Real Estate Agent Salary in Malaysia
Choosing a real estate negotiator’s livelihood is a bold move, yet salary often ranks highly as the ultimate deal-breaker. However, location, brand, and benefits are all considered important in the decision-making process.
Working in such an industry for many years, we have encountered many inquiries about the average salary for real estate agents and a few questions that everyone wants the answer to but is too scared to ask.
But no worries, we’ve got your back by answering your burning questions!
First Of All, Why Become A Real Estate Negotiator?
- Do you like chatting up to people and visiting houses?
- Do you enjoy a bit of flexibility and color variety?
- Do you enjoy helping people from all walks of life?
- Do you enjoy being your own boss?
- Do you want to learn many opportunities?
If your answer was yes, yes, yes, yes, and yes, your why has become why not?
You clearly have the passion and desire to pursue a career in the real estate industry – so why in the world are you still sitting here, holding your phone and reading this article?
Get off your butt – after you bookmarked this page for later – and head to an agency to sign up for your future!
1. But, How Much Does A Real Estate Negotiator Earn Actually?
Wait, you’re still here? You have your passion. What more do you need? Salary? Oh, you are a curious one.
Disclaimer, what I tell you is a standard answer for many agencies in Malaysia – so listen carefully and closely…
Becoming a real estate agent DOES NOT ensure a monthly wage. Yes, you are awarded a large salary by becoming one, but you must continue your sale streak to enjoy life to the fullest.
Think about your choices again before you decide to jump the real estate boat and manoeuvre to the sunset for a happily ever after. Ultimately the choice is up to you, and we can only provide guidance.
Now we have those concerns have been answered, shall we continue to the start of this article?
2. What Are The Commission Rates For Subsales, The Difference In Rent And Sale Difference?
Subsales commission rates are based on the tiering level achieved by agents. When agents begin in a new company and have no proven sales history, they start at level 1.
The agent must have achieved a specific amount of “collected commission” by the company and is allowed until 40% to move to the next level.
3. Are There Tiers For The Real Estate Negotiator’s Commission/Salary Rates?
Yes, there are tiers of the property agents’ commission, as explained above.
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4. Do Real Estate Agents Have A Monthly Sales Target/Salary?
No, negotiators don’t have a monthly sales target that will affect their existing commission rates. There are, however, sales target-based incentives.
5. What Is The Commission Rate Breakdown Of Properties?
A property agent’s commission rates are 3% as per the Board’s approval.
For example;
You sold a unit for RM500,000. So, RM500,000 X 3% = RM 15,000.
6. What Are The Incentives/Awards An Agent Will Get When They Hit The Sales Target?
Many incentives and awards are available and vary from project to project, region, and overall company level.
At IQI, we ensure our negotiators reach their full potential in business and personal. By working hard each day, the negotiator is offered exciting rewards/incentives to motivate them further.
These incentives come in several categories, including global travel destinations like Norway and grand luxury cars like BMWs.
Are you searching for ways to reach for the stars of success?
Are you an individual with a burning drive to improve your skillset?
Don’t overthink – time to get it back by #IChooseIQI.
Create your success and experience the many endless possibilities with IQI !
Grab the opportunity TODAY!
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