of their evil. So if I’m incorrect about the number of hours an agent spends on selling a house, please let me know.
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[–] • 0 pt

No. The $30,000 is just for one side of the deal. Usually the total commission on a deal is 6%, split between the selling and buying agents. Keep in mind that a house selling for $1M is low for the area in which I live. So $30,000 to a selling agent is totally common, if not low. And while I know what the agents do, I'm trying to quantify just how many hours an agent spends actually working on selling a property? Sure it varies. But there must be a normal range. And I'm guessing it's not very much time.

[–] • 0 pt

usually the total commission on a deal is 6%

Homes are virtually all 4% combined commission in my state. Land sales can be 6% or higher.

6% for homes sounds really excessive especially in a sellers market.

[–] • 1 pt

Yeah, it's stupid out here. 6% is the normal rate for the combined commission. I think it's way WAY too much.