2007-01-31 04:40:36 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It takes about 30 days to close a property...So you can figure you should start making money about 30 days after you write your first contract...
Just like any other business..IT takes a ton of start up money and you may not "really" start seeing results for about 2 years (most at least 6 months and some people never) Depends on how driven you are, how much advertising you can afford and how easy or hard it is to break into you market place..Would you want to hire a brand new agent to make the biggest transaction of your life for you or would you prefer someone who had a proven track record? Good Luck in your new venture!..ss
2007-01-31 04:47:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Figure it takes about 6 months to make your 1st check, but years to "make money!!" You will probably be able to put a deal together from a relative or a friend but you will soon see it is all in marketing yourself. Hit up for sale by owners, they are struggling to sell and really need the help of a professional. Also chase expired listings, this is a great source of business. Do open houses for some of the higher producers in your office, because we hate doing them. Remember 10% of the agents make 90% of the money. The average Realtor salary is around $25,000. Hardly big money. If you are hard worker you can make money. I wish you the best of luck.
RE agent,
Remax
2007-01-31 14:37:49 · answer #2 · answered by frankie b 5 · 0⤊ 0⤋
3-12 months. First years is the hardest but it can also be the easiest because you can tap family and friends looking for houses.....this is known as your natural market. Once you saturate this market you will have to look at an external market....good luck! This is a tough time to be selling real estate.
2007-01-31 12:54:26 · answer #3 · answered by boston857 5 · 0⤊ 0⤋
This depends on your location and the market you are in. There are some agents who do not really start to make a full time income until their third year. Then, you have those agents who are out there getting the listings and working hard to get their name out .... they make money faster.
It is just like starting your own business. You really need to work hard to get it off the ground.
Good Luck!
2007-01-31 12:48:36 · answer #4 · answered by c21bucks 2 · 0⤊ 0⤋
Usually 60 - 90 days, if you're really working your market.
Once you have a firm sale on the books, there are a lot of "Commission Advance" companies who will give you up to $5,000. per transaction up-front for a nominal fee. Ask your broker about them.
2007-01-31 12:51:22 · answer #5 · answered by Jack 6 · 0⤊ 0⤋
As soon as u get out n try to sell a house and u will make some money honey lol...Good luck Ciao 4 now.
2007-01-31 13:32:43 · answer #6 · answered by too4barbie 7 · 0⤊ 0⤋