Real Estate Agent

Job Description – Real Estate Broker: -

A Real Estate Broker is a licensed professional responsible for overseeing property transactions, guiding clients through buying, selling, and renting processes, and managing brokerage operations. The broker ensures compliance with real estate laws, provides expert advice, and facilitates negotiations to achieve successful deals. In addition, the broker may supervise real estate agents, build client relationships, and contribute to the growth of the brokerage firm.

Pay (Salary):

In a real estate brokerage setup, where agents work on a commission basis, the salary structure typically depends on the deals they close. Based on your description, it sounds like the agent receives 50% of the commission for each successful transaction, which is standard for many real estate agencies.

Here’s how this usually works:

• Commission-Based Pay: The agent earns a percentage (in this case, 50%) of the commission earned by the brokerage for a completed deal (sale or rental). The commission percentage varies depending on the market, agency, and the terms of the agreement.
• Commission Split: In Abu Dhabi, real estate commission structures for sales and leasing are regulated by law, setting maximum amounts for brokers. For both transaction types, the final commission is subject to agreement between the parties, but it must adhere to these legal caps.

Sales Commission (Buying &Selling): -

Ø For property sales and purchases, the standard commission structure is based on a percentage of the sale price.

Ø Rate: 2% of the total purchase and sale contract amount.

Ø Cap: There is a maximum commission of AED 500,000/- per transaction.

Ø Payment: While it is often paid by the buyer, the responsibility can be negotiated between the buyer and seller and should be specified in the contract.

: -

· Sale price of a property: AED 5,000,000/-

· Commission rate: 2% of the sale price

· Total commission: 5,000,000 × 2% = AED 100,000/-

· Agent’s share: 50% of AED 100,000 = AED 50,000/-

Leasing Commission (Rental): -

Ø For lease agreements, the commission rate is typically a percentage of the annual rent, and the fee is most often paid by the tenant.

Ø Rate: In the absence of an agreement, the commission cannot exceed 5% of the annual rent.

Ø Negotiation: The exact percentage is subject to agreement between the landlord and the tenant.

Ø Commercial properties: Some market rates for commercial properties are higher and can range from 5% to 7% of the annual rent.

· Annual rent of a property: AED 250,000/-

· Commission rate: 5% of the annual rent

· Total commission: 250,000 × 5% = AED 12,500/-

· Agent’s share: 50% of AED 12,500 = AED 6,250/-

• Income Variability: Since agents are paid based on their deals, income can vary significantly depending on the number and size of the transactions they close. If an agent closes more high-value deals, their income increases accordingly.
• Additional Factors: Our brokerage also offer bonuses and incentives that might be added to the commission.

Note:- If the agent closes multiple deals in a month, they would multiply the earnings based on the total commission for each sale.

Key Responsibilities:

Ø Act as an intermediary between buyers, sellers, landlords, and tenants.

Ø Assist clients in property searches, viewings, and market analysis.

Ø Negotiate sales, purchase agreements, lease terms, and closing details on behalf of clients.

Ø Ensure accurate documentation, contracts, and disclosures are completed according to legal requirements.

Ø Guide clients through the entire real estate process — from initial consultation to closing.

Required Skills & Competencies:

Ø Strong knowledge of local real estate market, regulations, and procedures.

Ø Excellent communication, networking, and negotiation skills.

Ø Strong sales, marketing, and client relationship management abilities.

Ø Ability to work independently and handle multiple transactions simultaneously.

Ø High ethical standards, integrity, and client-first approach.

Ø Tech-savvy with experience using CRM systems, property listing portals, and digital marketing tools.

Performance Indicators: -

Ø Number of closed transactions (sales & rentals).

Ø Volume of revenue generated for the brokerage.

Ø Client satisfaction and retention rates.

Ø Growth in market share and company listings.

Ø Successful supervision and development of agents.

Job Type: Full-time

Pay: From AED5,000.00 per month