What salary to expect for a real estate agent? - Page 4

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What salary to expect for a real estate agent? - Page 4


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  #31 (permalink)  
Old 12th November 2008, 01:34 PM
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Users Flag! Originally from uk. Users Flag! Expat in uae.
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Quote:
Originally Posted by mandiallardyce View Post
Hey Dino,

Thanks for a speedy response. Well we have found a place we like and are paying a year upfront. But based on my partners salary I need to make a minimum of 12k for us to be able to save back the money we are spending on the rent in advance and still have enough to live off.

Do you know how much real estate agents make on average? I know its a very difficult question but its even harder for someone who hasn't worked here. In all honesty I'd rather start off working in rentals.

Do you reckon on 50/50 commision i'd make 12k or over? Basically if I end up making less than that we would be in financial difficulty.
thats the $1m question!!

Very difficult to answer and i would like to think that you could make that on a monthly avg. When you say 50/50 do you mean 50% comm or part salry part com?

rentals could be a safer bet at present, ok the money is less but there are no shortage of tenants. Of course times are a changing and banks are becoming very tight with lending, whether its mortgage, personal loans, or car loans. HSBC just announced that they wont give pers loans to anyone unless they earn 20k basic.

Another thing, comm here is not taking into consideration at all, its only the basic they look at.

If your partner is working here too on a decent basic and your income c.12k is being used as savings extras' etc then you should be ok. Hell, there is still a market here and doubt this uncertainty will last much into q1 09 so i dont think anyone needs to panic, and trust me, they are starting to panic here but only cos everyone wears rose tinted glasses behind their heavily blacked out windows on their chelsea tractors!! lol

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  #32 (permalink)  
Old 12th November 2008, 02:50 PM
 
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Well I may as well tell you, hes on 13k aed and we are taking a place for just under 100k aed a year. We budgeted that providing I make around 12/13k aed as well then we could live even if its tight (we aren't massive spenders and prefer quiet nights in-yes i know boring).
They offered no basic and 50% commision of what i sell/rent. To be honest I did a very low basic in London and still earned good money but no basic at all is a bit scary. Also I need to ask them if I get medical insurance etc, I thought that was standard but without a basic not too sure?

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