Are you considering a career as an estate agent? If there is one question that everyone asks on the subject, it is the question of salary. Indeed, the property industry differs slightly from all the others, since agents are mainly paid on commission. It is possible to earn more or less money depending on the economic situation and the market.
However, it takes time to develop your network, your business and establish yourself as a recognised professional. Are you starting out or about to start and would like to learn more about the potential salary you could be expected to receive? We suggest you review everything, in order to determine how much you could potentially have on your pay slip at the end of the month.
Contents
An estate agent is a person who has just started in the last few years as a self-employed agent or is employed in an agency.
With little experience, beginner estate agents are sometimes required to work alongside another more experienced agent or broker to learn the ropes and gain hands-on experience in the field.
In the rest of this article, we will present everything you need to know on the subject!
New estate agents employed in an agency can be paid in two ways:
rise in basic pay and commission is not automatic. However, with years of experience, a larger list of contacts and reputation only evolve, meaning the more experience you have the more money you will make
Find out how much more you could earn as a self-employed agent
The goal of a new estate agent is to gain skills quickly with experience and the development of their clientele. The possibility of seeing the number of sales evolve is significant. This will, naturally, impact the question of salary.
Nationally, experienced estate agents can earn, on average, £41,275 and £45,000. It all depends on the quantity of properties sold and the commissions charged. Finally, if you want to move up, you can apply for positions with higher responsibilities, or even start your own agency, which will allow you to earn more.
Some experienced agents may also choose to specialise in a particular type of property, such as luxury property or commercial real estate, which can lead to higher commissions and income. This should not overshadow the fact that the market is highly competitive and income, as a beginner real estate agent or otherwise, can fluctuate from year to year.
| Good to know: You can earn from mentoring with iad To the commissions received on your own sales, you could add a percentage of the income received on the sales of a team that you mentor! With the iad mentorship system, it is possible to build a sales team itself composed of independent sales agents that you will guide. To learn more about iad sponsorship |
Find out more about the income of a self-employed estate agent
3 things to remeber
– New estate agents can paid on commission, just like experienced real estate agents. This commission can vary based on the value of the property.
– It is estimated that a new estate agent can earn between £25,000 and £30,000, after commission, per year.
– The possibilities for salary development are quite significant with experience if the agent has a well-stocked address book and applies professional methods.
Know more:
In today’s fast-paced world, many workers find themselves at a point where they want to change career. Whether it’s the desire for a more meaningful career, a better work-life balance, or simply the urge to shake things up. The pull toward change is stronger than ever. It’s not uncommon to feel that your current role […]
Are you thinking of quitting your salaried job and starting up on your own? Whatever the field you want to get into, Starting your own business requires serious thought beforehand. During this analysis phase, you will need to ask yourself a number of questions about your character, the possible revenue streams and your aspirations, both […]
Are you passionate about property? Are you wondering what the best practices are that make you a good estate agent? So what are the qualities that would allow you to be successful in this industry? Read this article to find out. ContentsBest Practices for Estate AgentsHow to become an independent estate agent with iad?A final […]
Every year, iad celebrates the excellence and success of its estate agents at the IWC (iad World Challenge). A tradition that brings together, inspires and rewards our top performing estate agents. This year it was held at the end of November and transported 65 of our top talents to a magical place: Lapland. ContentsA unique journey for top […]
As the holiday season approaches, many property owners and agents question whether it’s the right time to market properties at Christmas. While December might not seem like the obvious choice, the festive season can present unique opportunities. Here’s a guide to help self-employed agents maximise their property marketing efforts during Christmas. ContentsIs It a Good […]