What is the fundamental basis of a real estate agent's earnings?
Answer
Commission-based
The career for the vast majority of licensed real estate professionals is overwhelmingly commission-based, meaning compensation is entirely contingent upon a successful closing.
Related Questions
What is the fundamental basis of a real estate agent's earnings?What is the typical range for the total commission rate negotiated on a property sale?How is the total commission traditionally divided immediately after a sale closes?What dictates the specific commission split an agent has with their brokerage?In a '100% commission' model, what must an agent typically pay the brokerage despite retaining 100% of the commission check?Which of the following is explicitly mentioned as a necessary operating expense borne by the agent?What factor contributes significantly to a cash flow crunch for new agents?What is the common financial recommendation for agents transitioning to commission-only work?Approximately how long is the waiting period mentioned between securing a contract and receiving closing funds?What shift in focus often separates consistently profitable agents from struggling ones?