What is typically earned by a property broker?

A property broker typically earns a commission on sales, which is a percentage of the sales price of a property. This commission structure aligns the broker's incentives with the goals of the seller, as higher sale prices lead to higher commissions. It also motivates brokers to effectively market and sell properties, ensuring they provide the best service possible to clients. The commission-based earnings are common in real estate due to the variable nature of property sales and the potential for significant profit on each transaction.

In contrast, a salary, flat management fee, or hourly wage would imply a fixed form of compensation that does not fluctuate based on performance or sales outcomes. This is typically not the case for property brokers, who rely on their ability to close deals for their income. Thus, commissions are the standard method of compensation in this field.