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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. Copyright©2005 Real-Estate-Career-Info.com

Andre McFayden, Ph.D., is a Real Estate Broker and contributor to Real-Estate-Career-Info.com.