what is the average salary for a real estate agent in kentucky\?

Answer 1

Real estate agents are generally paid on commission, with a portion of the total commission going to the agent.

But that really doesn't answer your question.

I haven't seen any figures for Kentucky, but the latest nationwide figures I read came out with median annual earnings of $35,670 (Department of Labor, 2004 figures.)

Most new agents can count on going for their first six months with little or no income, but considerable expenses. You're normally an "independent contractor" which means no minimum wage and no benefits, but a number of business expenses. If you do better than breaking even in your first year, you've done pretty well.

Not surprisingly, most new agents never make it through their first license period (2 years in most states).

Answer 2

Real Estate agents don't get salary. They are paid commissions on what they sell. They could make $200K in a year, or they could LOSE money after expenses.

Answer 3

to my knowledge most of them work on a commission. each salesperson negotiates the rate with the seller. then a percent of that goes back to their managing brokers office and sometimes there may be percents due to listing brokers. brokers make more money than the salesperson does and does less for it.

salespeople usually have to pay the broker for use of the office rent / advertising expenses / telephone use, etc. that expense is negotiable and can vary between salespeople / brokers even within the same office. you also pay a fee for the computer listing mls service .

good luck to you.

Answer 4

i used to be a Canadian actual sources Agent in British Columbia. many of the persons I worked with have been making between $fifty six,000 - $80,000 (cost based earnings). the actual 10% of realtors have been making over $a hundred,000 and into the thousands and thousands. there's no salaried "workers" in actual sources, you're a settlement worker, meaning that the workplace can take a workplace cost and licence "remarkable" cost off of you and that's it. there's no mounted cost the two. mounted cost are unlawful under the competition Act of Canada yet maximum realtors charge around 7% on the 1st $a hundred,000 (sale cost of the homestead) and 2 a million/2% on the rest. So in case you sell a house by way of a realtor, you are able to assume to, on an favourite sale cost of a house in Vancouver of $375,000, you are able to assume to pay in commissions, 13,875. Now would I remind you that maximum realtors finally end up in 50% chop up actual sources places of work so, in essence they make approximately $6,937.50 on an favourite homestead. maximum realtors favourite between 6-10 homestead sales an year (heavily, it extremely is the final favourite in aggressive industry which includes actual sources). it incredibly is the actual 10% of realtors that make the headlines and the main sales. Hate to declare it yet many of the realtors which you spot are the ten% by way of fact they're people who've the money to industry themselves. the the remainder of them could flow on pals and pals of pals. reliable luck on your course.

Answer 5

Salary ?

And all this time , I thought they worked on commission !

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