A real estate agent makes money mostly through commissions. These commissions are for the services provided by the real estate agent that has made the property to be bought or sold. The commission is a small fraction of the price of the property that has been sold. This commission is done in accordance with the license that is given by the government. The money is also earned through the sharing commissions. The commission is shared among Listing agent, Listing broker, Buyer’s agent, and Buyers’ agent’s broker. There are also some forms that are paid to the agent by the buyer for the service that the agent provides.
Real estate agents primary source of income is through commissions that they are paid for the service that they provide. The commission provided is often a small fraction of the property that has been sold and bought. Real estate agents in your area are licensed by the government and all the transaction of any money is done under the government’s rule and regulations. The commission is shared among the different agents and is included in the price of the property. The agents earning depends on the number of properties that he helps to be sold. If he sells more properties he can earn more and vice versa.
Real estate agents earn mostly through commissions. The money is given to them as per the number of properties that they sell from seller to the buyer. The commission is shared in between agents from the both sides and is a small fraction of the price of the property that is being sold. Agents are licensed professionals and the money transfer is done in accordance with the government’s rule and relation. The earning of an agent depends on the number of properties that he sells. This is the reason why there is a vast difference in the earning of different agents as some of them make a huge money while others are not able to do so.