What are typical real estate agent salaries?

Do some companies pay a lot more for this position than others? What does a top earner make in this field?

What skills should you learn to increase your salary?

Host said: Do some companies pay a lot more for this position than others? What does a top earner make in this field?
What skills should you learn to increase your salary?

I like to know how to become a realestate agent.

Host said: Do some companies pay a lot more for this position than others? What does a top earner make in this field?

What skills should you learn to increase your salary?

Nearly all brokers "hire" agents who then work on commission. Brokers typically take a portion of the agent's commission earnings -- typically 20-50%. Brokers can also charge agents "desk rent" in lieu of a portion of their commission which is a fixed fee every month. Terms are generally negotiable based largely on experience -- how much business the agent brings the broker.

A top earner can make good money. If an agent closes say two $500K deals every month, he could earn $300K a year. This is UNUSUAL however and most that do this much business would likely have a team and lots of expenses. The average income of agents is typically more like $55K a year.

Skills to increase earnings involve proactive marketing to increase clientele to help buy or sell homes as well as education to become better at doing it and more efficient.

Statistically, 80% or so of new agents quit after 24 months. It is a small business that takes time to build and has many start-up costs. People thinking it is anything less or easy money are often mislead into real estate!

Jim Bartos in Pittsburgh, Pennsylvania said: I like to know how to become a realestate agent.

Take the Real Estate classes required by your state.
Google it. In TX you can take the classes online w the University of Texas affiliate.

You will then go take a licensing test.

You can be an inactive RE agent if you do not have a broker.
You must have a Broker to sponser you for 3 years to be licensed in TX.

Host said: Do some companies pay a lot more for this position than others? What does a top earner make in this field?

What skills should you learn to increase your salary?

Very high turn-over as it's all commission.
You'll need another source of income for at least 6 months if you already have organizational skills & sales skills.

Chris in Columbia, Maryland said: Nearly all brokers "hire" agents who then work on commission. Brokers typically take a portion of the agent's commission earnings -- typically 20-50%. Brokers can also charge agents "desk rent" in lieu of a portion of their commission which is a fixed fee every month. Terms are generally negotiable based largely on experience -- how much business the agent brings the broker.

A top earner can make good money. If an agent closes say two $500K deals every month, he could earn $300K a year. This is UNUSUAL however and most that do this much business would likely have a team and lots of expenses. The average income of agents is typically more like $55K a year.

Skills to increase earnings involve proactive marketing to increase clientele to help buy or sell homes as well as education to become better at doing it and more efficient.

Statistically, 80% or so of new agents quit after 24 months. It is a small business that takes time to build and has many start-up costs. People thinking it is anything less or easy money are often mislead into real estate!

How is the market for Real Estate Inspectors?
Are there jobs within Brokerages or is it usually all independant self-employment?

Real Estate in Frisco, Texas said: Very high turn-over as it's all commission.
You'll need another source of income for at least 6 months if you already have organizational skills & sales skills.

Totally true. In this economy you BETTER have a full time job while doing real estate part time.Of course finding a broker that will take you part time, you should have a very good excuse.I am here in a New York City borough and for the last 2 years I have been struggling.It's very competitive.There is a lot of backstabbing and unethical behavior that brokers approve of because it brings in money.You have more to worry about from the colleagues at your firm than outside of it.However, once you establish your niche and "nip in the bud" those people that scavenge from you or try to steal your business - You'll be ok! Show them you're tough.You are usually treated by clients as a respectable(licensed)professional, you make your own hours, pick your listings, pick your clients and negotiate your fee.People don't seem to care about resumes, references, human resources, lengthy difficult interviews, and all the usual corporate "red tape" designed to screen you out.They want to see a real estate license and a record/description of the rental/sales you've done.It's simple.At least in the New York City area.It seems other big cities are like that too as I've spoken to realtors from there.You can work from home virtually and from an office - or both.You keep a portion of the profit you make and can advance to associate broker, then head broker and form your own company - even if it's small.You save the costs and work from home.You don't sit at a desk 9-5 (with free overtime) and let your employer take 200% of the profit for the work while he throws a few nickels and dimes at you as "salary".It's good to use the 9-5 job while you develop your real estate business on the side. Especially in this bad economy.Having said all that, I still love real estate.

