I live in a mid size town and they dress well,have nice homes and drive nice cars.How are they paid.And how much our their fees to the company they work for.
2006-07-09 05:15:56 · 32 answers · asked by Elizabeth 6 in Business & Finance ➔ Renting & Real Estate
i work for a major agency. We get 2.5 % on a sale and split it with the agency. So a 300,000 sale will get me 1.25% or $3750. If you have a brokers licence you can open your own buss. and keep the 2.5% but you then have all your own expenses. Some places charge you a desk fee and you keep the commision. Some agents discount.
Some agents do great, some like me just limp along. It's a low initial cost occupation. If you know a lot of people from an organization you belong to, you might have a chance.
2006-07-09 05:23:40 · answer #1 · answered by zocko 5 · 0⤊ 2⤋
Usually a real estate agent in a good firm makes 6-10% of the sale price of a home. They dress nice and have nice cars not only because they are well-paid but because they need to cultivate the image that they are a businessperson.
2006-07-09 05:19:33 · answer #2 · answered by teena9 6 · 0⤊ 0⤋
No= They Only Get Half The Take Of What The House Sells For.
2006-07-09 05:21:02 · answer #3 · answered by mks 7-15-02 6 · 0⤊ 0⤋
The rule of thumb is.. 10% of the agents make 90% of the commissions.
I've found in any sales job the amount of success is directly affected by the size of the salesperson's family. If you've got a big family, you'll get more leads. (Family members usually make great "birddogs").
In addition, they'll buy from a cousin, nephew etc. before they'll buy from a stranger.
So if you've got a big family, go for it. If your family is small or disfunctional head on down to Mac Donald's, they pay their managers pretty well.
2006-07-09 05:20:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Well I think that they are overpaid for what they do, example: a house sells for $500K the commission is 6% = $30K and it breaks down like this, the listing agent gets 2.5% or $12,500 the buyers agent gets 2.5% or $12,500 and the broker gets 1% = $5,000 so you tell me do you think that they deserve to get that much money from your investment that you have been making the payment on. My agent on my last sale received this commission for printing flyers (about $50) and processing the standard forms needed for the sale. OVERPAID and cutthroat as lawyers.
2006-07-09 05:26:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I used to work in real estate as a secretary for 22 agents, yes they make very godo money, but every single one of them was divorced or never married and were bad parents... you can make a lot of money if you give up on the idea of having a family or close personal relationship.
2006-07-09 05:18:58 · answer #6 · answered by ebaz1358 5 · 0⤊ 0⤋
They get like 3% of every house they sell say the sell 2, 200,000 dollar houses a month that 12 grand a month and 144 grand a year
2006-07-09 05:17:52 · answer #7 · answered by city 3 · 0⤊ 0⤋
All depends on who you work for..My son's at it now 6 years and is in the 5 figure range.. thats 100 k+ Yes , they do but starting out is rough. sone co only let you into rental to start then you work your way up to the big bucks..Hope thar answeered your question LOL ROB
2006-07-09 05:22:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋
huhwhereiami - I want to sell YOUR house and Ill do it for only 15%!
"Its commission that they get. So that has to be a lot where homes are so expensive. They get 20 percent of the purchase price. "
2006-07-09 06:33:58 · answer #9 · answered by Paul D 2 · 0⤊ 0⤋
They do if they sell houses.
Typically they walk off with 2 to 3% or the asking price.
2006-07-09 05:17:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