Exploring the Payment Structure of Real Estate Agents: Hourly Wages versus Commission-Based Models Hourly Wages in 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 depends on their ability to close transactions and make successful deals. 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 is split equally between the
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