All Forum Posts by: Johnny L.
Johnny L. has started 11 posts and replied 163 times.
Post: Real Estate Agent Median Income is it False?
- Colorado
- Posts 166
- Votes 44
Originally posted by @Jerry W.:
Hey @Johnny L., welcome to BP. On the average income I expect it varies a lot from location to location. Some areas one sale will put $50K in your pocket in others you might not make $1K. How many realtors in town and how fast real estate sells. There were about 4 agents in town when I moved here, but nothing was selling, now there is about 15 and the population is possibly lower, but there are a lot more sales. When I first moved here realtors were starving, everyone was leaving town.
So location does definitely play a role I can see! My current location is pretty populous and the average home prices I believe are around 200k. Thank you for the response!
Post: Real Estate Agent Median Income is it False?
- Colorado
- Posts 166
- Votes 44
Originally posted by @Rusty Scott:
The average agent closes something like 6 deals per year, which comes out to under $30k per year. It's why most agents don't stay in the business for long.
Thank you for the response! Is this from personal experience?
Post: Real Estate Agent Median Income is it False?
- Colorado
- Posts 166
- Votes 44
Hello fellow BP members!
I am a young aspiring agent/investor and want to get started in the business first as an agent. I was concerned at first reading that the median income for a real estate agent was roughly 39k a year. However I recently read an article stating that you can't really take that number seriously due to many part time agents bringing that number down as well as agents who really don't work that hard. Is this true? Have you seen this first hand? Is being an agent a lucrative career if you work your butt off and know that it will be most likely be a slow start?
Thank you in advance for your input!