I know it will vary, but I'm just talking about an average per year. I live in alabama and am in telecomunication sales now and have been for the past 3 years. Any insite would be great.
2007-08-09 02:41:02 · 5 answers · asked by Krystal V 2 in Business & Finance ➔ Renting & Real Estate
No one can really tell you how much you will earn if you decide to become a real estate agent.
The range will vary depending on your abilities, education, effort, your marketing techniques and other variables that are too many to mention here. Will you be a full time Wal-mart worker and a part time real estate agent?
Now the best time to get into the real estate field is when it is on a down turn as it is now. You will learn how to sell property, make a good marketing plan.
When the good times come and real estate agents become order takers again you will have a balanced prospective on how to sell real estate.
Now about the range. The best real estate agent I have known earned over $1.5 million dollars. The worst real estate agent I have known earned $20K. Both worked in the same office. My knowledge of real estate agents are from California.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-08-09 06:13:40 · answer #1 · answered by loanmasterone 7 · 0⤊ 0⤋
Unfortunately you may have missed your window on the big bucks. The real estate boom hit big for many and I know some made easily $200-300K. But the market downturn is hitting the real estate market hard and it looks like it will continue. Prices are sliding and inventory is not moving.
Real estate sales is very much a feast or famine. If you really want to try it, I suggest that you do it part time for a while. I don't know your market but if you go into it full time and have some success over the next year, you are probably looking at $40 -50K but do the numbers for yourself. Figure out the typical real estate commission ( 6% is normal) times the number of house you think you can sell in a year. THEN subtract the broker's office piece and taxes....
Plus don't forgot, if you are working 9-5...real estate is not 9-5 - lots of nights and weekends...and lots of driving.
Good luck with your choices.
2007-08-09 02:53:52 · answer #2 · answered by BVG 2 · 0⤊ 0⤋
This is so hard to answer because it really all depends on you. If you are a hard worker and dedicated to your career as a Real Estate agent, you could make well into the six figured. If you are lazy like most, and do enough to get by, then about 20-25k. I am pretty sure that the national average for agents income per year is around 24k/yr. Remember 10% of the agents make 90% of the money. So of the millions and millions made by agents in a year, 90% is shared by 10% of them. Scary huh? That leaves the other 90% of the agents splitting 10% of the money. This business is tough, and getting tougher by the day. If you are not prepared to work your butt off, dont bother. It is not as easy as people would make it out to be.
RE Agent,
Remax
2007-08-09 02:55:03 · answer #3 · answered by frankie b 5 · 0⤊ 0⤋
Most agents DO NOT get 3% of the sale price of the house. They work for a company such as Century 21 or Remax who gets a chunk of that 3%.
Don't think that just because the real estate market is having a correction that it has come to a halt. Properties are still being bought and sold you just need to have a strong network for referrals.
2007-08-09 03:49:54 · answer #4 · answered by James W 2 · 0⤊ 0⤋
You need to look at the average houses in that area. Real estate agents TYPICALLY make around 3% per deal. So, take 3% of the sales price of the houses in the area and then figure it out from there. 3% of 150k is $4500. 3% of $50k is $1500.
2007-08-09 02:50:25 · answer #5 · answered by healthspot_2000 4 · 0⤊ 0⤋