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Agents are getting roughly 3% of the sales price.

In the US, agents get roughly 6% of the sales price. The sellers's agent gets 3%, and the buyer's agent gets 3%.

In the UK, agents get roughly 1.6% of the sales price. The seller's agent gets 1%-2.5%, and there is no buyer's agent. There are other costs (survey and lawyer fees) but these are not large either, and aren't related to the price of the property.



Regarding the US, I think the typical deal is that the seller's agent and broker each get 1.5%, and the same for the buyer's agent. Some agents are their own brokers, but I believe that's rare.


This split is about how the realtor splits their commission with their employer and/or the umbrella company which provides marketing, access to MLS etc., right?


Yes. The broker is the one who is "really" doing the transaction. A broker can handle a deal on their own; an agent must use a broker as well. Wikipedia's not-entirely-clear description is here: http://en.wikipedia.org/wiki/Real_estate_broker#The_differen...




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