Do you make money in real estate in Las Vegas? At least 20k. Also is it a hard job?

Asked by Princessandangelmom, Las Vegas, NV Thu May 29, 2014

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Hank Lauzon’s answer
Hank Lauzon, Agent, Las Vegas, NV
Mon Jun 2, 2014
Hello Princess,..

The answer to both of your questions is "YES"...

There is plenty of money to be made and the work is very hard.
It takes patience and persistence to make it in this line of work.

You do not collect paychecks, and you are not reimbursed for your expenses.

You have to do your own prospecting, promotions and continually educate yourself for the benefit of your clients...

Whats the good news... If you can stick with it,.. the pay is good and the final outcome is helping people.

I would be happy to discuss this with you if you are serious...
What a new agent really needs in this business is a strong broker who is willing to educate and guide the new agents. A company who really cares about their Realtors

Here is a video presentation for the brokerage that I work with...
http://www.hankslvrealestate.com/Web/AR463883/Blog/post/?pos…

If you would like to learn more... I'm easy to find...

Hank Lauzon III
Signature Real Estate Group
9525 Hillwood Drive #120
Las Vegas, NV 89134

Cell 702-449-0899
Fax 702-799-9598

Web : http://www.HanksLVRealestate.com
Email: HankLVRealestate@aol.com
Facebook: http://www.Facebook.com/HanksLasVegasRealEstate

Never look down on anybody...unless you're helping them up.
0 votes
Yanoska Diaz, Agent, Miami, FL
Fri May 30, 2014
We got to make one thing clear now. On another question you said you will settled for $10K. Don't push it!
1 vote
Flag Fri May 30, 2014
Brian Kurtz, Agent, Dearborn, MI
Fri May 30, 2014
Looking at the quick data on Las Vegas it looks as if the average sale price is close to $160,000.

Where I live the "average agent" is closing just 6 transaction sides per year. But that figure is pulled WAY down because of all the people who hold a license and close just one or two deals that fall in their lap each year from friends or family. It's "fun money" or "vacation money" that just shows up for them.

Real agents who are working this full time are going to close a minimum of 12 deals per year with MOST hitting between 12 and 24. The majority don't do more than 24 for whatever reason.

If you took the average sales price of $160,000 for your area and even factored in a cut commission of 2.5% on one side then that would be $4,0000.

If you are on a split w/your broker until you pay them $10,000 then are on 100% after that it would take 5 deals to pay off the broker and get to 100%. So for the first 5 deals closed you'd make $5,000. If you only closed 12 deals in a year, then you'd have 7 more at 100%.

So (5 closed sides x $2,000) + (7 x $4,000) = $30,000 per year. I'd bet that's what most agents in Vegas who are doing things "full time" are making.

So yes....they probably earn more than $20,000. Someone closing 24 sides per year (just two per month) will more than double that figure and generate about $81,000 worth of income. Oh, and yes...the job is not easy and the hours are long. If you're new and you're closing 24 transactions per month then you are pretty much guaranteed to be working 50 hours per week or more to make that level of business happen.
Web Reference:  http://briankurtz.com/
1 vote
Annette Law…, Agent, Palm Harbor, FL
Fri May 30, 2014
Princess,
I regret to inform you that all the 'easy' jobs are gone.
Even those jobs paying $7,000 a year are incredibly difficult and demoralizing.

I am happy to inform you that those who are willing to work hard, learn new skills, have the courage to get outside their comfort zone, a world of opportunity exists.

Sorry, their is not school of magic or self improvment video that results in a truck load of money being dropped at your front door. You ARE going to have to work HARD for the money you earn.

That is the pathway to financial security and success. The perfect work is defined as doing what you want, when you want, with whom you want. Success is defined at the number of lives you effect.

A career in real estate can provide all of these, but it has proven TOO HARD for most.
1 vote
Mark Fleysher, Agent, Las Vegas, NV
Sat Sep 6, 2014
Princess,

There are currently about 12,000 agents in Vegas, half of them aren't closing a deal a year.

Yes, average commission is between $4k-6k, but the average agent is making @ $40k / year.

I've personally closed over 50 transactions in the last 6 months.

To learn my secrets to success is not magic, but it does take the right systems and consistency.

This Wed I'm hosting a free seminar at Simon at the Palms, BECOME A LISTING MACHINE,
here's how you can RSVP:

http://listing-machine.eventbrite.com/?aff=trulia

Cheers - Mark Fleysher
0 votes
Robert Adams, Agent, Henderson, NV
Mon Jun 2, 2014
If you are a full time real estate agent or looking to become a full time agent that is looking to join a team that can provide you with leads and/or training please let me know. We have more leads than we can handle and we are looking to bring on one new team member. If you are interested please email your resume to RobertAdams@LVrealestateHELP.com You can read more about us on my LinkedIn profile: http://www.linkedin.com/pub/robert-adams-dual-licensed-real-… or on our website http://LVrealestateHELP.com


Best Regards,
Robert Adams
Dual Licensed Real Estate Broker NV#62827 MA#9530304

NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com

MA Broker at Sankey Real Estate
C: 508-250-0345
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com
0 votes
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