From: Gregory Morrow on 2 Aug 2006 16:45
David Horne wrote:
> Mxsmanic <mxsmanic(a)gmail.com> wrote:
> > barney2(a)cix.compulink.co.uk writes:
> > > Just two messages ago it was a few /weeks'/ work...
> > It can be either, depending on the property, the market, etc. Even
> > for a few weeks' work, $18,000 is pretty good.
> For the average realtor, that's half a year's wage.
If it were that easy to do, then everybody would be selling real estate. It
often takes quite a long time to become "established" in the field. I've
known beginning real estate agents who took six months or longer to make
their first sales -- in the meantime they had no other income coming in and
had to rely on savings, etc. for their living expenses. Then to get hired
by a realty agent is another hurdle...
The money can be good but it has a lot to do with sheer luck and
timing...you can go a long time between sales and thus have no regular
income during those periods. You have to "keep up appearances", e.g. have a
decent car, nice clothes, maintain office equipment, etc. so you have those
fixed business expenses.
From: Gregory Morrow on 2 Aug 2006 16:47
The Reid wrote:
> Following up to JohnT
> >>> $18,000 for a few weeks work doesnt sound that wonderful to me
> >> It's over $300,000 a year, which is better than doctors and 747 pilots
> >> usually manage.
> >And at least $299,999.99 more than your net worth.
> has anybody bothered to ascertain the operating expenses? I
> assume the *commission* is not a *salary*, it is income to offset
> against expenses. Like running an office during Xmas with no
See my post above :-)
From: dgs on 2 Aug 2006 16:48
> I'm not good at sales.
You just answered your own question.
From: dgs on 2 Aug 2006 16:51
> Why did Mixi cross the road?
To whine about the lack of air-conditioning on the other
(and European) side.
From: Mxsmanic on 2 Aug 2006 16:54
David Horne, _the_ chancellor of the royal duchy of city south and
> What's the median salary for a US realtor, Mixi?
About $49,000 in 2004, but it varies hugely from time to time and from
place to place. A typical real-estate agent might sell a couple of
homes a year. It's not much work for $49,000.
Note that not all real-estate agents are Realtors (R).
The Internet will gradually put commission-based realty out of
business, which is just as well for consumers, but very bad news for
people in real estate.
Transpose mxsmanic and gmail to reach me by e-mail.