In 2014 the median gross income of Realtors® was $47,700, while those who have more than 16 years experience typically earn $70,200.
With shows like Million Dollar Listing skewing the public’s perceptions of agents’ earnings, it’s easy to understand why there may be some disconnect between what people think an agent makes and what they actually take home when it’s all said and done.
According to the National Association of Realtors® 2014 Member Profile survey, the median gross income of Realtors® was $47,700, while those who have more than 16 years experience typically earn $70,200. The question is, what can you do as a real estate agent to ensure you’re reaching your earnings potential? What steps can you take to earn more as a real estate agent?
While there are many real estate coaches and forums that suggest varying strategies for success, we’ve put together this list of the top 5 ways a licensed real estate agent can expand their business to earn more money. Not only will these steps help financially, they’ll give you further expertise and experience in your market – which in turn will help grow your business. Continue reading
Stay ahead of these common real estate agent mistakes so you can take your career further, faster.
The path to success in real estate isn’t always an easy one. Real estate can be a very complicated and nuanced industry that requires you to always be on the forefront of learning and growth. Be aware of these common mistakes new real estate agents make-and how to avoid them- so you can take your career further, faster. Continue reading
Each year real estate agents spend an average of $5,000 out of pocket on expenses.
When thinking about becoming a real estate agent, two huge benefits often come to mind: independence and potential income. But these don’t come without a price. Nearly every expense related to your business will need to be paid out of pocket.
According to Realtor.com, an agent spends about $5,000 out of pocket each year. And of course, the cost can vary greatly from agent to agent. Below is a list of the most common real estate agent expenses you’ll incur. Continue reading
Commission-based real estate transactions have been the norm in real estate for decades.
If you’re looking at starting a career in real estate, one question that is bound to cross your mind is just how commissions for real estate agents work. Though the commission-based real estate transactions have been the norm in real estate for decades, there continue to be misconceptions surrounding this system of compensation. Read on for an explanation of the most common components of real estate commission. Continue reading