The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>United Kingdom Taxes

How do Real Estate Agents get paid in the UK and Ireland? Commission or Salary? Percentage?

How do Real Estate Agents get paid in the UK and Ireland? Commission or Salary? Percentage?

Most Estate Agency business have an Office employing many people.

All the employees get a Salary, however Sales Staff Salary is low ("basic"), but they get Commission. Basic + Commission make "On Target Earnings" (OTE) which is what they can expect if they sell a 'normal' number of properties (for that Agency).

The Agency charges the seller commission of between 1.5 and 2% of the final sell price. If they don't sell the house, the Agency gets nothing. This has to cover all costs - so only a little of the 1.5-2% goes to the Sales Staff (Sales Staff might get some fixed amount per property plus a bonus for exceeding some target number of properties)

As employees it's usually both. There'll be a basic salary package plus, although not always, with commission payment linked to sales on top.

Commission only working tends to only apply to self employed sales people.

Both

both.

Tags
　　Atlanta 　　Other - Business & Finance 　　Other Taxes 　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes
Related information
  • My pay scale4500-125-7000 .what will be expected.?

    As a fresh entrant is eligible for 4500+all other allowances and perks as total pay packet. Other benefits such as rent free accommodation etc is attached to the respective posts. Working condit...

  • Can I claim back winter fuel allowance for 2 years when I was not made aware that I was eligible ?

    The ONLY way to find out is to make a claim. If you do // don't get the money then your answer will be clear!

    ...
  • I have lost my 2007 P45 but need the data to complete my tax return. What can I do?

    Contact your previous employer, they will give you the PAYE reference number and will have all the information that was on your P45

    ...
  • What is the value of the stamp that goes on a large envelope in the UK?

    48p

    ...
  • How to get maximum benefit from the hefty UK council taxes ?

    And the Police, and the Fire and Rescue Services And street lights, and roads (which a partly paid for from Council Tax and partly through the Road Fund Licence) and footpaths and the local park a...

  • I want to buy a raod tax?

    Go to GOV/UK ROAD FUND LICENCE follow the questions

    ...
  • Do i have to pay water rates?

    Yes you have to pay for water. Look on the web and contact your local water authority. You can get a payment book that you take into the post office every fortnight. If you want to push your luck, ...

  • Why was I BILLED FOR JANUARY WHEN I ALREADY PAID ON 2/5/07 16.18 AND 8.96?

    OK, I'll take it off your bill, you should see the credit reflected on your next statement!

    ...
    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster