Today we talk about one of the most important things for any real estate agent what they think about how much does a real estate agent make.
Money we love it we all love it we need it we needed at any point of time right we want more of it we want to spend it we want to we want to smell it right and as a real estate agent you’re probably wondering how much of this can I actually make at any point of time.
what is the salary of a real estate agents what is the income of a real estate agent and can real estate agents really become massively rich. Now whatever you have been told in the markets real estate agents make money in different ways but there’s one primary way that real estate agents make money.
Simply commissions yes they get their earnings through commissions and how do they get those commissions very simple they get those commissions through the fact that they sell a property and then through selling that property from the sales value there is a 1 2 3 4 percent that basically goes to the agency and from that agency usually a piece goes to the agent that sold it and a little piece stays at the agency.
On Average Real Estate Agent Salary
Now the question you might have is how much can an agent actually make well that of course all depends on how much can an agent sell and buy for their clients because of course the more that they sell them by the more money that they can make and eventually as they get more productive more performing and they get better results they simply just get more money.
Now let’s go a little bit to the numbers right because the numbers are very important on average in any country in the world agents make different amounts what they earn in the u.s. what they were in Asia the early Europe is all very different from each other but there’s one thing that is very similar that is that when should get started as an agent started the money is not that much you know you have to kind of build yourself a business in the real estate before you really start getting those big bucks to get those big bucks you need to understand how real estate works you need to create your skills you need to know how to buy and sell in this market but before you get there you probably will get through some let me call it not so easy times and not easy times mean sometimes you will lose a sale you will not have enough clients you have to get into that routine but once you get into that routine Wow real estate is really an interesting business why simply because the sales volume is very high you’re selling one hundred thousand five hundred thousand 1 million five million dollars worth of value in real estate.
How do real estate Agents get Paid
If you get a piece of data Commission then you’re very close to that transaction and that means that you can get make a lot of money some transactions you can make five thousand 10,000 15,000 buy back you know some agents I know that can make forty to fifty thousand per deal.
Now here comes the most important thing why we are write this article in helping you understand how much money does a real estate agent actually make that is a real estate agents has to understand that money that comes in is not 100 percent in the pocket because you as a real estate agent are running a business and as you’re running a business from that money there will be expenses that will have to pay for that business.
That means you have to understand that the more money you want to make or actually I have to say the more money you want to earn means also are you investing back in the business because investing back in that business means you can get more leads you can get more clients you can get more business and more business means more sales more sales means more Commission and more Commission means you can keep growing.
Now real estate professionals out there always come into the real estate with the mindset of I want to make money I want to make more money that’s completely fine but start asking yourself also of what type of business do you want to build, do you want to be alone in this business or do you want to build a team do you want to build a small team where you want to build a big team and as you want to build those teams how much are you willing to invest.
Now we all have to start somewhere so the first thing that you just need to start with is that first deal and after that first deal comes the second deal and after the second comes the third deal as you will progress in those steal and progress means happiness so the more deals you make the more happier you are you will get confidence and as you get company you will make more money.
The Millionaire Real Estate Agent
Most real estate agents out there that I know start all with simple commissions like five thousand to ten thousand for every deal that they make but as you start growing that can go towards 15,000 20,000 50,000 and doesn’t matter in which currency because all the countries have kind of a same commission standards it all works for percentages at the end of the day you just need to figure out how much of that money are you going to use to push back into your company and let it grow a little bit more.