Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

how are real estate agents paid?

Do real estate agents get paid a base salary on top of commission of is it just commission only?

7 Answers

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  • 1 decade ago
    Favorite Answer

    Generally speaking, agents get paid on commission. The person saying 6% is only partially right when it comes to commission. Sure, the agreement for selling your home may be 6$ but generally that is split between a buyers and sellers agent, so let's say the agent gets 3% of that. Then, they have to pay a set percentage or amount to the broker that holds their license and sometimes even their company in general. So rarely does a real estate agent get the full 6% even if they act as both buyers and sellers agent, because they still have to pay the broker.

    In some cases, they can be paid in a different fashion. Everything from salaried to part salary/part commission. However, it seems as if this is less common.

    Source(s): Active real estate agent
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  • 4 years ago

    It is far more common, however, for agents to be paid a percentage of the commission. Most real estate agents make money through commissions paid directly to brokers when transactions are settled. A single commission is often split multiple ways among the listing agent and broker, and the buyer's agent and broker

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  • 1 decade ago

    a real estate agents get [aid based on commission. those who gets salary and commission are sometimes offerred in the market, however, the comm are usually much lower.

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  • Anonymous
    1 decade ago

    Depends upon the agency. There is every method that you can imagine from a straight salary to pure commission based sales people.

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  • godged
    Lv 7
    1 decade ago

    Commission only. The commission you receive is negotiated between you and your principal broker. Then you have to split this between you and your office.

    Source(s): Oregon Realtor
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  • Sufi
    Lv 7
    1 decade ago

    from my experience it is commission only because real estate agencies have no other income. how could they have other money?

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  • 1 decade ago

    They get about 6% of your house, so about a closet or a bathroom. Hope you don't mind roommates.

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