I live in Philadelphia, Pa and just started taking real estate courses and would like to know what they make a year on average?
How much do real estate agents make a year when just starting off?
March 10, 2011 by
The Real Estate Wave
I live in Philadelphia, Pa and just started taking real estate courses and would like to know what they make a year on average?
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Be prepared to make VERY LITTLE for the first year.
it depends what neighborhoods you are selling in. the housing market is down so you wouldnt be making much at all. in fact, you may make nothing for a long time.
You work on commission so it is hard to say.
A lot depends on how well you prospect in getting clients. Starting off is very slow for a new agent. Be willing to get with other agents and ask if they will be willing to let you set in open houses for them. I know my first two years I sat and held open house’s 6 days a week till I got my client base working. Most agents hold a house open on weekends only, but for myself by setting in a home 6 days a week by the end of the year it brought me 1.5 new home sales per month by the year end,besides the used home sales, and the listings I picked up in doing so. Good Luck
A really good estimate is ZERO, unless you have a bunch of friends and relatives looking to buy/sell very soon and they don’t mind helping you cut your teeth. Plan on having an alternate source of income for at least the first year.
The first year I am sure the average is less then zero. They are more likely to be out of pocket 5-6k for all of the fees involved.
The average agent only sells one house a year, and that is figuring in all of the ones that sell hundreds.
Only about 10% of agents are good enough to support themselves, most have a partner that that rely on as they give it a go.
Well I don’t live in phili. but i have only been selling real estate for 6 mos. and have already had 2 closings and cleared about 5,500.00 but i also have 7 listings.And 2 contracts in the works. It’s not going as quickly as i hoped. But it’s a good learning pace. I love this business. It’s Great. hope this helped somewhat. Chin-up you’ll do fine.