Exploring the Pay Structure of Real Estate Brokers: Hourly Rates versus Commission-Based Systems Hourly Wages for Real Estate Definition and explanation Real estate agents typically do not get paid on an hourly basis. They are paid a commission based on the sale or acquisition of a property. This means their income is directly related to their success in closing deals and making successful transactions. Commissions are usually a percentage of the final sale price of the property, and they can vary depending on the market and the specific agreement between the agent and their client. This commission will be split
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