If you’re in the market to buy or sell a home, odds are you’ll work with a real estate agent to help you through the process. Most make money through commissions based on a percentage of a home’s selling price.
How much money agents make each year depends on a number of factors, including the number of transactions they complete, the commissions they bring in, and the agent’s split with their sponsoring broker. Here’s a rundown of how real estate agents get paid—and how much they make.
Cambodians live in a very unique economy. This is a case where the “laws of the jungle” are not necessarily to be followed or appreciated. They may be true for many areas around the world, but Cambodia offers an extremely unique set of rules, which makes real estate agents a very profitable line of business.
Agents in Cambodia make a lot of money. From buying and selling houses and apartments to renting them out, they can be very successful in the Cambodian real estate market. This article will look at how agents are able to make a living in Cambodia, and we will take a look at some of the opportunities that are available for them:
1. Commission Based
Some real estate agents are actively promoting and selling real estate or properties of other real estate developers. They get paid by commissions when properties get sold. For example, if a unit of condo is sold, they may get up to 20% to 30% of the total price of that condo. Let’s say a unit of condo is sold for $39000, 20% commissions of $39000 then $7800 or 30% commissions of $39000 then $11700.
2. Salary Based
Some real estate agents work with read estate developers to get salary. They work really hard to promote their real estate developers ‘properties (cond0s, flophouse, villas, land) to get monthly salary. However, if they have sold a lot of properties each month, they will quickly get promoted the position and get more incentive based on the hard work and result. They might get salary range from $500 to $1500 per month based on the position whey are in.
3. Real Estate Brokers
Some real estate agents have working as the real estate brokers. They buy properties from the real estate developers to sell it for themselves. This way they can work for themselves and get high income if their properties have sold. Real estate brokers don’t own any property, they work very smart as they buy properties with cheap price from the property developers after that put it on sale in high price. They’re repeatedly doing this to make profits.
How do real estate agents make money in Cambodia?