Hey guys, I have a few questions about the real estate business. I am going to school to become a real estate agent and will be obtaining my license soon in the state of Maryland. My questions are: What is your annual salary as a real estate agent?How many houses do agents typically sell each year?How long did it take you do sell your first house after receiving your license.And what should i expect while in the field?I know most of my questions depends on the state which you are located in and the work that you put in, but id still like to know others experiences. -Thank guys
Real estate agents make between $23,195 - $108,227a year.
Salary? LOL Selling real estate is a 100% commissioned job, there is no salary. Its also self employment which has expenses. There is no typical in real estate since many sell very few to none, while others do very well. Half the people who enter the business in a given year, quit the business within that same year. Personally once I was licensed fresh out of real estate school I felt ready to take on the world and didn't realize I knew practically nothing about how to succeed in the business ready to commit full time. I also worked as an apprentice auctioneer (real estate auctioneer) when I first began so I was able to get a small share of commissions from the auctioneer I worked for, but didn't sell my first property until I was 5 months in and didn't get paid on it for another 6 weeks. I think I sold 5 houses my first year, when I was certain I would be able to at least sell one a month. The second year was much better because by that time I understood what it takes to develop business.
