earning of a property agent

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anyone know around how much can a property agent earn? is there any basic pay? and how much can they earn from their company after each sale of house? wish to gain more info about these. thank you..

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Posted · Report post

For a start, I believe, nowadays, you need to sit for a simple exam and some course before you can be a registered real estate agent. I use the word registered cos there are many aunties and uncles who are unregistered real estate agents but are quite successful cos of their close contacts.

A real estate agent earnings ranges from "Zero" to "A Lot", it really depends on your contacts. At about 2% of the Property Price and assuming that the Agent shares 50:50 with the Company (top Agents share higher) and assuming the average price of properties is about RM300K, every transaction per week will earn you about RM3K, 4 weeks is about RM12K.

Also, you earn 1 month rental as commission for rental properties and assuming you can rent out an Apartment every 1-week at RM1K (and assuming 50:50 sharing), you earn about RM2K a month.

So, at just 1 sale and 1 rental per week, your income can be as high as RM14K, very impressive. If you are totally on your own, you can earn almost twice as much as you don't need to share the commission but some companies do give leads to theirt agents and these leads generate more leads.

However, you are considered to be an entrepreneur and if you make no sale, it means no income. I am not sure whether you are paid a basic, I doubt so cos if you are paid a basic, your profit sharing will may be lower and if you fail to make the quota, its bye-bye.

There is a risk associated with being a real-estate agent, especially if you are a woman is that some customers call you late at night or to an unfamiliar area / quiet area, don't go alone, its even risk for a man, cos you can get robbed, or worse.

In a way, real estate agent is very much like financial planning, the sky is the limit but most don't make it to the top, only the very good and lucky ones do, but the rewards are high.

For more info, check out:

http://www.miea.com.my/crenlist

http://www.propertyinvestment2u.com/how-to...l-estate-agent/

http://www.lppeh.gov.my/faq.html

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Posted · Report post

For a start, I believe, nowadays, you need to sit for a simple exam and some course before you can be a registered real estate agent. I use the word registered cos there are many aunties and uncles who are unregistered real estate agents but are quite successful cos of their close contacts.

A real estate agent earnings ranges from "Zero" to "A Lot", it really depends on your contacts. At about 2% of the Property Price and assuming that the Agent shares 50:50 with the Company (top Agents share higher) and assuming the average price of properties is about RM300K, every transaction per week will earn you about RM3K, 4 weeks is about RM12K.

Also, you earn 1 month rental as commission for rental properties and assuming you can rent out an Apartment every 1-week at RM1K (and assuming 50:50 sharing), you earn about RM2K a month.

So, at just 1 sale and 1 rental per week, your income can be as high as RM14K, very impressive. If you are totally on your own, you can earn almost twice as much as you don't need to share the commission but some companies do give leads to theirt agents and these leads generate more leads.

However, you are considered to be an entrepreneur and if you make no sale, it means no income. I am not sure whether you are paid a basic, I doubt so cos if you are paid a basic, your profit sharing will may be lower and if you fail to make the quota, its bye-bye.

There is a risk associated with being a real-estate agent, especially if you are a woman is that some customers call you late at night or to an unfamiliar area / quiet area, don't go alone, its even risk for a man, cos you can get robbed, or worse.

In a way, real estate agent is very much like financial planning, the sky is the limit but most don't make it to the top, only the very good and lucky ones do, but the rewards are high.

For more info, check out:

http://www.miea.com.my/crenlist

http://www.propertyinvestment2u.com/how-to...l-estate-agent/

http://www.lppeh.gov.my/faq.html

Hi,

You don't have to sit for exam to be a property agent as long as you attached to a licensed property agency.

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Posted · Report post

targetz is right, you don't need to sit for exam to become property agent, just attach to an agency will do.

The S&P commission can be up to 3% now, but usually you won't get in full, it is very much depends on the owner & buyer.

Many owner will request for discount on the commission charges, and some veteran buyer might request for rebate.

Since the property market is extremely hot now, a lot of people turn themselves to be property agent, a lot of competition.

About sharing with agency, depends on which agency, usually, 80-20, you get 80% and agency 20%.

CFA is right about the rental commission, 1 month of the rental.

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