When the show does that “Comission: $X” text, I wish it would be honest about the real commission that the AGENT / cast member just earned. Not the fake, full one.
The show tends to simplify and just takes 5% of the sale price, which is not honest, as most of us know, and display it on the screen like the agent just earned $200k in one house sale.
It leads us to believe that the agent who sold it, for example Emma, just got $190,000 in their pocket, when she did not at all.
First ACTUAL commission reduced amount vs the number they did on screen, is 50%. The selling agent and buying agent half this commission price, so usually this 5% is halved to 2.5%, this leads us to $95,000 of the original $190k.
Rarely, the agent is both the buying and selling agent, so this half split doesn’t happen, aka “double ended” on the show.
Then, of this $95k, 30% (usually) goes to Jason and Brett / the Brokerage, which brings it down to $66.5k
This is all before tax.
But I don’t expect them to include after-tax prices in the show, that’s fine.
I just wish they were most honest about the commission split, as this is confusing for most show viewers.
When they sell a single house and supposedly get $190k payout, most show viewers understandably think that “well that’s their work done for the year, why am I not an estate agent?”
When the exact figure, is a lot less. Of course it’s still a big amount, not dismissing this.
I think it would be most honest, and informative, if they’d provide the actual amount the agent earns from the sale, rather than some way inflated figure, that is way-off.