Is real estate a good industry to get into?

Question

How much does the average realtor make each year?

Answer 1

Real estate was a more popular job choice for people graduating from top US MBA schools this year (e.g. listed in alpha order Kellogg, HBS, Stanford, Wharton) than it was in prior years.

This is because many students graduating believe that this is the best choice for them given what they currently know about the market.

That being said, pundits can claim that the best way to find out about what job _not_ to take is to see which one is the most fadish employer the year prior from two-year MBA programs. For example before the dot com bust a lot of folks were doing .dot com start-ups and before Enron blew up MBA grads were breaking down doors to get into Enron.

Perhaps the better question is whether you are intrinsically interested in real estate. Have you met people who do it for a living? It is a big industry - the roles can be quite varied. Some jobs might be crunching numbers in a spreadsheet for a big investment fund. Other roles might be working for a property developer as they develop and build a new property. Other roles might be buying an old home with your parents and renovating it yourself.

So maybe the best thing to do is to meet people doing real estate. Talk to them. See what makes them excited about their job. Ask them what they do every day. Ask them how they got started. Ask them how it pays (along the way and now).

If that gets you going - maybe it is worth riding out what some are saying will be a cyclical downturn (see link to Krugman article below). If not you might want to consider another industry.

Answer 2

I noticed that you are checking into several different business fields. I really would avoid real estate unless you live around Hollywood, Calif. I also see where you gotten several replys back to you concerning sales in realty. You may read all of these notes then again you may not show any real interest of what people are trying to tell you. You sound very young if this is the case then you would be bettter off to travel plus go back to school. If you did go back to school you will learn about other opportunites plus if you travel then you just might see other business ventures. So there, try to teach yourself for awhile.

Answer 3

Why do you want to be average? Real estate like any business has its ups and downs. It is survival of the fittiest in tough times but that is not to say to avoid the industry. People will always buy or sell real estate. Email me and I will forward you information on my company which offers multiple streams of income in the real estate and mortgage industries and soon in financial planning. Open to beginners and experienced pros alike.

Answer 4

The gross commission for Realtors in 2005 according the NAR (National Association of Realtors) was around $13,300 or so. In 2004, I believe it was in the $30k's

What's your passion? If you think it's real estate, then do it!

Answer 5

Depends in which part of the world you wanna start real estate. I too am in this industry and I find it very interesting and profitable.Go ahead and try it...you'll love it!!

Answer 6

It's different strokes for different folks. Didn't work for me. Getting started with the license, test, good car, training, contacts, evenings and weekends are part of it one must consider.

I considered a company found at:

http://TopFreedoms.com

to be much easier, less expensive, quicker and have much greater long term global potential. Besides I can stay at home and work over the Internet in my PJ's.

Check out their website above, fill out their quick, 5 item form and then you decide for yourself. Good luck and mega success to you.

Answer 7

Keep in mind...........

Times and markets are changing!

In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???

This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.

From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!

With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!

For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:

http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com

Answer 8

Real Estate is dead now. Get into Commercial Mortgages. You could make $3-500,000.00 per year.

Answer 9

not these days... depends on howmuch business you get.