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By Bev Meaux, Bev and Bob Homes | Agent in Livingston, NJ

3 of 6 Mistakes Seasoned Real Estate Agents Need To Stop Making With Their Money

There are 6 mistakes seasoned real estate agents need to stop making with their money if they ever want to increase their take home pay.

These are the first 3

1. Stop Treating What You Do As A Job
2. Stop Running To Increase Your Split
3. Stop Paying Your Company For Online Leads

What mistake would you add?

It's almost October, which is around the time many real estate agents think about how much they have made and how much it looks like they will make by year end. It's the time when you start to re-evaluate where you are ...

... Read More at ... http://bevandbob.realgeeks.com/blog/3-6-mistakes-seasoned-real-estate-agents-need-stop-making-their-money/


By Christopher Crosby,  Thu Oct 24 2013, 07:09
I will add to this, 4. Not getting the advice of a good accountant! It's so important to know what's going on with your taxes, setting up quaterly payments, understanding write-offs, etc. Whether or not you use an accountant to file every year, at least meet with someone initially to get a leg up on your financial situation.
By Bev Meaux, Bev and Bob Homes,  Thu Oct 24 2013, 11:30
So, so true Christopher. Our Keller Williams office is holding an Agent Financials class next week with an expert. We have to know for tax purposes and also for business planning purposes. Too many of us just think of selling a house instead of running a real estate business for ourselves. The more I get better with this mindset, the more money we make.
By Akil Walker,  Wed Jan 22 2014, 05:30
I totally agree with #3. Do it organically!
By Judi Monday, CRS,  Wed Jan 22 2014, 07:00
#4 -- find the best tax expert you can and make sure you are meeting with them on a regular basis to maximize your tax deductions.

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