Comments on: real estate agent avg. income?

By: newmexicorealestateforms

newmexicorealestateforms — Thu, 26 Nov 2009 22:42:59 +0000

There is really no way to tell you averages but I can sure give you what the government says it is, on the link I’m giving you you’ll not only find description of the job required but the so called averages the government has come up with, I don’t know how they did it, but the government is never wrong; right?. Here
U.S. Department of Labor Bureau of Labor Statistics job descriptions: http://www.bls.gov/oco/ocos120.htm
Buena Suerte
References :
http://www.realestateformnm.com/ResearchLink.html

By: Gitchy gitchy ya ya da da

Gitchy gitchy ya ya da da — Thu, 26 Nov 2009 22:15:59 +0000

"Average" realtors don’t make nearly enough to compensate for the long hours, car expense, etc.

Very good realtors make 200K/year or better. But they still work 80 hours a week.

Not-so-great realtors don’t last a year.
References :

By: Manny

Manny — Thu, 26 Nov 2009 22:10:59 +0000

you can’t go by averages, because they include people with Realtor licenses that aren’t active.

however, as a realtor, you should expect to make no less than 75k/year. Many make WAAY more than that, like 75k for selling just ONE house.

Also, if you plan on going in to this line of work, make sure that you’ve made arrangements to not make ANY money for at least 6 mos. Whether it’s living with parents/friends/significant other, or if you’ve saved up enough dough. It can take months to sell a single home (especially in today’s buyer’s market), and then at least 30 days to close, when you’d get your cut.

The thing about a commision only sales plan, you get out what you put into. If you are resourceful, good with words, make friends easily, can follow a procedure or create one for yourself, then you should do very well.
References :

By: CMR2006

CMR2006 — Thu, 26 Nov 2009 22:05:59 +0000

There is no way to give you an average. There are a lot of determining factors:

1) Commission charged by the agency.
2) Agent’s split with the agency.
3) Number of homes the agent sells (whether for buyers or sellers).
4) Market conditions: buyer’s or seller’s market

These are just the basics. Take away from the commission received: the split owed the agency, as well as all the other costs of doing business (advertising for the home, signs,…) and what may seem like a big number at first may not be so big after all. (Lets say on a $100,000.00 sale the agents profit after expnses and taxes could be as little as $400.00).

You must remember that real estate agents are independant contractors and must pay for their own taxes, social security, insurance,etc.

Most people think they make a lot of money for doing nothing, but in actuallity a lot of effort goes into selling a house, for not that great amount of money in return.
References :
Licensed real estate broker

By: tom jonz

tom jonz — Thu, 26 Nov 2009 21:35:59 +0000

There are many variables to this,sales person makes 3% on a sale. So if he sells a 100,000 house they make 3,000 sell one a week well you get the picture. The broker also gets 3 % on every sale the sales person makes. So the more you sell the more you make!
References :

By: linda z

linda z — Thu, 26 Nov 2009 21:20:59 +0000

According to statistics the avg agent (sales person) makes way under $100k a year. In LA, who knows? There are more people with licenses who think they’re going to get rich quick by selling real estate… then they sell one property to a friend or relative and reality hits… they then leave the business when they see how difficult the job is.
References :