Considering my first job as a realtor with a small co. and with a big co.?? How much could i bring in?
2007-07-25 16:07:38 · 9 answers · asked by eddiemunster06 1 in Business & Finance ➔ Renting & Real Estate
Your first 6-12 months as a Realtor with any size company will most likely be very difficult as it is tough to bring in business in a new industry. Your timing of right now is not exactly the best either with the current real estate market being a bit on the sluggish side right now. It is impossible to say what kind of money you could bring in during your first 6 months because really that depends upon you, your work ethics, how hard you work and how much you really want to make. You could be anywhere from $0k after you first 6 months up to $50k. Good luck.
2007-07-25 16:17:03 · answer #1 · answered by dzwreck 4 · 0⤊ 0⤋
Ya know the skys the limit, everyone that has answered is right. One thing, the biggest mistake i see alot of new agents make, is that they dont treat it like a business. I see them get lazy because they are thier own boss, or are afraid to go out and make new contacts. You are a business, always be professional, dont be afraid to ask top producers questions or ask your broker if your not sure on something. I made about 77k my first 6 months, that was 3 1/2 years ago, I am now an associate broker and am 30% owner in an exit realty franchise. Ive been making about 40k a month for the last year. I am not trying to brag, but motivate you. Good Luck.
2007-07-25 18:12:09 · answer #2 · answered by Todd 2 · 1⤊ 0⤋
Well Eddiemunster, sounds like you got the real skinny on being in real estate, from the other folks that answered your question. Today, you really need to have a pretty good sphere of influence to get started. You need to work smart. Put your money into smart advertising, not just anything. You need to do all the basics and probably more.
My only hope for you is that early in your training (education) someone was honest with you about having a couple of years worth of capital to work with. This is your business, while you are required by law to work under a broker in most cases, the broker may sound like they pay for alot, but in effect, it comes out of your commision checks. Plus your commission checks aren't generally full (unless that's the deal you worked with the broker), the broker's take their cut first, then they take all your expenses... It's tough. Hope you kept your day job.
2007-07-25 16:34:34 · answer #3 · answered by Alterfemego 7 · 0⤊ 0⤋
My experience was that it helps to have another job so that you can continue eating (also fellow agent open houses have free food) The tax benefits of being self employed are tremendous, and there are many great social and psychological benefits to being involved in the business. It can be a lot of fun and very rewarding, so long as you have a viable back up plan in place... If you don't put all of your "marbles" in the real estate basket until it becomes a paying proposition, you will be very wise:)
2007-07-25 16:30:01 · answer #4 · answered by pgsimon7 1 · 0⤊ 0⤋
It depends on how good you are at getting your name out there and letting potential buyers and sellers know you are in real estate. This profession is not short term, My real estate agent told me she does one or two closings a week, at maybe 3000 each, but almost every job was a referral from a past satisfied customer.
Considering that the agent gets paid at closing, and it can take two to six months from contract to closing (depending on contingencies in this slow market) you need to be prepared for $0.
2007-07-25 16:17:55 · answer #5 · answered by Ted 7 · 1⤊ 0⤋
Eddie. My first six months in the business I made $600. That was 31 year ago and I have seen many highs and lows.
Provide a service, never give up and always improve.
Listen and learn and have patience.
You will do fine.
2007-07-25 16:54:26 · answer #6 · answered by Jimmy 5 · 0⤊ 0⤋
In my first six months i believe i made 1500 bucks. I stuck it out and worked my butt off. Result, several years later I make well into the 6 figures. Just get out there and hustle. You are not going to make money asking questions in here.
2007-07-25 17:07:47 · answer #7 · answered by frankie b 5 · 1⤊ 0⤋
It all depends on volume instead of pondering "what could have been" get your *** out there, sell some real estate and make it happen brother!
2007-07-25 16:10:55 · answer #8 · answered by Anonymous · 1⤊ 0⤋
You could bring in nothing. Nada, Zip...
In fact you could easily lose money with fees, postcards, ads and gas not even counting your time.
2007-07-25 16:15:33 · answer #9 · answered by CommonCents 4 · 1⤊ 0⤋