What does an estate agent earn a year?

herbalplants

Just curious post here how much an estate agent earn on average a year?

So if they have some houses that don't sell for whole 5 months, where is their salary comes from?

And on average I am just curious if a house is not selling for 5-6 months, how long do they keep it on their books? Like would they spend a whole year showing the house for free?

tvjunki

Managing rentals, first month rent and then a percentage of the rent per month. Valuations for banks.

Dont forget they could make commission of 1.5% plus vat upwards. They could make €3k+ upwards per house sale.

walterking

Valuations is one area.

Advisory is another

Property management is another.

Like any profession you are building your contacts in the initial years and once you have the knowledge and personality the earnings flow naturally

elperello

You might as well ask how much does a publican earn in a year.

It all depends on the turnover and how well the business is run.

Some will be doing very well others just ticking over.

Kurooi

It's not like they only sell one house at a time. At any time they will manage a large number of them, some will sell within a week some within a year it balances out and they get a cushy 1-2% commission that's a lot of cash. How much time investment does 1 regular house require of them, really?

And if it sits, then it's because there are no people interested, so no viewings. It's not like they're sitting there in the house waiting for randoms to pop in to view. They'll probably make a trip here and there once a month when someone seems serious about it, and after 3-6 months tell the owner to drop the price.

Donald Trump

They get money for nothing in the good times

JohnnyChimpo

The payscale sites suggest you can earn between €30-80k depending on seniority and intangibles. Pretty good money to be fair, to quote Tropic Thunder - "A nutless monkey could do your job."

sellinggaff

https://www.boards.ie/discussion/comment/120129477#Comment_120129477

PayScale is a fraud of a website. I remember looking at it once and it said an electrician earns 16.50 per hour.

Nevermind that that is under their industry minimum rate of 24 per hour or whatever it is.

JohnnyChimpo

Yeah it's bollocks alright, but I looked at a few results and it seemed in the right range. In the absence of some EA weighing in, there you have it. Mostly I just wanted to slag off the profession tbh

SwimClub

What does an estate agent earn a year?

About 10% of what they get paid 🤣