Are Real Estate Agents paid a salary if they work for a company, or is everything commission based?
New agents are almost never paid a salary to my knowledge. Experienced agents receive a greater percentage of the commission and can negotiate other benefits from their broker, such as advertising reimbursement, a good office, parking space, etc. The very top agents actually earn more than 100% of the commission after all the perks are considered. That’s because those agents bring in so much business, have so many signs, and contribute to the “power” of the office that the broker more than makes up for the difference.
Related Questions
- Another real estate company will cut their commission if I list my house exclusively with them. Why should I pay more to list my home MLS?
- Are Real Estate Agents paid a salary if they work for a company, or is everything commission based?
- How do real estate agents get paid? What is the offered rebate based on?
