Real Estate Agents Tips on What to Expect Entering the Real Estate Profession

If you are thinking about entering the real estate profession, here is a few things that I have found out when I entered real estate. You might think that all real estate agents are paid well for what they do. In this profession it is either feast or famine. That's the sad truth and it's hard to realize. Depending apon your area and how lucky you are you might just starve so much that you end up quitting real estate within the first year. The market last year bottomed out and thinned out a lot of real estate people.

Like I said earlier, you might just think that we real estate people are paid a little bit too well for what we do. What you have to realize is that we market, find a buyer, and if things go right we also do all the paper work and take the closing heat for you. Most real estate companies end up putting about 30% of their money earned back into marketing your properties. We advertise nation wide and try to get your property in ever single thing we can, weather that be a magazine or local paper, on the internet, over the radio, doing open houses. All of the money used for the marketing process comes out of our pocket. Then we finally get your property sold and we get a commission, now you have to think 30% of that goes to advertising and 30% goes to Uncle Sam. So we get to keep 40% of what we did all that work for which isn't bad but its still not as much as most people think we get. Most people think that we get the full commission to keep in our pocket, which just don't happen. I kind of wished that it did.

You also have to think about what happens when we don't sell a house for a month or maybe longer. If that happens then for a whole month we do not make any money at all. So that would cause us to starve and possibly change jobs. Most real estate people understand that this is going to happen so we budget ourselves properly. Every once in a while there is that time when I don't and it's a big race to try to make some money before all my bills start eating me and stuff starts getting cut off. Now I know for a fact that if I was living in a big city with lots of people buying houses all the time that I would not have to worry as much bout not having closings as often, but I live in the country sort of. In the country we average about 2 to 3 closings a month per agent and out of each closing I usually get about 700 dollars. Now if I only get to pocket 40% of that 700 dollars. Then I get 280 dollars to pocket now times 2 is only 560 dollars for a whole month I know some people working on minimum wage making more then that. Now you might ask yourself then why don't you get a normal job and make more money. I would respond to you that I have gone through all the test and became a professional at what I do, so I don't want to throw all that away. Plus I also like the job of meeting new and interesting people every day.