How Much Money Can Real Estate Agents Earn?
However, before you begin ordering business cards, you first need to consider a couple of factors.
If you’re considering starting a new career as a real estate agent, you’re probably wondering, “
How much do real estate agents make?
For instance, being a real estate agent is a commission-based job, which means there is potential to make
On the other hand, your success is a function of your efforts.
This article will explain how much real agents make and what other factors to consider.
I’ll also cover the steps needed to become a real estate agent.
How Do Real Estate Agents Get Paid?
Real estate agents don’t receive a base salary. Instead, real estate agents earn money when they sell a real estate property, such as a house, and receive a commission for it.
The commission is a percentage of the property’s purchase price, which the seller pays for.
Thus, the buyer isn’t responsible for paying either the buyer’s agent or the seller’s agent.
When Do Real Estate Agents Get Paid?
Real estate agents
get paid when a seller transfers their property ownership to the buyer. Real estate professionals refer to this transaction as
Therefore, if the buyer and seller’s purchase agreement contained a contingency, such as a failed home inspection,
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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