Real estate & rental
Real Estate Agent Income Calculator
What an agent actually takes home after the split, the brokerage fees and self-employment costs.
Result
Not tax advice. Agents are usually self-employed, so both halves of employment tax fall on them, quarterly estimated payments are required, and there is no withholding. Health insurance, retirement and time between closings are all paid from this figure.
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About this calculator
Why is take home so much lower than gross?
Four deductions in sequence: the brokerage split, monthly fees, business expenses and self-employment tax. Together they routinely take more than half.
What should I set aside for tax?
Many agents use 25% to 30%, but it depends entirely on total income, deductions and state. Set it aside in a separate account and confirm the figure with an accountant.
The formula
take home = (gross commission x split - fees - expenses) x (1 - tax set aside)
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