Commissions are what real estate agents live for. This is the only way in which they can supplement their basic income which is usually quite low. So, if you’re looking to earn some top-end commissions, here are a few tips you can follow:
- Choose the right area to work. You will get higher commissions in an area where properties are sold for higher prices. That is just simple logic.
- The average commission an agent can hope for, is between 3 to 6%. A good agent can perhaps even get a little more. But, the important thing to remember is that 6% should be the average.
- Don’t expect to get the money without doing the work. Most people are under the impression that real estate agents hardly do anything, so don’t give them a reason to question you.
- Lastly, always make sure you get the right valuations for a property. Never try inflating the value of a property just so that you can get a higher commission. This is not going to be very helpful for you in the long run. Especially since one negative review can tarnish your reputation greatly.