The split between the agent and the broker varies, such as 50/50, 60/40, or 30/70.
Real estate agents only get paid when a seller transfers their property ownership to the buyer. Real estate professionals refer to this transaction as closing.
Real estate agents make money when a property sells. However, certain factors can help increase an agent’s income above the average salary.
1. Take Pre-Licensing Courses
2. Take Real Estate Salesperson Exam
3. Join a Brokerage
Like any sales job, being a successful real estate agent is all about time management and creating a process to generate more leads.
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