Property Agent how much??

[Benarsenal]

by the way.. does a property/car agent contribute Cpf? how to define taxable income?

 

Car salesman is standard as per employee/employer.

 

Housing agent is regarded as self-employed.

[Carbon]

thanks Benarsenal bro.. so property agents are not working for or paid by the agency (propnex, era)? i confuse sorry..

[Benarsenal]

thanks Benarsenal bro.. so property agents are not working for or paid by the agency (propnex, era)? i confuse sorry..

 

Property agents earn commission from every transaction. Depending on the company, sometimes the agency takes a cut of the commission (20% or so, depending). But in essence, a property agent earns what he sells. So more sales = more money.

 

So that's why agencies always claim that agents do not represent the company, because they really don't. Agents work for themselves.

Edited July 28, 2009 by Benarsenal

[Drive_carcar]

Today's chinese news reported that more and more people are joining this line, due to the real estate boom of late. There was even one agent who earned $80k worth of commission in just 2 months. Wow! Too bad my job contract strictly prohibits moonlighting.