I get this question a lot from clients and even friends. Now usually people don’t like to discuss pay but I believe being transparent can educate others interested in the industry or those who are simply curious of the structure. Real estate agents aren’t paid by the hour, nor are they paid for the work they perform. They only get paid for their work if the transaction is formally closed. An agent can spend days and months working with a buyer or seller. They don’t get rewarded for their time if the buyer and seller don’t go through with the transaction. Agents only get paid at closing.
Infographic Source : DIGGSY
