Estate Agents Tip: REALISTIC 1st Year Income for a Real Estate Agent
This is a realistic first-year income expectation for a real estate agent. These income numbers are the numbers that most agents make in their first year. This can help you decide if you want to become a real estate agent.
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CHASTIN J. MILES COACHING & MENTORING
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SOME OF MY POPULAR VIDEOS
My First Year In Real Estate
Day In The Life of a Realtor
Why Real Estate Is So Hard
How Much Money Real Estate Agents Make
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BOOKS I RECOMMEND
The Millionaire Real Estate Agent
The Power of Who
Jab, Jab, Jab, Right Hook
The Subtle Art of Not Giving A F***
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Chastin J. Miles
3102 Maple Ave, Suite 400
Dallas, TX 75201
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Chastin J. Miles is a licensed Texas Real Estate Agent with eXp Realty.
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$50 000+ a year
Nice video man! I've just done a video on how you can Boom your real estate business today! Let me know what you think man!
Absolutely love your videos and inspiration Chastin!!!! Intro was fire too! Lol anyway 20% done with my tx real estate online course, here I come!
I'm a newly licensed agent and I understand what the expected in come is but I also know I can get so much more. I'm diving straight in!
Chastin, you’re great! I love ur brutally honest videos. I’m still IN RE school hopefully becoming licensed next month so I’m obsessed with YouTube videos now and your are my favorite. I need your book!
Hey Chastin I love your videos! I try to watch all your videos because I love the realistic approach and feel you bring to each and every one of your videos. Im getting licensed within the next month so I’ve been prepping. I do have one question though: I live in Boston, MA and I know at least 5 active real estate agents in my social bubble, is there a such thing as too many real estate agents? Should I be expecting tremendous competition or no work with the growing rate of real estate agents? Thanks for all your efforts chastin!
I’ll be getting my real estate license soon. I’m completely changing careers so sales and finances are all so new to me. Do you think it’s best going in as a real estate assistant and getting a better feel for the business or just go all in and learn as I go ?
Amazing video as always
Got your book. Your such an inspiration. Once i graduate highschool in like 2 weeks im getting that license and going use all of my knowlegde that i used from your videos and your book. And all of the other resources ive been using. Thank you for being such an inpiration!!!
I think it depends, first is the split that the new agent gets. In my market area the splits for new agents are usually between 56/44- 64/36. Then in my market area a couple of companies Cap you at a certain dollar amount. KW is $23,000, Metro is $14,000. If your on a team you cap lower than what the team leader caps at. So after that cap they can earn 100% of the commission. Second is the new agent focusing on residential? Commercial ? Land ? Leasing / renting ? Luxury? For commercial you can go up to 10% in New York State, luxury you can take 8% Residential you can also go above 7%, So it depends on if the agent is going to settle or fight for there commission. 3. What’s tools are in place by the broker to help you get those properties sold? 4. Is the new agent focusing or buyers ? Or sellers ? Or both ? 5. Are there any leads provided by the broker ? Just about all of the major competitors in my area have a exclusive deal with either Realtor.com or Zillow. 6. Is the agent full time or part time? You can make the right money if you play your cards right.
Quality content.
Hey man, I just came across this video and loved it! I’m 18 years old and I’ll be getting my license in 6months. I love your videos so keep going so I can learn as much as possible before I start.
Do u think being a lease specialist in TX can do 70-120k ? I'm new to TX real estate and think doing leases may be best as I get to know the Houston area. They don't do lease commission here in TN so I'm new to whole idea. I'm wanting to get 3-5 leases per week. Is that realistic?
I’m on track to end 2019 at $30K lol and that’s before I pay taxes, and alllllll the money I spend that’s a business expense.
My 2nd year will be better!
Hey Chastin, I live in California and I just passed my real estate exam, currently waiting on my license. So being that I do have some money saved up and my bills are at a reasonable price monthly, I still would feel a lot more comfortable with some sort of consistent income while I learn the full process of real estate transactions. I’m going to be searching for brokers to work with soon but I’ve came across the idea of working with a broker that also does property management. How common is it for a broker to be willing to assign mabye x amount of properties that they manage to a new agent in order for them to recive an income while they are working to get new clients? Love your channel by the way, a lot of great information!
It can happen yes, but you really gotta hustle, it's not like HGTV shows it, you seriously gotta put yourself out there
Love it