How much do real estate agents make?
The amount that real estate agents make can vary widely depending on factors. They include their location, experience, and sales volume. According to the National Association of Realtors, the median gross income of Realtors in the United States was $50,800 in 2020. However, many agents earn significantly more or less than this amount. Some top-performing agents can make well into the six figures. Others may earn only a small amount or even operate at a loss. It’s also worth noting that Real estate agents are commission-based. They receive a percentage of the sale price of the properties they sell, this means their earnings fluctuate with the market and depends on the sale. Also, many real estate agent are independent contractors so they are not provided any benefits from their employer as well.
How do real estate agents earn money?
Real estate agents typically earn money through commissions on the sales of properties. A commission is a percentage of the final sale price of a property. It is often split between the agent representing the seller (known as the listing agent) and the agent representing the buyer (known as the buyer’s agent). The commission is usually negotiated at the beginning of the listing agreement between the seller and the listing agent. It is typically a percentage of the final sale price. In the United States, this percentage can vary widely but is typically between 5% and 6% of the sale price. For example, on a $500,000 sale, the commission could be $25,000.
READ MORE HERE
| Posted: at | |
TRENDING GISTS 
Come Out And Confess Why You Kill Mohbad - Ghanaian Prophet Who Prophesied Junior Pope’s Death Calls Sam Larry
My Mother, Enemy Of Progres!Man Reveals How His Mother Ended His Plans To Travel Out Of Nigeria
I'm Yet To Be Contacted By NFF – Peseiro Breaks Silence On Super Eagles' Return
UPDATE: Security Operatives Launch Manhunt For 109 Fleeing Inmates Of Suleja Prison
How Police Inspector Aliyu Taofeek Sent Patrick Chinemerem to His Early Grave in Lagos