The average full time Realtor in the US grosses roughly $40,000, this before any expenses. Realtors are self employed so depending on a variety of factors, (where you live, whether your married, what your partners tax bracket is etc) roughly 25-30% comes off the top for taxes. Then there's the license fees, MLS fees, office fees, gas, insurance etc. Everyone is different but figure as much as another 40% to cover this. This is why so many newly licensed Realtors leave the business.
Lastly, this is 100% commission work, there is no salary, so there's no guarantee you'll earn anything. I advise anyone considering real estate to have enough money in the bank to support themselves for a least 6 months, if you don't then your chances of making it decrease dramatically. It's not nearly as easy as many people think it is to make in in real estate and most of the people you know in real estate earn considerably less than you imagine they do.
That said, real estate can be extremely rewarding and there are those of us in the business who earn a very solid 6 figure income, but it is a business and needs to be treated as one. My advice to any new Realtor is to find a successful, experienced Realtor to mentor with for the first year or two, this can make all the difference in the world in terms of whether you make it or not.
Hope the answers below hlep and best of luck to you if you do decide to give it a try.
The average income of a Realtor in the US is approximately $47,700 annually, so it's better then what you are making.
It can be "super hard" if you don't get the hands on training you need to serve your clients competently and gain referrals from them. Why not try some of the required course in Jr. College and see if you like the business first? Go online to the Department of Real Estate for the state of Nevada to see what the requirements are in your state.
Dual Licensed Real Estate Broker NV#62827 MA#9530304
NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
MA Broker at Sankey Real Estate
"There is no substitution for hard work." After 25 years of hard work, he did get a lot referrals and repeated customers. That was just 40% of his business. The rest is marketing and often in expectant places.
I am the Manager in charge of operation and development for my company and looking to fill a Sales Manager position in Nevada either part time or full time. Please let me know if you do keep your options open or you may know of someone. Please inbox me.
Thank you and I wish you an incredible day.
But honestly, if $10k a year is all you want to make, real estate is probably not the career for you. You should be thinking about a goal of 10 times that. It will cost you more than $10k a year to be successful in this business.
The biggest mistake most folks make is thinking this business is easy. The second biggest mistake is not having at least six months of living expenses in the bank, preferably more. Or, if that's not an option, working another job while you're launching your real estate businesses. Many Realtors don't start hitting their stride until the end of their second year.
Come on in. The water is fine. Just make sure you can swim and don't be afraid of the sharks!
In short, the answer is that if you work at it full time and don't just sit around on Facebook all day but actively and consistently prospect, you should close at least 12 deals and make at least $30,000.