A Guide to Becoming A Successful Real Estate Agent
Before you begin ordering business cards, you first need to consider a couple of factors. For instance, being a real estate agent is a commission-based job, which means there is potential to make
On the other hand, your success is a function of your efforts. In other words, you can’t show up and expect to get paid for doing nothing.
How Do Real Estate Agents Get Paid?
Real estate agents don’t receive a base salary. Instead, real estate agents earn money when they sell a real estate property, such as a house, and receive a commission for it.
The commission is a percentage of the property’s purchase price, which the seller pays for. Thus, the buyer isn’t responsible for paying either the buyer’s agent or the seller’s agent.
Real estate agents make money when a property sells. However, certain factors can help increase an agent’s income above the average salary.
Although a 6% commission rate is the average, some real estate agents charge a higher commission on the listing agreement due to their experience.
Real estate agents can make a lot more money selling commercial real estate than residential real estate, mainly because commercial properties have a significantly greater purchase price.
for more finance, business, and real estate advice
How To Make Money Online For Beginners
How to Make Money With a Blog (Top 3 Strategies!)