get? Do you get good commission and a basic sallary?
2006-12-18 07:37:09 · 6 answers · asked by scouting 1 in Business & Finance ➔ Renting & Real Estate
What kind of commission? (EX: 10perc. of the sale amount and the co' gets the 80perc?)
2006-12-18 07:41:45 · update #1
Yeah! It really depends on the area you live in, in my area it is 6% comission charged to the seller. That 6% is then split between the listing company (the company that markets the property) and the selling company (that leaves 3% if you make the sale or have the listing, or 6% if you put the house in the market and you also sold it) Your comission (say, 3%) is then split between you and your company, and this is what varies greatly, your company may put you on a 50-50, 60-40, 70-30 split, etc. But it will depend entirely on what company you work for. As far as comission-salary, well, 100%comission and not salary, and on top of that, there are the unending dues (may be between 50 and 100 plus dollars a month) whether you sell (make money) or not.
2006-12-18 07:55:52 · answer #1 · answered by skydiver 3 · 0⤊ 0⤋
Just a commission at most places. Some firms do salary. Others may do both. Just depends. The firm usually gets a percentage of the sale, and then of that percentage comes the commission for the agent.
2006-12-18 15:41:59 · answer #2 · answered by 2ndammendmentsupporter 3 · 0⤊ 0⤋
Real estate agents get 100% commission. There is no salary so if you are thinking of getting into real estate make sure you have at least 6 months of savings put away to cover your first few months. If you work for a developer selling pre-construction condos you may get a salary and bonuses.
2006-12-18 15:41:41 · answer #3 · answered by westcoastpup 2 · 0⤊ 1⤋
100% commission
2006-12-18 16:00:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Most are commission only. You need to check with your local real estate companies for more information.
2006-12-18 15:40:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I've been doing this for fourteen years, and I have yet to meet a Realtor that gets paid anything but commission.
2006-12-18 15:42:45 · answer #6 · answered by teran_realtor 7 · 0⤊ 0⤋