How much do real estate agents make?

The real estate industry has always been considered one of the fields with high income potential in Vietnam. In particular, real estate brokers are often known for their dynamic, polite image and especially their "unlimited" income if they know how to seize the opportunity. So, in reality, what is the income of real estate brokers? What factors determine income in this profession? Let's find out more specifically through the following article.

Opportunities and challenges of the real estate brokerage industry

Real estate brokerage can be a very lucrative career, but it also comes with a lot of pressure and risk. Not every month has transactions, sometimes there are no commissions for the whole quarter if the market is sluggish or the customer approach strategy is ineffective.

However, with the strong urbanization and increasing housing demand, especially in areas such as Ho Chi Minh City, Hanoi , Da Nang, etc., the brokerage profession is still an attractive choice for those who love flexibility, unlimited income and are willing to make an effort.

Income structure of a broker

Unlike other professions with fixed monthly salaries, real estate brokers’ income mainly comes from commissions on each successful transaction. However, some companies still pay fixed salaries to support employees in the early stages, ranging from 4 to 8 million VND/month, depending on each place’s policy.

Most of the income will come from commissions, usually ranging from 1% to 5% of the transaction value. With apartments, land or townhouses worth billions of dong, with just one successful transaction, the broker can receive from several tens to several hundreds of millions of dong.

For example: If a house is sold for 3 billion VND and the commission is 2%, the broker can receive 60 million VND. In a month, if 2-3 products are closed, the income can exceed 100 million VND, even higher if it is a high-end product or a large project land.

Factors affecting income

Not everyone who works as a real estate broker has a high income right from the start. The income level depends on many factors such as:

• Sales experience and skills: People with experience, good market knowledge, good consulting and negotiation skills will easily close deals and have a more stable income.
• Product source: Working in a company with good product source, attractive products, clear legal status will help brokers easily approach and sell products.
• Area of ​​operation: Some big cities such as Hanoi, Ho Chi Minh City or Da Nang are hot spots for real estate development. Therefore, those looking for real estate jobs in Da Nang , Hanoi or Ho Chi Minh City are facing many opportunities to increase their income thanks to the strong market development.
• Customer network: Brokers with a familiar customer base and high personal reputation will have a better deal closing rate than newcomers.

Income by industry level

In the real estate industry, brokers’ income fluctuates greatly based on experience and position. Newcomers often receive low base salaries or low commissions due to lack of skills and clientele. However, if they work seriously, the average monthly income can still reach 5 to 15 million VND.

After accumulating 1 to 2 years of experience, brokers begin to have a more solid foundation in knowledge, sales skills as well as relationships in the industry. Thanks to that, income can be significantly improved, often reaching 20 to 50 million VND per month, even higher for those who are diligent and have good deal-closing ability.

At the team leader or sales manager level, monthly income increases significantly thanks to a combination of personal commissions and team sales bonuses. The common income ranges from 50 to 100 million VND, depending on the effectiveness of leading the team. With excellent performance, this figure can far exceed the average.

Some brokers, after a long period of working, have accumulated capital and experience and will switch to the role of investor. They invest in real estate themselves and directly broker their products. At this stage, income is no longer a fixed number but can fluctuate greatly, depending on the size of the investment deals.

Through this article, we have explained How much is the income of a real estate broker? The real estate brokerage industry not only brings attractive income but also an opportunity to explore your limits. Success is always open to those who are persistent and ready to accept challenges. Visit Tuyendung43 to explore real estate job opportunities in Da Nang and develop a career worthy of your efforts.

Source: https://baoquocte.vn/thu-nhap-cua-nhan-vien-moi-gioi-bat-dong-san-la-bao-nhieu-315575.html