Im thinking about beginning selling real estate. How much did you make in your first year. How well do you do in the business? Are you good at what you do? Where are you in the country?
2006-08-09 06:55:32 · 5 answers · asked by Theandysullivan 3 in Business & Finance ➔ Renting & Real Estate
Real estate sales is either the easiest low paying job or the hardest high paying job. I've been in real estate sales for over 25 years. My first year was 1983 when interest rates were 16.5%. I sold 25 houses. Over the years I averaged one sale per week in the Minneapolis, MN area. That was my comfort level since I was also training new agents and managing about 60 full time agents. In many states you are required to operate under a broker's supervision for 2 years before you can take the broker's exam. Find a company that offers support and training for new agents. Don't hang around low producers. Talk to everyone you meet about real estate.
2006-08-09 08:37:39 · answer #1 · answered by larry r 3 · 0⤊ 0⤋
I think for the most part it's to late to get into the real estate game . It seem like everyone is getting a real estate lic now .I know a Remax broker and they have 5 x the amount of agent they have 6 years ago . There's not enough houses beening sold with the slowing housesing market to support all the realtors now .All the house builder stocks are sliding inventory is up because houses are sitting . One of the biggest builder in US is ( tol ) toll brother and they keep projecting worse numbers every month . Anyway good luck if you decide to get a lic. August 9 2006: 4:15 PM EDT
NEW YORK (CNNMoney.com) -- Homebuilder Toll Brothers said the current slump in residential construction is unlike any it has seen in 40 years as it became the latest to warn of a glut in new homes for sale and a slowdown in the closely watched real estate market
2006-08-09 14:14:51 · answer #2 · answered by Chris N 2 · 0⤊ 0⤋
I work in a real estate office in TX. You have to be willing to put your all into it to make a significant amount of money. There are Realtors who make less then what I do, and there are some that start strong and stay strong. For most agents, it takes at least a year to start making money.
2006-08-09 08:08:00 · answer #3 · answered by erin7 7 · 0⤊ 0⤋
You can expect to lose money in your first year if you go freelance. IF you decide to work for a company like ReMax, Century21, etc... you will be given a minimal commission split but they will foot the bill on advertising and marketing.
Freelance is a much better way to go if you have the insight to do it. If you are looking to make real money in your first year and have a college degree, go straight for your BROKERS license and get a few salespersons who need a license to operate under. Charge them $1000 bucks per deal for using your license and use that money for advertising your own deals.
2006-08-09 07:05:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i would also like to know thanks when i lived in ca i knew someone who worked 3 months and made 60 grand
2006-08-09 06:59:03 · answer #5 · answered by kid 2 · 0⤊ 0⤋