Greycoat real estate agency specialists comment on the UK´s current housing trends. According to an article in eXp UK’s Corp, the industry does not appear to pay commissions to real estate agents per market guidelines. Based on previously earned revenue narration from Salary Expert.
Salary Expert has over 15 jobs dependent on commissions, estate agents have a median base wage of about £42,971 per year, which places them in position 11th on the list. The potential commissions from the resale of properties are substantial, Greycoat states.
These commissions equate to agents earning an average of about £6,420 a year, which places them in the 8th position in terms of commission earnings. Greycoat comments how an estate agent considering a career change should know that joining this profession will result in an average annual income of £49,391.
They should also know they will be ranked 9th on the occupational ranking scale. eXp UK president Adam Day expressed a surprise, saying, “Despite orchestrating the sale of the most expensive asset someone is likely to own, estate agents earn less commission than those selling boats and computers.”
Greycoat Real Estate, the independent real estate company with over 45 years of business history in central London, further supports this view. Greycoat plays a significant role in development and asset management (Instagram).
It has expertise in handling large and complex projects across multiple real estate sectors, from residential to retail, that require an in-depth understanding of the property market. Greycoat’s farsightedness underlines that equitable remuneration is appropriate for real estate agents. As such, this company calls for societal change to bring a fair payment for people who perform such an important function in property transactions.