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How many houses do you sell a month?

I would like to be a realtor. I love houses! I play this game called "Bloxburg" I design and build houses. I would love to become a realtor one day. #realtor #roblox #bloxburg #housedesigner #real-estate


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Derek’s Answer

Hey Keon,

Real estate is the best market to be in, but can be very difficult to get started.

Let me share this, the biggest board game ever in history is based of real estate (Can you guess) - Monopoly. Monopoly helps us learn at the very young age of 6 that money is found in the buying and selling of properties. Now unless you deal with clients that want to pay all cash for every property, each transaction will require an agent to represent them. That is where you would come in.

Now depending on how much you want to network and the type of brokerage you will hang your license, will determine how many properties you will have in contract each month. Some months, you won't have anything. Others, you will have ten. It all depends on how you market your brand. Social media is a great place for this. Friends and family are wonderful places to start buying and selling for. They will help get experience and will market your results afterwards. Your brokerage may charge a monthly fee to send you leads or take a percentage of your commissions to get leads. Lots of different ways to build a pipeline, but will take a little while to get going.

One final though on real estate is that it can be a great second job while you earn enough income to go full-time. Because you are your own boss and can plan your day around your full-time job, it allows you to work somewhere else while you build and market yourself. This has been the best path for my family, as both my wife and I worked full time jobs while doing real estate. She is not full-time real estate while I work full-time until we are prepared for me to go full-time.

Your game that you mentioned is around building and designing homes, a whole different ball game in real estate, but obviously needed. I am not as familiar with that career path, but should you have any specific questions on what life in real estate is like, I am happy to help!

Best of luck!

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Terrence’s Answer

Hello, I haven't been a real estate agent in quite a few years but when I was I would shoot for one or two houses a month. The commissions are good depending on what your split is ( you're broker gets a percent of what you sell) so what you make also depends on the sales price of the house. There are people that are selling 3 or more houses a month.
Hope that helps!

Terry

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Michael’s Answer

Hi Keon, currently I’m switching my business model from rental properties to renovation fix and flip. I’m not a realtor,I’m in investor! but I have dealt with hundreds of realtors over the years. That’s very good that you have an interest in homes. Any young people don’t know what they want to do.

Once you were 18 I believe you can get your real estate license. I would start doing as much research as possible. If you get your license at 18. People are going to be a little leery because of your age. But you can offset that by having a vast knowledge of your chosen profession. Another words do your homework and be prepared. Real estate and business is all about forming relationships and trust with people! It’s not about how many houses you can sell in a month. Good luck!
Michael

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Melissa’s Answer

Would also consider interning/taking an entry job in commercial real estate (working for capital markets brokers, developers, institutional investments/asset management firms, etc.). When you're just starting out, working under a larger firm can provide you with robust training and help build your network. By no means a requirement to be a realtor, but gives you an opportunity to learn the numbers and return drivers behind real estate, what's going on in the market across sectors and practice soft skills in an institutional setting. You also typically get compensated with a base salary versus purely commissions, which is a nice safety net when you're just starting out!

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Alasia’s Answer

Sometimes none. It’s going to take time to build your brand/name/client base. It’s not like HGTV. It’s slot of selling yourself, phone calls, etc. first.

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