How much $ do real estate sales people make per year during these economical conditions?
Posted on October 12th, 2009 in Renting & Real Estate | 6 Comments »
R. asked:
I want to get a real estate sales license in the state of California but don't know if is the right choice. Please reply, thanks.
Big Rig Repair
I want to get a real estate sales license in the state of California but don't know if is the right choice. Please reply, thanks.
Big Rig Repair
6 Responses
Semi truckchrome center
you will likely earn less than $15,000 net in first year. with risk of losing money. you pay fees and expenses to your broker. if you have minimal closings you can actually owe money.
how many jobs give you no benefits and could cost you moneyt? pretty cool uh?
Maryland homes
They are paid commissions on sales they close. Currently the housing market is weak, so real estate salespeople are not doing so well. Could be better next year, though.
In my area houses are now going for almost half of the price two years ago. It’s an excellent time to buy, but I already have one . . .
Peterbilt Accessories
My experience is people always need to sell and they always need to buy. Sometimes fewer people are selling and a bunch of real estate people give up- but the good agents just work harder and find new ways to sell.
I had a few months this year I did not sell much. But right now I am very busy with the last minute people trying to get the $8,000 tax credit.
December may be slow- but I have a few investors that don’t want to buy until the tax credit rush is over with- so I may be busy with them then.
But saying how much will you make? That is impossible to say. You get a percentage of the sales price of each home you sell.
Also you will work extremely hard the first several years building a reputation. One customer I am working with right now was sent to me by a buyer I helped over 15 years ago.
Torrance homes
Homes are still selling, just not as much as before. However, you get paid no matter what. If there is a loss, the seller is responsible. You still get your commission.
Also keep this mind, there are less agents today then at the peak of the market. For example: if at the peak there were 100,000 houses for sale and 20,000 agents, this would have been an average of 5 “sales” per agent. However, now there are only 75,000 houses for sale, but only 10,000 agents. This increases the average to 7.5 (vs 5), so you actually have the ability to make more money.
It’s hard work and a full time job, but after a few years, there is no reason not to be earning 6 figures.
Bozeman Real estate listings
Homes are selling, but unless you already have a great client base thi is not a great time to get started. The brokers are going to be feeding their loyal agents, you will be on your own to find them and there is no pay unless you can close deals.
Document Shredding
Hey R,
It’s like I told someone just recently. First, is this something you would really like to do? When you’ve figured that out, then you need to ask yourself if your really committed to making it work.
If you really want to do real estate sales, then do it! Let no one discourage you from going after your dreams. The current real estate climate should not deter you from doing what you want. I know plenty of realtors and others in the real estate field who are doing really good and making money today. Do you know why? Because they are high quality realtors and don’t let the winds of the economy affect them everytime it blows.
Get with a great real estate company in your area, let them help you with teaching how to be a top notch realtor and take off. Like anything, it takes a little while to figure out a new endeavor, but stay at it and you’ll be just fine.
A great place to meet others in the real estate field who can help you out is:
It’s a website that you can create a free account on and has a lot of realtors, investors, retail buyers and sellers etc.
I hope this has helped you and let us know if you need anything else and tell us about your progress.
Timothy and Mary