REAL ESTATE NEWS (Los Angeles, CA) — While L.A. real estate professionals can make any amount of salary, the average annual compensation in the area stands at around $41,000. Unlike most other careers, real estate agent work is a licensed profession in California, and usually requires strong sales skills for success. Most real estate agents are not actually salaried. Rather than a guaranteed salary, they usually receive commissions only, which they receive after they help a buyer, renter, sellers, landlord or investor to initiate and complete a transaction. Like other sales-oriented careers, the average real estate salesperson is not very successful because their personality or work preferences are not a good match with the demanding nature of sales in terms of required business skills (marketing, accounting), interpersonal skills, sales training and experience, motivation and charismatic personality. Obtaining clients tends to be the most challenging (and financially rewarding) part of a career as a licensed real estate agent. For these reasons, most new real estate agents will have best chances of success if they have a sales and marketing background, and if they work very closely with an experienced, successful real estate agent for several years. If an agent can succeed for about 5-10 years, they often find it much easier to find clients after that, through growing repeat and referral business.
Other ways to make money in real estate, without a license, include the purchase and sale or leasing out a property to rental tenants. Often an investor will find properties that require repairs and improvements, and then the investor will flip the property, buying low and selling high after quick fixes or renovations to add value — and hopefully profit.
Most real estate agents have a Real Estate Salesperson license, while a few obtain a Real Estate Broker license so that they may manage themselves and other agents, whereas they would other wise need a broker to manage them. It is also possible to buy or start a real estate brokerage without a license if the owner hires a licensed broker to manage. Either way, a real estate career often involves the risk of thousands of dollars or more just to find out whether or not it’s a good fit.
As with most industries, technology has been encroaching and changing real estate careers at an increasingly rapid pace. For those who love both real estate and technology, but prefer to spend less time and money getting started, there are some new opportunities in technologies linked to real estate, such as blockchain products and services, including the Real Estate NFT. Like the internet, new industries related to blockchain, such as real estate backed cryptocurrencies and Non-Fungible Tokens offer an unlimited variety of applications, features and benefits. With a bit of technical know-how, creativity and business savvy, the sky is the limit for those getting started early in the Real Estate NFT businesses. Entar® Real Estate and Investment Technologies, a future trillion dollar company, is offering some very exciting new technologies and business opportunities as a pioneer in this arena.
For those interested in careers or business opportunities related to real estate, investment or technology, a free report is available called Making More Money in Real Estate Using New Technologies. 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.
