A real estate agent is paid commission only
clearly does not understand what the real estate profession is all about. This is made obvious to me when I get asked this question by people who want to get in the business when they see a few Realtors making tons of money.
Jan 30
20150
commentsIn Real Estate Agent, Real Estate Career, Real Estate Client, San Francisco Real Estate
Do You Have What It Takes to be a successful real estate agent?
I have been approached by many real estate agent wanna bes. This is the advice I give to those considering changing their careers:
Obtaining a real estate license is fairly easy, but landing a sale and actually getting paid is much more difficult. Real Estate is 100% commission-based. This means that if you don’t make a sale, you don’t get paid. Not one dime. Unless you are very lucky, almost everyone struggles to make their first few sales, and work up a consistent selling strategy. As per my experience, I recommend having at least a year or two of savings to tide you over as you get your feet on the ground. It is important to note that, as with all beginning entrepreneurial careers, you should expect to put in long hours – at least sixty hours a week for the first three to five years!