How much money real estate agents make in a month

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Chastin J. Miles is a licensed TX real estate agent with eXp Realty

#realestate #realtor #realestateagent #realestateinvestor #realestateinvesting #realtorlife #realestatesales #business #businessowner #salestips #sales

[ChrisJourneyy]

I don’t understand why talking about money is so frowned upon. We need to educate our selfs with it or we will forever be broke

[NicholasBall]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[andrewwolf]

⚠️ ⚠️ It depends if you have a large sphere of influence and can work for a company where you pay no fees, and have a 90-100% split or if you are on a team and get leads because you can’t survive on your own, so you make 30-60% of your commission. Most new agents need a team because they don’t have a built in sphere of people ready to buy 15+ properties a year from them. So you can expect to make roughly 40k to 70k a year by your second and third year depending on which avenue you take. As an agent on a team you probably would make 3-5k per transaction depending on where you live and how much homes cost. But say you average 400k homes, you sell 10 and do 4 million in volume. That’s likely a slightly just slightly below average agent on a team and they would probably make somewhere around 45-70k for that amount of production.
I average around 25 sales a year for my team and I make 115-160k a year doing around 10-13 million in volume. If I did that on my own with a great split I would make around 250-325k a year. But I do not have the repeat clients and the sphere or network to keep myself afloat yet. I’m getting there though!!

[veronicaryan]

I dropped out of college last year to pursue my dream of becoming a real estate agent and it worked. It’s really worth it and I have no regrets. Been an amazing journey but it’s not as easy as I thought anyways

[romeothompson]

Never understood the whole “disrespect” thing when asking someone about how much they make I own a RV dealership I’ve been asked numerous times how much I make or questions like “is the business even worth it” “does it make good money” stuff like that and never once have I ever felt disrespected by that question

[stickshiftt]

Real estate agents DO NOT get the entire commission... it's split with the Brokerage company you work for and it depends on what you can negotiate with your company

[Hinkle]

80% of agents make less than $50k a year.

[nycthroify]

Don’t forget there are fees you pay. Marketing and broker fees to deduct

[_Jai_]

That “before fees” part though. Lol. Always a killer 😪

[Mr.RD]

As an agent, it all comes down to your market, splits, resources, and how bad you really want it. It will be 2 years since I became a realtor in December

[mariaguild]

Nice!! I just got my license My goal is to sell 4 houses a month!

[walkervjoseph]

Be careful saying “the commission rate In My Area, is ___” that could be mistaken for price fixing, which is illegal via the Sherman Antitrust Act. Commission rates are always negotiable! A better approach would be to say “the commission rate on these listings was __” or “I got a commission of ___ on these listings”.
Just trying to look out for you, keep up the good work!

[marka.arcenas]

You work hard and very smart. I like that in people to influence others to do the same

[joechilds]

This is not an easy answered question I've had a friend make 20k in a month and then not make shit for a month and half almost 2

[Joeh]

Now consider that RE Agents are independent contractors. As such they only get paid if they close a deal. The brokerage house they are required to work in partnership with get's a cut so, the net commission he receives might be roughly 70% of the total (might be less for newbies). After that he has to consider taxes, which do not get deducted from his commissions so put aside roughly 30% for that. The point is, the commissions he showed are subject to deductions before he gets his net commission.
It's a tough business and since there is no salary, sick days, holiday pay, vacation pay and you work until you actually get paid anything, it is not a business for those who think it all come to you magically. You really have to work hard for every dime. Statistically, 70% of all newly licensed agents will quit within 90 days never to return because they have not closed even one deal.

[growthcents]

Just started a real estate directory. Save and follow it to stay informed!

[JustMoneyish]

I like how transparent you are brotha, also keep up the good work !

[Real_Estate_Vincent]

You cannot say commission rate in your area. Commission is negotiable anywhere any time.

[iglesiasrealestate]

Congrats! Being a Realtor is the best feeling! Keep up the good work.

[Heluvsniccy]

Great tips on me learning about commissions before taking my course next year ❤