How much income should I expect to earn in my first year as a salesperson in real estate?

Question

Im going in as a full time salesperson..Just passed the exam here in Ga...Any idea whats in store the first year?

Answer 1

there is no way to know, it's all up to you! to produce those sales, or listings that sell!

You can't base it on knowing that most are paid around 3% because that has changed and there are lots of variables that cause a commission to fluctuate.

PLUS you have LOTS of expenses in Real Estate!

Answer 2

Ga is hot right now but the rate of forclosures there is increasing like in other areas.
Depends on how well your clients fico scores are running.
I'd guess between 25K and 70k a year.
Ask around with people in the business not too close to your offices location, but in a similar area.
Get a part time job for the first year you may need it.
Folks up hear in N.Y. are slower than normal right now mostly because the younger folks are to much in debt, those credit cards kill you. No one saves enough to buy that big investment they are all in such a rush.
Good Luck.

Answer 3

Realistically it will be close to zero. There are more classes to take. Many calls to make, you have no client base referrals, no listings. You have to advertise. You would be foolish to do this on your own so I assume that you have joined a larger office. You have business cards, flyer's, car and clothes costs, time and gas previewing properties for prospective clients, and then the same for people just looking with no intent of buying. If you are very lucky you could break even. It will take at least five years of dedicated hard work to really start making money. As you get better you need to start a team that works together to cover the other people.
It is not an easy road, but if you make it it is very rewarding, emotionally and financially.

Answer 4

Being a realtor is like owning an annuity, the longer you do it, the more you make, as repeat customers keep buying and selling, as you add new customers.
What you make in the first year depends on a variety of factors. What the average sale price is in your area, how many leads your supervisor feeds you, and of course the state of the market .
It is not unusual for a first year agent to make less than 20,000. Expect second year to double. But again, it has much to do with how aggressive you arte, and how much cold calling you do.

Answer 5

Trust me, find a side job. Take a look at this, it might be your ticket to buying some time until the real estate thing starts to pick up for you. I should know, I'm a realtor in florida, a much better market then georgia, and things still aren't necessarily easy. Oh yeah, and be smart with your money. We make our money in chunks, so remember, you might get paid today, but you might not close again for another 3 months. Hopefully not, but it happens. Anyways, Good Luck, and check this out....

http://www.freedom.ws/easymoney777

Answer 6

A lot of hard work. Talk to your broker. Expect to spend a lot of time building up your "farm" and potential customers. Your income will be circa 2.5% or the value of your sales or your listings that sell - less your broker's cut. Expect to sell 1 -5 properties unless you are really good.

Answer 7

How a lot relies upon on your dedication. reckoning on the costs of houses on your section. you may want to get a million/2 % in case you record e living house you may want to get yet another a million/2% so, in case you promote a house for $one hundred,000 funds a million% of it truly is yours.. verify such as your Realtor for the % the they get on your section.

Answer 8

Not to much right now!!!

Answer 9

If you're selling houses right now, NOTHING