How much do real estate agents earn?
There are a lot of unlicensed real estate agents in BGC who hang around foreigners trying to land condo leases. The standard commission is one month's rent, which goes to the owner's licensed broker and then gets split with the unlicensed agent. If the unlicensed agent actually brought in a signed contract, it's usually 50/50. If a licensed agent working under a licensed broker handles both sides of the deal, it's usually 70 to the agent and 30 to the broker. There are too many variables to cover everything, but you should get the general idea. For pre-selling condos, roughly 3% of the sale price goes to the agent. If it's sold on installments, it's usually paid out over 12 months or more. Source: my wife is a licensed broker.
The young ones are getting screwed. Source: a local girl who quit real estate told me
The average income for someone in their 20s is probably around 13kโ16k a month. It's a rough but safe guess across all industries. Those kids are fresh out of university and might still be getting an allowance from their parents. Either she's pretending to be well-off (realtors have to look nice and appealing to some extent, right?), or someone is supplying her with money and resources. If it's the latter, and she's barely 20, I'd be suspicious of where it's coming from.
The real answer is: it depends. Have you seen all the Filipinos on this forum saying that paying 10 to 20 or even 30 million for a one-bedroom isn't .... uh, there's a word for paying that much for housing in the Philippines and it starts with an R. Retro, maybe, as in "you must be retro if you paid that much." Plenty of people are willing to pay any price even when it's not worth it. She only needs to sell one. Literally. I've dated realtors who sell once or twice a year and that's enough. If they sell to stupid people, they can live better than most people with real jobs, just like realtors in the US The other day a Filipino user was trying to tell me that paying several million US dollars to join a country club in Manila was worth it. I'm a member of a country club in the US where sitting senators play. Both of my state's federal senators and nearly all of my state government officials are members of my club, and I paid a fraction of what they're asking in Manila. With something like that, you only need to collect a commission once if you can find someone stupid and arrogant enough to donate that much to the Philippines Even if your girl is getting money from other foreigners, in my experience there's a good chance none of them have ever slept with her. Doesn't really matter unless you're going to marry her, does it?
How the hell would she know the maintenance cost per sqm unless they only sell a couple of properties?
She's got a pretty face, so some old guy is probably supporting her. She'll date you but stay loyal to him. Don't waste your time.
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