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c) How much can a real estate agent earn? Real estate agents more often than not are paid on commission. This commission is a percent of selling price of property. The seller will generally pay 4-6% of sales price as fee for having an agent handle complex job of selling their property. The funds will often be split equally between seller's broker and broker who finds buyer.
As an example, if fee for a $300,000 property is 6%, buyer's broker will be paid 3% or $9000 and seller's broker will also be paid 3% or $9000. The agent is paid by his or her broker, using their agreed-upon commission split. This is often 50-50 for new agents, so in that case agent in our example would be paid $4500.
So to answer question, amount that a real estate agent can earn is only limited by number of transactions that he or she can close.
Visit Real-Estate-Career-Info.com for requirements for obtaining a real estate license in your state.
This article may be reprinted if proper credit is given and all links left intact. Copyrightę2005 Real-Estate-Career-Info.com
Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com.