how much money do you make as real estate agent?
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According to the Bureau of Labor Statistics, the average real estate agent earns $45,990 each year, but the range in income is massive. One-tenth of real estate agents earned less than $23,000, and 10% earned more than $110,000.
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Point in case; real estate agents can make a lot of money on a deal, and there is no reason you need to be the exception. If you get your real estate license and invest in properties, it is entirely possible to make a commission.
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A part-time real estate agent typically spends less than 30 hours per week on the job. You'll be competing against those who work 40, 50 or even 60-plus hours a week. To become a successful part-time real estate agent, consider: Creating a monthly business plan.
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Cost of Prelicense Education: $250–$300 The first step you must take to become a real estate broker in Washington State is to complete a 60 hour course in Real Estate Fundamentals and a 30 hour course in Real Estate Practice for a total of 90 hours.
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Closing costs are an assortment of fees—separate from agent commissions—that are paid by both buyers and sellers at the close of a real estate transaction. In total, the costs range from around 1% to 7% of the sale price, but sellers typically pay anywhere from 1% to 3%, according to Realtor.com.
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Depending on whether you are selling at home shows or community events (or taking direct orders) you can earn up to $27 for every $100 sold. Additionally, as your sales grow (and if you start to build a team) you will be eligible for bonuses and extra commissions, which start to add up pretty quickly.
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It may take a few months to complete the required 135 hours of Pre-Licensing coursework, find a sponsoring broker, go through the application process, and take the California Salesperson examination. California state fees to become a real estate salesperson include a $60 exam fee and $245 licensing fee.
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CIA agent salaries vary, but you can anticipate making between $50,000 and $95,000 a year, depending on the specific job, your work experience and level of education.
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Real estate agents are paid on a commission basis, as much as 6 percent of the sales price of your home. The exact percentage depends on the terms of your listing agreement, and sometimes you can negotiate it downward.
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The average real estate commission in California is between 5-6% of the home's final selling price and is typically split between the two agents handling the sale. Based on the median home value in California in 2019, that comes to roughly $30,232 — potentially more than half of your total home selling expenses!
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Total Cost to Become a Real Estate Agent Test Application - $31. Test Registration - $54. License Fee - $150 at most.
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The average salary for a Real Estate Assistant is $49,471 per year in Ontario, which is 7% above the national average.
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It can cost $500 to $1,200 to get a real estate license, including licensing fees, exam fees, background checks and pre-licensing education. The precise amount varies largely by state, however.
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A real estate agent helps his or her clients purchase, rent, or sell properties. They advise clients about market conditions, conduct walkthroughs, and provide guidance and assistance through the process of buying, selling, or leasing properties.
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Real estate agents earn an average yearly salary of $54,630. Wages typically start from $31,520 and go up to $113,430.
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Real estate agents are remarkably happy people. A whopping 53 percent of agents claim they are “very happy” with their lives, while only 33 percent of Americans can say the same. This means that real estate agents are 60 percent more likely to be very happy with their lives than the average American!
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The cost of selling a home can catch homeowners by surprise. A portion of your earnings will be spent on real estate agent commissions, along with an appraisal (about $400), repairs to the home, closing costs (about $500-$1,500 for sellers), moving expenses, and staging fees.