Just wondering.....salary is a huge deal to me because growing up my family did not have very much money. I always wanted to be a doctor but recently changed my mind because I want to be able to start a family soon.....and I have always been interested in real estate. I live in a very expensive city, and cant even afford a house myself!!! haha!!
2007-06-26 14:52:47 · 5 answers · asked by mr.t'smom 2 in Business & Finance ➔ Renting & Real Estate
Most agents don't get a salary, they are pure commission.
Yes,100.000.00 a year in commissions, is very possible. Just realize, earnings are erratic, sell well you earn well.if you don't sell, no money comes in.
If this is your calling, you can do well. Like anything else, you have to work hard to get it, but you CAN get it.
Best of luck to you!
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Watch the papers, real estate co's such as Coldwell Banker, , gmac, have career nights,where you can find out gow to go about it.
For the heck of it, call an agent and ask about these "career nights. " Seriously.
They are the experts. .
2007-06-26 15:03:37 · answer #1 · answered by TedEx 7 · 0⤊ 0⤋
There is NO salary in Real Estate. It is ALL commision.. it is possible for agents to make $100,000 a year but it is not easy!!
According to the National Association of Realtors the average agent makes less than $24,000- $50,000 in the first three years of business. It is only a small percent of agents who make over a 6 figure income.. The average agent working 46 hours a week makes $62,000 after the first few years in the business.
If you are willing to work hard and take a pay cut for the first couple of years you could possibly earn a $100,000 a year commision.
Best of luck!
2007-06-26 16:13:03 · answer #2 · answered by Rosie 4 · 1⤊ 0⤋
Yes, but you are very confused about real estate.
NO company will pay you a salary.
In fact, you will have to pay them every month to hang your license there and have the broker overlook your activities.
The fastest way to make $100,000 in real estate is NOT representing buyer's or seller's but actually buying Pre-Foreclosure deals.
You only need 4 deals per year to do it.
As for the kids, put them on hold till you make enough money to support them.
Tons of foreclosures about to hit the market so get ready.
2007-06-28 14:45:28 · answer #3 · answered by Terry S 5 · 0⤊ 0⤋
you are paid by commission in real estate. The typical amount you will earn is 1.5% of the sales price of a home. So do your math and see if you think you can sell the amount of real estate to earn you your desired income. Do you have what it takes to close the big deals? Just being money motivated isn't enough. Real estate is also a service business and your success will depend on your clients recommending you to others.
2007-06-26 14:59:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes. beyond a shadow of a doubt.
2007-06-26 15:28:05 · answer #5 · answered by CANCEL 2 · 0⤊ 1⤋