What is the genral salary for a realestate agent including commision? Let me know what state you work in.?
Also how many hours do you work each week.
Generally there is no salary for a real estate agent. Their income is based solely on commission.
A good agent works a minimum of 40 hours a week, but usually many more than that when business is good. You need to be available whenever your clients want you.
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January 28th, 2010 at 7:48 am
I believe of the 1,925,000+ RE agents in the US, fewer than
500 have any salary at all.
[what is the incentive to the broker to pay a salary?]
References :
RE broker
January 28th, 2010 at 8:16 am
Generally there is no salary for a real estate agent. Their income is based solely on commission.
A good agent works a minimum of 40 hours a week, but usually many more than that when business is good. You need to be available whenever your clients want you.
References :
January 28th, 2010 at 9:04 am
real estate is mostly a commission only business. you also have to work your @ss off schlepping clients all over town, only to have them tell you 2 months in that they want to wait a while to buy a home. meanwhile, you get nothing. that is why when i was a loan officer, they told me that 60 percent of new real estate agents quit in the first year.
that is why some brokers are willing to give you more time to start selling…as they aren’t paying you anything anyways. others on the other hand…if you aren’t selling within two months, you are out the door.
References :