How much money do they make? For Realtors® and those considering a career as a licensed real estate professional, here are some vital facts about salary and the work involved, along with pros and cons of the industry. While it’s true that selling an average Los Angeles home sale often makes the agent around $25,000 per transaction, that commission comes at a price.
The average real estate agent only completes between 0 and 2 transactions per year. That does not add up to a lot of money overall for most agents, especially after they spend about $5,000 to $10,000 per year on education, training, coaching, license, professional fees, dues, broker fees, insurance, legal services, professional clothes, car, gas, parking and advertising. Many top agents spend more than $10,000 per year just on advertising and other marketing expenses.
One of the biggest opportunities for real estate agents in 2022 can be discovered in organic reach through booming social media. Free customers from TikTok are ripe for the taking, so take advantage of it. The winning strategy: Produce lots and lots of different content, and then double down on what works the best for attracting real estate clients, according to online marketing maven Gary Vaynerchuk.
Please keep in mind that the best real estate clients often take 18 months to 3 years of marketing attention, helpful assistance, regular communication and nurturing of relationships in order to develop, harvest and repeat to maximum profitability.
Some of the attractive aspects to real estate careers include: more autonomy, self determination and no traditional boss, flexible hours, no limit on income potential. Many real estate agents, however, find that they must work almost non-stop to make enough money and to keep transactions from falling apart. Other agents, especially commercial agents, tend to stick to 9-5 mon-fri or less — bankers hours. | Leads-provided Los Angeles Real Estate Career
Real estate agents: Find out who is most likely to sell! Get a detailed list of the top 10 real estate client lead sources in the Loft Blog Premium article, including For Sale By Owners, Expired Listings, Divorcees, Absentee Owners, Death Notices, Empty Nesters and more. Los Angeles real estate professionals can get free access to Loft Blog Premium articles by paying for a business or professional listings in the Entar Downtown Los Angeles Business Directory. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.