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Enter your email address to receive our latest blogs in your inbox. Don't worry, we'll never spam you. I know, you think you know the answer to this question. But is that really the case? The brokerage has various legal obligations for example, maintaining the trust accounts for Buyer deposits , oversees the agents, and provides various services from reception, administration and showings coordination, to design, marketing and coaching.
Realtors in Ontario are not currently allowed to incorporate unless they form sub-brokerages , so tax rates are the same as regularly employed people. Not quite as glamorous as you thought, right? Like everything else in this world, there are people who excel and reach for the top, while there are others who struggle to get going.
Being a real estate agent is different than having a normal job with a salary. Sometimes you spend 6 months with a Buyer and they decide not to buy.
Sometimes you spend thousands of dollars on a listing and the Seller decides not to sell. With greater risk comes the possibility of greater reward.
You eat what you kill. The 6 per year is not from a full time agent. And, that is only at 1 per month. That more than most CEOs make. How did you get to those results? What advise can you give to someone who has just started his career in RE industry? What were your biggest challenges in the beginning? Hi Josh, I like your feedback on the article. Are you a practicing real estate agent? Could you comment on how many deals you think the average full time real estate agent makes?
Is it the 13 deals per year? Ange — Josh is out to lunch. The average full time realtor is doing deals a year.
Been doing this a long time. Josh should be selling houses for a living if its so easy and there is no work involved. Even a seasoned realtor would be thrilled with 2 deals a month, but one needs to take into consideration the advertising expenses much more closely. Josh has zero concept of real estate business practice. BS for Toronto in particular. Buying agents do very little or no work at all, especially when demand is already high for housing and prices are high as well.
And during the hot market last spring? We were averaging 6 offers per Buyer and 40 showings. You can make great income as a realtor but if you are doing it part time — you are a part time income. I call BS too, a friend of mine sold 5 houses last week and he is not even in the top remax seller for our province, he makes over k a year, and he works in Quebec where prices are not that high.
Your email address will not be published. Like What You're Reading? Is selling real estate easy money? February 22, at 9: I am calling BS. I thought you were above the BS fridge magnets. July 10, at 9: August 21, at 6: September 19, at 9: January 18, at 9: And what adveryising expenses are you referring to? November 16, at 4: June 17, at 3: July 10, at The Business Card Edition. Does Your Realtor Even Care?