Estate Agents Earnings: Jobs in Estate
Agencies
The median annual earnings of UK salaried estate agents, including commission, in 2000 were £28,020. The middle 50 percent earned between £19,060 and £46,360 a year. The lowest 10 percent earned less than £13,800 and the highest 10 percent earned more than £83,330 a year. Median annual earnings in the industries employing the largest number of salaried estate agents in 1997 were as follows:
|
Residential building construction |
£32,300 |
|
estate agents and managers |
£25,500 |
|
estate operators and lessors |
£19,100 |
Commissions on sales are the main source of earnings of UK estate agents. The rate of commission varies according to agent and broker agreement, the type of property, and its value. The percentage paid on the sale of farm and commercial properties is usually higher than the percentage paid for selling a home.
Commissions may be divided among several agents and brokers. The broker and the agent in the firm who obtained the listing usually share their commission when the property is sold; the broker and the agent in the firm who made the sale also usually share their part of the commission. Although an agent ’s share varies greatly from one firm to another, often it is about half of the total amount received by the firm. Agents who both list and sell a property maximise their commission.
Income usually increases as an agent gains experience, but individual ability, economic conditions, and the type and location of the property also affect earnings. Sales workers who are active in community organisations and local estate associations can broaden their contacts and increase their earnings.
A beginner’s earnings are often irregular because a few weeks or even months may go by without a sale. Although some agencies allow an agent a drawing account against future earnings when thry begin the job, this practice is not usual with new employees.
The beginner, therefore, should have enough money to live on for about six months or until commissions increase.
Setting Up An Estate Agency
Estate Agency Staff
Estate Agency Personnel Ltd (EAP) specialise in the recruitment of sales and lettings estate agents at all levels; trainees, negotiators, senior negotiators, branch managers, area and regional managers directors, trainers, secretaries, property managers, new homes personnel and other estate agency support positions. EAP have become known as 'The Estate Agents Recruitment Agency'.
Estate Agency Personnel act for many International Property clients both in the UK and abroad looking for staff at all levels from support roles to Senior Sales and Marketing Directors. Contact us to discuss your estate agency recruitment requirements.
Real Estate Agents IT
Search & Submit are an estate agency development and property marketing
company that offers a holistic approach to property marketing and sales
development opportunities within the UK and emerging overseas property
markets.
The company combines the creative, technical and marketing talents of a number of key personnel with backgrounds in search engine marketing, direct sales, print and new media.
Estate agency marketing services call us now on +44 (0)7763 96 2002
Becoming a successful real estate agent
The Search & Submit team has more than 125 years of cumulative experience in all aspects of estate agency and property marketing.
The websites your estate agency is represented on are now becoming the place to make that important first impression, be it Google, Yahoo and MSN or RightMove, FindaProperty and PrimeLocation. From these sites, potential vendors and landlords follow links to the estate agent’s own web site.
Estate Agency Opportunities
As market conditions worsen it is becoming more important that your own estate agency site is up to speed, easy to find, easy to use and provides all the information required for the potential customer to utilise the services you are offering. Search & Submit offers a range of estate agents marketing opportunities.
