Do real estate agents really make good money?

Get Your California Real Estate License! According to the Bureau of Labor Statistics, the average income for Real Estate agents in the state of California is $73,450. California is one of the top earning states for Real Estate agents. Hard work is essential to high salaries, however.

Is it hard to make money as a real estate agent?

Much of the work of a real estate agent is done on the front end, long before you see any commission money roll into your bank account. Make no mistake: Selling real estate is not easy work, and it does require time. But people find success every day as part-time real estate agents, and you can too.

How do some real estate agents make so much money?

The vast majority of real estate agents are commission-based agents. That means that they earn most (or all) of their income when they sell (or help buy) a house. Generally speaking, when a person sells a house with the help of a real estate agent, the seller pays a 5-6\% commission on the sales price of the home.

Who is the highest paid real estate agent?

Top-Ranked US Real Estate Agent Ben Caballero Tops $2 Billion Volume – Again.

Why do realtors fail?

Three common mistakes that agents make is inadequate prospecting, failing to market properties in ways that lead to fast sales, and not following up with clients. Real estate agents must be motivated because generating leads and marketing listings takes creativity and hard work.

How much do top 1\% Realtors make?

Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

How many hours do real estate agents work?

Daily and Weekly Routines Nearly half (49 percent) work 40 hours or more. What’s more, over half (53 percent) say they work the same hours or longer today than they did their first year.

Do first-year real estate agents make a lot of money?

Most first-year real estate agents earn very little, primarily because they’re struggling to learn the business while they build a client base. They can rely on referrals from satisfied clients to continue building their business as years go by, and they learn other ways to attract clients.

What is the difference between a real estate agent and lawyer?

The big difference between real estate agents and doctors and lawyers, aside from the obvious, is that the pay is based on commission and performance, and not a salary. So a real estate agent will only make good money if they work hard and make sales; doctors and lawyers, on the other hand, tend to make big money more consistently.

Why do real estate agents charge so much to sell houses?

Real estate agents do not charge as much as they do because of the time it takes to actually sell a house. They charge a lot because it takes work and money to market, it is hard to get licensed and become a real estate agent, they have to pay for dues and insurance and real estate agents usually have to split their commissions with their broker.

What do you like most about being a real estate agent?

The real estate profession can be one of the most rewarding for many reasons. A few of the best things I love about being a professional real estate agent is the flexibility of my schedule, unlimited income potential, and of course, helping people with one of the largest transactions of their entire lives.