Are you wondering what a real estate agent salary is? Well, damadek career is here to inform you about how to go about it. In terms of getting a real estate agent, who they really are, how much they earn , and how important their job is to your landed property need.
What is Real Estate?
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this an item of real property, buildings, or housing in general.
This means any property that has lands and buildings on it, it is definitely a real estate property. There are four types of real estate:
- Residential real estate: These include both new construction and resale homes.
- Commercial real estate: These include shopping centers and strip malls, medical and educational buildings, hotels, and offices.
- Industrial real estate
It will surprise you to know that we have different professionals in the real estate field such as real estate investors, real estate agents, etc. But, this blog will be talking about Real Estate agents.
Who is a Real Estate Agent
A real estate agent is a person whose major duty is to oversea transactions in terms of buying, selling, and renting too that concerns houses, land, offices, or buildings for their owners. Real estate agents are licensed professionals who arrange real estate transactions. putting buyers and sellers together and acting as their representatives in negotiations. they are usually compensated completely by a percentage of the property’s purchase price; so their income depends on their ability to get a deal closed called commission.
In almost every state, a real estate agent must work for or be affiliated with a real estate broker (an individual or a brokerage firm), who is more experienced and licensed to a higher degree.
Each day is unique and different for a real estate agent; while this can be an appealing aspect of the real estate profession. It can also offer unique challenges or opportunities, depending on the agent’s skill set. So, just what does a real estate agent do in a typical day?
A real estate agent also perform other duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyers and sellers. Most of the time are confused about the duty of a real estate agent. This is because instead of seeking a professional guide, we tend to do some of these jobs all by ourselves or employ an Architect for the job
How Much do they Earn as a Salary
It may interest you that in Nigeria, real estate agents earn at least 1,700k to 1,800k per month. Depending on the firm they work under.
Real estate agent salary in United States is $59,420 annual wages
China they earn 12,500 CNY (lowest) to 39,700 CNY (highest).
Canada they earn C$107,409 per year.