Real Estate Agent
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago, 08/18/2013
Why do agents make so little on average?
I understand agents make 20k to 40k per year on average. I'm wondering why exactly this is?
If your a buyer's agent and your client is preapproved to buy a house, it seems like there would be around 100 percent chance of making your 3 percent commission. I can understand there are occasions where your client gets laid off suddenly and therefore can't buy a house, but overall it seems once you've secured a client and they sign a contract with you what else would prevent this sale?
I'm guessing it must be an issue with lack of clients?