Now PlayingJune 1, 2023

This Is How Much Money Real Estate Agents Make In Canada

Real estate agents in Canada earn a commission-based salary, which depends on the number of transactions they complete. Typically, their salary is a percentage of the home's sold price. The commission rates vary by province, and real estate brokerages usually take a 30% share of the agent's commission. The median salary of a real estate agent in Canada is $46,212, but the earnings can vary widely. While some agents make...

Real estate agents in Canada earn a commission-based salary, which depends on the number of transactions they complete. Typically, their salary is a percentage of the home's sold price. The commission rates vary by province, and real estate brokerages usually take a 30% share of the agent's commission. The median salary of a real estate agent in Canada is $46,212, but the earnings can vary widely. While some agents make a large number of transactions and earn a significant income, others may only complete one or zero transactions per year. Becoming a full-time real estate agent can be beneficial if you can consistently complete at least six transactions per year.

Article: https://wowa.ca/how-much-do-real-estate-agents-make

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The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

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