How Do New Real Estate Agents Make Money Fast. Two ways exist for a real estate agent to make money off selling a home. While it does not require lengthy and expensive degrees to become a real estate agent it can take a while to get established in the industry.
Its a lot harder to get started than most people realize which is why the failure rate for the first year in the industry is north of 70. Agents earn commissions on the sale price of the property. In Seattle an agent could make 217950 in a year if they sell 10 homes 21795 per home x 10 homes per year.
You need to make it a priority to learn your craft.
Its a lot harder to get started than most people realize which is why the failure rate for the first year in the industry is north of 70. Commissions make up virtually all of a real estate agents revenue so when they start making money depends on when they start making sales. Many times real estate agents will not communicate with their sellers on a weekly basis thus not being able to get price adjustments. Its possible to make enough to get by but its unlikely that youll make good money right away.
