How Much Can You Make As A Real Estate Agent?

 

A 9-5 job may not give you the results that you desire. You are now looking for a different path. A path that will help you build your brand and maximize your growth potential is what you are looking for. Real estate is a highly competitive market and you are curious about how much you can make as an agent.

Only you can determine how much an agent might make. Agents are the best at making money through referrals, repeat business, and their personal networks. It's a snowball effect. One hundred-person agent might be able make five sales in one year. Five clients might recommend a friend to the agent if they were impressed by the agent. It's possible to convert 5 sales into 5 more. This is a never-ending process. A career as a real-estate agent can take years. Your industry knowledge will impress people and they will trust you. You will be a person they Real Estate Agents Near Sedona want to talk to the next time they meet. Your success depends on the relationships you develop. You have the responsibility of being the first person people call when they have questions regarding real estate in your area. Most people looking to buy or sell a house know at least one agent. However, that doesn't mean they won’t use an agent for any transaction. Trusting someone making large investments like real estate requires more than just a license. Most agents don't earn their living solely through their real estate business. They may be friends with many people but they don't think about them when they discuss real estate. Add a sales mindset to your resume and you are good to go. As an agent you won't get used and will have to look for another job.

Many factors influence the amount of an agent's earnings. A good market will make it easier to make more money. Your homes will be valued based on the average income of your network members. You can sell anything they can afford if they make $60K per annum. You can sell whatever they can afford if they earn $1million per annum. If you're hardworking and have lots of knowledge, repeat business will be yours. Extroverts are more likely to make more sales and build more relationships. Your livelihood is dependent on these and other factors. Agents can earn as little as $10K or as much as one million dollars annually. It all depends on the individual.

If you are looking for answers, here are some concrete numbers.

The standard commission on the sale of a house is 6%. Unless the buyer is represented, the standard commission is split equally between the Listing agent and the Buyer's agent.

Brokerage commission splits can vary from 50% to 80% of commissions earned (meaning you take home between 50 and 80 percent of your commission). There are always exceptions to the rule.

A home purchase closes in approximately 30 days from the date the contract is signed. This is except if the buyer pays cash. Your commission will not be paid until the closing.

Each real estate agent is responsible to their own destiny. You might still be interested in a career working as a real-estate agent. You will first learn how to overcome discouragement. You will find the rest rewarding just as well!