Cause I'm thinking of becoming one. Here in MD the average house is around $450,000. Sales commision is around 3% so you'd be making 13-15k on average per house sold. Any inputfrom people who are realitors or know realitors? What are the pros and cons of the job?

 

Maybe in frederick county the average house is 450k but in washington county its now 275-300k for a 3br/2bath on two acres they were higher say 350k a year ago but it has slowed quite a bit up here. We have 20 acres a 3br/3.5bath with creek frontage along about 1000 ft and a 30x60 Morton building and would be hard pressed to get more than 700k

 

Is your land considered swamplands since it has a creek?

 

Study hard,Do right by your clients,be prepared to work lots of 70 hour weeks,and weekends.Have a bundle of cash to fall back on ,it will take a long time ,maybe two years to get established so you will need the cash to get you to that point.
As to the 3percent that is before your split with the broker if that is the way they do it where you are.Some offices have desk fees so that comes out of your commission.In other words it aint all gravy and by all means not a walk in the park.After a few years if you can stick it out,spend a good portion of your comm. on promotion,marketing etc. you might pull down 100k-150k.That is if you stick it out.
ohlord

 

What ohlord said is true you will receive 1/2 of the 3% or one and one half percent of the sale price unless you both list it and sell it. For instance if someone says they are a million dollar producer that means they just earned $15,000 average on the sale of a $1,000,000 home if they list and sell that home they are a $2,000,000 producer or $30,000.

 

You can do better repairing MBZ's. Real estate is now in the trenches and not predicted to recover for two years. Blame the lenders, or anyone else. It's still zero for you. Good luck.

 

When the banks would lend 106% to a unemployed , 525 FICO and the borrower had no assets they deserve to be in the mess they find themselves in. I just hope we the people do not have to bail the banks out.

 

By the way, how are things going with buying a new house now, buddies? I don't know about everyone else, but I found a new good quality home with a lot of difficulty this summer. Property prices in my area have gone up a lot.

 

I won't argue about prices... This is obvious to everyone who has been following the topic, living in Canada for the last 10 years. But this is a basic need because the peak demand continues to grow. I already have a house so I'm more concerned about preparing for winter than anything else. This year is planning to get cold and I decided to take time for installing basement windows - https://thwindowsdoors.com/the-basic...ement-windows/ It seems to me that this was the most successful idea that came into my head this year)

 

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