Do Realtor really get paid by commission?
My name is Yamelyn I'm 17 years old I'm currently attending Job Corps in El Paso, Texas and will soon be attending an Office Administration class. I took a business class at the last school I was attending and learned much useful information but I would like to know what else would be necessary such as skills or education to become a successful realtor. #business
3 answers
Andrew’s Answer
Hi Yamelyn-
My wife recently became a licensed real estate agent and loves the work! In terms of your question, yes, you get paid a commission from the purchase or lease of the home that you are getting on your client's behalf. Typically this is around 5.5% of the total purchase price of the home. Regarding skills, I'd say the biggest one is to be open-minded, a go-getter, and someone who has great patience. There are times where someone might takes weeks or months (or longer) to find a home, which can be frustrating for you because ultimately you want to earn a paycheck, but at the end of the day you are helping someone make an important life decision. Your role is to help them along the way, provide advice, and help them make the best decision. Hope this helps!