Economy, Business And Markets

Uptown Tehran’s Six-Figure Job

Uptown Tehran’s Six-Figure JobUptown Tehran’s Six-Figure Job

A low-profile job that can earn oodles of cash for its holder, especially in uptown Tehran: real-estate agent. They usually work eight hours a day and their payments are often calculated on the basis of a percentage of the entire price of the properties sold, Eghtesad News reported.

 “The lowest monthly commission paid to my realtors is 10 million rials ($303 at market exchange rate) whereas some make as much as 600 million rials ($18,181),” said the manager of a housing agency in Tehran’s District One–located in the northernmost part of the city.

“I have been working as a real-estate broker for three years. I once paid a handsome salary to the tune of 10 billion rials ($303,030) to one of my employees for selling a high-rise apartment building,” said another player in the real-estate sector.

Nevertheless, according to the report, real-estate agents neither enjoy insurance benefits nor are they subject to the employment laws of the Ministry of Cooperatives, Labor and Social Welfare.