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Real Estate salesperson - can 'commission only' get a 457?


apenny89

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Hi guys.

 

 

Does anyone know if a real estate agent that offers it's salespersons a commission only salary can still get a 457 sponsorship visa? It states that a certain salary is required but as a large amount of agents operate the commission only salary I thought there might be an exemption of some sort? Many thanks for any help!

 

 

Alex

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Hi guys. Does anyone know if a real estate agent that offers it's salespersons a commission only salary can still get a 457 sponsorship visa? It states that a certain salary is required but as a large amount of agents operate the commission only salary I thought there might be an exemption of some sort? Many thanks for any help!

Alex

 

No, there must be a guaranteed base salary which meets Market Rate and TSMIT requirements. Commission, bonuses, etc, based on performance or commission which are not guaranteed cannot be used to meet the requirements.

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