How Much Will I Earn?
 It's
on everybody's mind.
Real estate salespeople most often earn a commission for their
efforts. The commission usually represents a percentage of the price
at which clients bought or sold property. Commissions vary from broker to broker, and even among salespeople within the same broker's
office. Commissions are negotiable, and they may be subject to fees
or splits with others involved in the purchase or sale.
Earning a commission is vastly different from earning a paycheck.
On commission, the only time you are paid is when
property is sold and money changes hands (a process called
"closing the transaction", or just "a closing").
If no property is sold, and no money changes hands, no commission is
earned.
Working on commission has risks. On the other hand, your earning potential is UNLIMITED.
That's why the best salespeople in real estate boast of six-figure
incomes. If you want to make more
money you simply work smarter or more creatively, or
better manage your time, or gain more knowledge and acquire new
skills to help clients buy and sell more properties.
In real estate you’ll be paid
exactly what you’re worth. If you want an opportunity to prove you’re worth more than you
are currently being paid, a career in real estate supplies that
opportunity!
<- The Pros
And Cons | You're Ready For
Real Estate, If ->
|
