How much do real estate agents earn in Australia?

Описание: Entry Education RTO No: 41529

How much do real estate agents earn in Australia?
Have you been planning to enter the real estate industry in Australia but confused on the earning potential? We’ve got you covered!Today in this video, we are going to answer the most asked questions like, “what commission do real estate agents make in Australia?” and “how much do real estate agents earn Australia-wide?”. So sit back and relax as we dive into the details of “how much do real estate agents make?”As a real estate agent, your earning potential depends upon several factors. The most important factor is your experience in the industry, which can help you to generate more revenue for yourself.Another important factor is what firm you work for. Some firms offer higher base salaries and commission rates than others do which can add up to additional $80 thousand to your base salary in a year.So it's important to find out which firms pay the best before accepting a job offer from one of them.The third factor is what area you operate in; some areas are more lucrative than others. If you're selling residential properties, it's best to sell them in an area that has a lot of demand and high prices—this will allow you to earn more money in commissions or bonuses. If instead you're selling commercial properties, it's best to sell them in an area with lots of businesses because these tend not only attract more customers but also pay higher rents than residential areas do which means higher commissions.But there is one more thing to remember about these commission rates that they are not set and they vary from suburb to suburbs, state to state and region to region. Typically, in metropolitan areas, the commission will be lower as there are far more properties on the market in major cities and competition between agents is far lower in regional areas.For example: Hobart has the highest commission rate in Australia at 2.70%, compared to 1.86% in Sydney, the lowest in Australia. But that doesn’t mean you’ll necessarily earn more as a real estate agent in Hobart. To put those figures in perspective, the population of Hobart is just under 250 000 people, whereas Sydney’s population is 5 million people. House prices are also higher in Sydney, so for example, 1.86% of a million-dollar sale in Sydney is still more than 2.70% of a $500 thousand dollar sale in Hobart.Another point to consider when thinking about, “what commission do real estate agents make?” is the fact that commission rates are actually negotiable. It’s not unusual for agents to negotiate their fee structure, and this can be done in two ways. Either the vendor and the agent agree on a fixed fee, no matter what the property sells for, or they agree on a tiered percentage rate.To summarise, how much do real estate agents make? It all depends on the market they're in, the current state of the market, and how well they've negotiated the terms of sale with the vendor.So, if you're ready to start making big bucks, enrol today in our real estate courses at: entryeducation.edu.au.

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