What other career or occupation do you get to make money from where: you don't own the property, live on it or pay for it - all you need is to be very familiar with it, show it and sell it.You don't need a college degree at all.And you pay taxes at the end of the year when you file.Taxes are not automatically stripped from you paycheck.Real estate will always be in demand - be it high or a bit lower, like now.People need water, food, jobs AND REAL ESTATE!! GOOD LUCK!!

You really have to be good at selling to survive in a market like this. My husband and I both have our license but he is the only one using his. I am a full time student and get paid by the miliatry to go to school. He was selling new homes here in California for the last 5 years. We have been through 2 lay offs and at the end of last year he finally made the transition into resale. He works for a company called Zip Realty. They are internet based and provide you with your leads. He gets about 3-5 new prospects a day sent to his phone via the internet. Everytime a new client signs up on Zips website they are assigned to an agent in the area. The agent has a certain amount of time to contact them by email or phone. It is an awesome system which provides many leads without spending extra time running around knocking on doors and bothering family and friends. It is still too soon to tell how this year will go but so far he is staying quite busy even in this petiful market.

Good luck in whatever you decide to do. Im not sure where all Zip is located but I would say they are a great choice if they are in your area. You don't have to come up with a bunch of money for start up costs like most real estate companies since they provide all of the marketing for you. They also give you an allowance for fuel and office supplies each month! I can't say enough good things about them!!!

Brandi J in Ceres, California said: You really have to be good at selling to survive in a market like this. My husband and I both have our license but he is the only one using his.

Here in New York City and its surrounding in-demand boroughs we rent apartments while the house for sale is sitting on the market.With the Internet and Craigslist especially, many renters don't use agents.That service is killing our business.The quality of the apartments and landlords is lower on Craigslist but many people find out after it's too late.Still we do OK with rentals when the economy was decent - say, before 2007 and 2008 (before sub-prime and financial crises). I have temporarily given up real estate and am looking for full time salaried work.But I plan on returning to real estate when the economy improves - that's how much I like it.

It is about 51K$ per year.Check here www.indeed.com/salary?q1=real+estate+agent+&l1=CA

Saipeople
www.saipeople.com

Real estate is commission based only for the most part.Income depends where you sell or rent.Do you sell only or rent as well.Do you also do commercial real estate sales and rentals.Are you in a big city like New York, LA or Miami - or in Okihokimanoki, Wisconsin.Are you a newbie or experienced. Do you work in a small storefront or a brand name like Douglas Elliman, Weichert, Corcoran, and others.If your family is in the business and provide you with leads and connections then, yes, you may make well over 50,000 per year. I would not take anything that a recruiter or headhunter has to say seriously.I would speak to a seasoned real estate professional who does this for a living.

Brandi J in Ceres, California said: You really have to be good at selling to survive in a market like this. My husband and I both have our license but he is the only one using his. I am a full time student and get paid by the miliatry to go to school. He was selling new homes here in California for the last 5 years. We have been through 2 lay offs and at the end of last year he finally made the transition into resale. He works for a company called Zip Realty. They are internet based and provide you with your leads. He gets about 3-5 new prospects a day sent to his phone via the internet. Everytime a new client signs up on Zips website they are assigned to an agent in the area. The agent has a certain amount of time to contact them by email or phone. It is an awesome system which provides many leads without spending extra time running around knocking on doors and bothering family and friends. It is still too soon to tell how this year will go but so far he is staying quite busy even in this petiful market.

Good luck in whatever you decide to do. Im not sure where all Zip is located but I would say they are a great choice if they are in your area. You don't have to come up with a bunch of money for start up costs like most real estate companies since they provide all of the marketing for you. They also give you an allowance for fuel and office supplies each month! I can't say enough good things about them!!!

Hello, I am curious how zip realty is working out? Thanks

It is going really well. My husband is loving it and I am getting ready to start working for them too! Great company!

I appreciate the feedback, I worked in mortgage lending for the past few years and I am looking for a change myself. I interviewed with Keller Williams and there are no leads provided and they want me to come-up with a database of friends and family. Thanks again.

Brandi J in Ceres, California said: You really have to be good at selling to survive in a market like this. My husband and I both have our license but he is the only one using his. I am a full time student and get paid by the miliatry to go to school. He was selling new homes here in California for the last 5 years. We have been through 2 lay offs and at the end of last year he finally made the transition into resale. He works for a company called Zip Realty. They are internet based and provide you with your leads. He gets about 3-5 new prospects a day sent to his phone via the internet. Everytime a new client signs up on Zips website they are assigned to an agent in the area. The agent has a certain amount of time to contact them by email or phone. It is an awesome system which provides many leads without spending extra time running around knocking on doors and bothering family and friends. It is still too soon to tell how this year will go but so far he is staying quite busy even in this petiful market.

