A lot of people would assume that real estate agents would have a lot of money because of the commissions that they get for every sale. However, it is important to know that real estate agents tend to earn differently from one another. This is because there is no one same real estate agent, they all come from different backgrounds, thus they have different capabilities and expertise.
There are people who get into real estate because of money, while some always wanted it to be their job and then there are also others who are genuinely interested in properties. If you plan on being a real estate agent, it gives you a chance to be your own boss and be free with how you can handle your job.
Knowing How Much a Real Estate Agent Ear
When it comes to top real estate agents, you can already assume that they ear a lot. This is because they are on top of the list and they have good records for selling or buying houses and properties. However, when you are looking at standard real estate agent earnings, it will highly depend on how long they have been exposed to the job.
Usually, real estate agents that have worked only for a year would earn very little. This is because of how they ate struggling to learn how the market works and they are still building up their client base. Give it a few years and they will start earning as regular real estate agents do.
Average Rate Of Real Estate Agent Earnings
According to research, real estate agents earn $46,931 on average. The top real estate agents on the list will earn more than this and newbies will be earning lesser than this especially in the first few years. It all depends on the skill of the real estate agent and how many clients he or she can handle every year.
When it comes to the commissions that they take, this is usually split with the sponsoring broker. Starting a real estate agent should expect lower pay but this doesn’t mean they should give up. The longer one is in the business, the better he or she knows and this is where you can build your networks and also your clients.