Are you considering a career in real estate? Are you wondering what to realistically expect for a salary; especially in your early years? This article will focus on some answers to that question. We hope you will find this information to be helpful to you.
The kind of salary you can expect to make depends upon how much effort you are willing to put into your job. Typically when you are just starting out you will work for someone else. If you really want to impress him or her you will put as much effort into it as you can. Most realtors in this situation will make around $15,000 to start with. The job of a realtor is basically divided into two major functions. The first one is your actual real estate job. The second function is perhaps more important. That is to continuously generate leads for yourself. This is more difficult to do than it might seem. People do not buy or sell a home every day. When they are in the market for a realtor; there are oodles of them out there to choose from. So in order to stand out; you must be able to sell your services to prospective clients. Additionally you must create new prospective clients on a constant basis. Only by doing these things will you be able to prove your worth to your boss. Maybe then you will get frequent raises as well.
As you gain more experience as a realtor and your boss becomes more confident in you, your salary will increase. How much of an increase you will receive at one time in part depends on the reputation of the firm. If it is a top-notch firm that has a stellar reputation; both your starting salary and your increases may be higher. Additionally; if you continually produce for them and develop an excellent reputation in your own right, you will earn more money. A full-time realtor with a well-known company who produces fantastic results can reasonably expect to earn around $30,000 per year; even if not in their very first year. Remember; the harder you work the more money you will earn. This is true of any career choice, not only real estate.
The well-seasoned realtor with several years of proven experience can make a ton of money in real estate. These are the agents that are fully committed to their profession and love what they do. Not only can they get the clients in the first place; they earn the clients’ respect and trust. They prove to those clients that they can perform their job effectively for them. Therefore their reputation for excellence in their chosen field grows. Then they are the beneficiaries of happy client recommendations. THESE are the realtors that can command salaries of $100,000 or more every year. If you want to be one of these realtors; it is vital that you make the necessary commitment to the profession. If you cannot do this we suggest you choose a different career path. It is as simple as that!