How Much Do Real Estate Agents Make?
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you’re probably wondering, “
How much do real estate agents make?
”
If you’re considering starting a new career as a real estate agent,
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However, before you begin ordering business cards, you first need to consider a couple of factors.
This article will explain how much real agents make and what other factors to consider.
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How Do Real Estate Agents Get Paid?
Real estate agents earn money when they sell a real estate property, such as a house, and receive a commission for it.
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On average, a real estate agent commission is
five to six percent
of the purchase price.
However, some agents are willing to negotiate with clients and offer a discount.
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Real estate agents
only
get paid when a seller transfers their property ownership to the buyer.
When Do Real Estate Agents Get Paid?
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If the buyer and seller’s purchase agreement contained a contingency,
the buyer has the right to walk away from the deal. In this case, the real estate agent will not get paid for their efforts.
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Another example that can prevent closing on a property is when a lender does not approve a buyer for financing.
Lenders won’t finance a property if the purchase price exceeds the appraiser’s valuation.
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