Question:

Should i go into real estate?

I am going to college for Graphic Design and definitely plan on pursuing art after college, hopefully in the advertisement field. But it really depends on where I end up settling down. I have a passion for houses and real estate seems like a great option that would allow me to continue my art while having a stable income.How much does a real estate agent typically make in a year? Should I just pursue the advertisement career rather than opting for a career in real estate? Are there any artists out there with advice?

Answer:

It's obvious that you don't know much about real estate. 1. We don't have salaries or a stable income. We live off commissions. So if you don't sell any houses, you make zero. It's not consistent and it's definitely not for the faint of heart. 2. There is no typical in how much we make. One year I made $18K and another year I made $100K. It really depends. Also, real estate is about longevity. Statistics show that 50% of new agents quit within their first year. Of the remaining 50%, 50% of them quit within 3 years. 80% of deals are done by 20% of agents. It's a cut throat business. I love it but it's definitely not easy. You don't sit there and money comes in. You work your butt off. My longest evening ended at 3am. Also, if for whatever reason a deal collapses, you make nothing. There's no oh but I did so much work! to complain about it.

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