Question:

Real Estate Company question?

Is there such thing as a real estate company? If there is then what do they do? How can I start a real estate company and how much will I make, will I be rich? What are the steps to opening up my own company and be the owner.

Answer:

Ok, so you're obviously very young. It's good you're asking questions. First things first, you won't just be rich selling real estate, though you can certainly get rich if you want to. A real estate company employees real estate agents who represent both sellers and buyers in real estate transactions, i.e. selling homes, commercial properties, government properties and a lot of other types of properties. Traditionally you would first have to become an agent and get experience long before you would open up your own company and higher other people. A real estate agent gets a commission when a property is sold (usually 2%-4%), often the buyers agent and the sellers agent will split the commission. The agents work for or contracts with a Real Estate Company and the owner/s of the company get a piece of every agents commission. If you have a big agency or an agency which specializes in high-end homes or commercial properties (or other niche real estate services) and you are successful you can become very rich indeed. Then again, it's a lot of work, making a lot money is not easy, if it was everyone would be doing it. However, you can do it if you want to, most people don't believe in themselves or were brought up not to believe they could achieve great financial success. Do some googling to find out more information on real estate.

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