If you are paying taxes, it means you are making money. In the United Kingdom, residential estate agents are regulated by the Estate Agents Act 1979 and the Property Misdescriptions Act 1991 which is due to go in October 2013, as well as, the more recently enacted Consumers, Estate Agents and Redress Act 2007.
Spain: Estate agents usually charge between 3.0 and 6.0 per cent commission in Spain but, unusually, relatively high commission may be encouraged by the fact that the seller can deduct agency commission fee from capital gains tax (CGT is levied on profits from most primary home sales, not just additional homes as in the UK).
As things stands, agents are often getting paid for deals both by the players and clubs, with a report from The Times revealing that four out of every five Premier League transfers last season resulted in an agent being paid by player and club for the same deal.
As to US and Canada it is really important to appreciate in those market a buyer has to operate through an agent who cannot be the sellers agent, it would be a conflict of interest to operate as the UK, Australia and NZ do in having purely a seller’s agent – for this reason both US and Canada for comparison sake you would need to half the commission to create a fair apples with apples comparison.
However, probably the most fundamental and central factor which accounts for why most intermediaries involved in the “secondary” oil market are generally not able to, and do not, close any sales deals or earn any income or commission as brokers and agents even after several months or years of peddling their oil product, could simply be condensed into one broad term: namely, the powerful pervasive grip that the “The Joker Broker” mentality has come to have on the brokers and agents, most of whom today are merely Internet-based brokers and agents.