Good luck in whatever you decide to do. Im not sure where all Zip is located but I would say they are a great choice if they are in your area. You don't have to come up with a bunch of money for start up costs like most real estate companies since they provide all of the marketing for you. They also give you an allowance for fuel and office supplies each month! I can't say enough good things about them!!!

Hi Brandi just came around you reply just want to ask you how the things going with zip realty for you husband? i just interview with them they seems really different from the rest, my only consern i have a 3 year old and cause u are employee there, i am not sure how flexible they are if u need some time off i mean how crazy the ordinary day gets
thanks
p.s. i live in orlanso fl brand new agent

fcprop in San Diego, California said: I appreciate the feedback, I worked in mortgage lending for the past few years and I am looking for a change myself. I interviewed with Keller Williams and there are no leads provided and they want me to come-up with a database of friends and family. Thanks again.

Hi there just wondering if u did go with keller williams i am trying to deside between KE AND zIP REALTY KW seems right for new agent like myself but its more expensive lots of fees up front!

natalia in Fruitland Park, Florida said: Hi Brandi just came around you reply just want to ask you how the things going with zip realty for you husband? i just interview with them they seems really different from the rest, my only consern i have a 3 year old and cause u are employee there, i am not sure how flexible they are if u need some time off i mean how crazy the ordinary day gets
thanks
p.s. i live in orlanso fl brand new agent

Keep in mind that your are spending your own money from some time to pay for gas, child care and incidentials a long time prior to ever bringing home one penny.

In a good market most people who started in RE could not last out the required 6 months.

Also, individual people (not commercial) are available at odd hours and in the evenings.
Do you have someone who can care for your 3 yr old "on the fly" without up front notice? If not you'll be in trouble.
Do you have child care for instant evening meets of your clients?
Instant NOW during the day? What about Sat.? Sun?

There are so many RE agents available no client/individual needs to wait for your schedule. YOU must be available for theirs.

Calculate how much you'll be spending before the 1st remotely likely opportunity you have to earn $ 1. then calculate how long they expect it to take before you "break even" on your up front expenses out of pocket. Remember at "break even" you still have not earned one single dollar.

Sorry link did not post properly Check out (url=www.joinkw.net)Join KW (/url)

Anyone considering a career in real estate right now should first do their homework. In addition to a "massive" existing supply of overbuilt homes previously sold to a "massive" pool of ineligible buyers, loan approval requirements will continue to tighten....for evermore. The millions and millions in "shadow inventory" homes; as well as, the additional supply from a near-future foreclosure and personal bankruptcy explosion will change the dynamics of the real estate business for a very long time. Watch as the current administration absorbs the growing excess inventories and then trickles them to market in an attempt to establish equilibrium in the housing market. I feel that even the very best agents will soon see $50,000 to $75,000 in annual income as the new "Top Agent" success. Not being negative...I just understand when 2+2=4. Best of luck!

It seems to me, despite the economy, that baby boomers will still be retiring at a rapid pace over the next decade, and many of them will be retiring to warmer climates, which hopefully means continued sales in certain resort/second home markets. Or am I crazy for suggesting that?

Hi there everyone i am new to real estate just got licensed a few moths ago i do have some questions though if anyone can help. Starting off as a new agent i know that it can be hard i do have a lot of good contacts but the only thing that i am a little worried about is that i am younger but my broker says that its not only a good thing but it will help me out with my generation as far as being a buyers agent. I feel very confident and also very thankful for my broker helping out and guiding me in the right direction i have only been working as an agent for a few weeks and i have two listing although they are just lots. Back to questions when the economy comes back to life i have a couple of contacts that own luxury home building companies with that being said has anyone ever worked as a new home agent or sales consultant for a home builder what kind of career can that be? I would go for a custom home builder if i was to choose that route. I am gettin a business plan together for my first actual year coming up in real estate i am bit nervous but i know i will do well. I am 100% committed and being young i have nothing to loose i dont have all the bills a normal real estate agent takes on every month. By the way i am 22 years old. Any feedback would be very helpful

Thanks