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It depends on which market you work in and how commissions are paid. The two main factors are: how much the condo owner pays in commission, and what cut your brokerage keeps.
In the Chicago market, most owners pay 1 month's rent as commission on a 12 month lease. If you represent the owner directly, you usually get one full month. If you lease the condo through the MLS, the listing agent keeps 1/2+ of the commission.
Your brokerage (who you hang your license with) will then keep a percentage of whatever that cut is. If you're with a large firm, they often keep 60%-70%. If you're with a small firm, they may keep as little as 10% or just charge a fee of around $150.
I can only speak about the market in which I work -- Chicago. It's a lot of work, but it is possible to make six figures annually. A good agent should easily clear $50k their first year.
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∙ 12y ago
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