Real estate agents are the people you deal with when purchasing or selling property. They are the people on the front line of the real estate market that are ready to create multiple income streams for themselves. There are many ways to make money as a real estate agent.
Commissions are negotiable. Successful commission-earning sales people make more than those with a base salary. It is by far, the most common way real estate agents make money.
#2. Being a buyer’s agent
A buyer’s agent works directly with people looking to purchase a house. The agent usually looks up homes for sale, gives discount offers on houses for buyers and helps the buyers throughout the process. Buyer’s agents will also work with sellers. They can make lots of money as a buyer’s agent.
#3. Being a listing agent
This is another way to make money as a real estate agent because you would have already gotten a list of homes for your sellers. A listing agent, one could say is different from a buyer’s agent. The listing agent helps negotiate price, offers, give a list of the homes ready for sale and get it ready to sell. They work less but make a lot of money.
#4. Short selling
A short sale is sale of real estate that generates proceeds that are less than the amounts owed on the property. A listing agent will help sellers list homes available for sale. With short sales usually, there are always legal implications that an agent needs to be familiar with first before proceeding with the sales.