Selling Sunset has got everyone across the globe eyeing up a career change to become a real-estate agent in Los Angeles.
Netflix’s property porn series boasts of big money listings and its stars have the potential to pocket a small fortune if they secure a sale on a multi-million dollar mansion.
But there’s one big question on all of our lips: How on earth does the commission work?
Luckily, Metro.co.uk caught up with Selling Sunset’s very own Maya Vander, who explained how much of the commission the real-estate agents could take home after bagging a sale.
‘Typically the commission on a purchase is 5%,’ Maya began.
‘The 5% is split into half for the person who represents the seller and the person who brings the buyer, so you end up with 2.5%.
‘If I bring the buyer, I get 2.5% of the purchase price, but then Jason will take his cut because he’s the broker and he has the liability.’
Maya continued: ‘Typically for a brokerage, it’s about 70/30 split. I would keep 70% out of the 2.5% and he would take 30%. And then we have to pay taxes.’
She laughed: ‘It’s not as big as you think!’
Although it might not seem a lot, the agent who sells a $70million (£53million) listing could take home a sweet $1.3million (£1million).
Not bad going, really.
Selling Sunset is available to stream on Netflix.
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