The real estate agent commission is a percentage cut of the final property sale. Agents earn a small portion of the money from a real estate transaction for their services, which is paid out when escrow closes. That being said, their commission is determined by several factors—not just the final home sale price.
In this video, Robert Rico discusses how the real estate agent commission works, the factors that determine an agent's salary, and where the money goes.
When Robert Rico and his wife, Carolee Rico, first partnered in their careers, they were earning about $15,000 a year. Over time, they grew their combined real estate agent salary by setting higher goals than the year prior. By doing so, they created a step ladder of accomplishments that helped them develop a successful career.
The best thing about a real estate agent commission is that there is no limit to how much an agent can make. Your salary is determined by the number of houses you sell as an agent. The typical salary for first-year agents is between $45,000 to $90,000. That wide range exists because the amount of money a real estate agent earns is up to them. They choose how much time and energy they put into finding clients and closing transactions.
Some people want to earn a real estate agent commission as extra income. Since you can choose how much you work as an agent, this career becomes an ideal side job for people seeking extra income. For those who enjoy the hustle, a part-time real estate agent is a great career choice. You can commit to the career as much as you want and work with clients when you feel like it. Then, when you strike a deal, you'll earn a healthy commission for your work.
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How a real estate license can change your life: https://www.youtube.com/watch?v=ID87j...
How to become a part-time real estate agent: https://www.carealtytraining.com/side...
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Ep. 120: How a Real Estate Agent Commission Works becoming a real estate agent in florida | |
| 64 Likes | 64 Dislikes |
| 1,322 views views | 7.52K followers |
| Education | Upload TimePublished on 27 Mar 2019 |
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