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How to Increase your Commissions as a Real Estate Agent
There are, in essence, four ways to increase your commissions – sell more, sell at higher prices, raise your fees, and change your agency. We’ll look at each of them in more detail next.
Sell more units. This is probably the most obvious way to increase commissions, but it can be hard, too. The last few years have been very rough on the real estate industry. The good news is – most of the markets in the US are rebounding, with the exception of the Northeast. That will make increasing the number of units you sell easier, though it may mean that you have to relocate.
This may mean you will have to take away sales from another agency. Trying to do this without creating hard feelings with your peers is going to be difficult. You will also have to do your research on which micromarkets in your area are not being met by someone else. There is where you can find your niche.
Some questions to consider - Do you want to sell more units next to each other? Or are you going to go for a whole market? The answers to these can ...contd..