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what is the average income of real estate salesperson and realestate broker

you can’t go by averages, because they include people with Realtor licenses that aren’t active.

however, as a realtor, you should expect to make no less than 75k/year. Many make WAAY more than that, like 75k for selling just ONE house.

Also, if you plan on going in to this line of work, make sure that you’ve made arrangements to not make ANY money for at least 6 mos. Whether it’s living with parents/friends/significant other, or if you’ve saved up enough dough. It can take months to sell a single home (especially in today’s buyer’s market), and then at least 30 days to close, when you’d get your cut.

The thing about a commision only sales plan, you get out what you put into. If you are resourceful, good with words, make friends easily, can follow a procedure or create one for yourself, then you should do very well.

I have several realestate properties and would like to know the advatages or disadvantages.

Thanks for any insight.

I would definately encourage you putting your real estate holdings into a trust fund. I believe a trust fund is the same as a corporation. Either way it protects your assets. If you get into a car accident they cannot sue you for your property. It is protected. Also I believe it is part of a will which is always great, ya never know when your number is called! Its better to be protected any way possible.

Good luck to you and all the ventures that come your way!

what?

You see all this, sell on ebay, buy realestate, bla bla bla stuff on TV. Well whats the truth. How can I make a good living and still work from home.

most of that crap is a scam

my brother is repairing one an he dosnt know wehat hes doing the other one my other brother is gona buy taxes an ins an utilitys are being payed out of the estate an neither house was listed yet. there was enough money from the stocks an ins that was cashed in an put in a bank acct to hire the repairs i get no imfo on any of the bill shouldnt i have been notifyed about all repairs an shouldnt these houses been listed in realestate by now what can i do the money is being wasted because its not being handled properly.

If your brother was appointed as (and has been certified by a probate court as) the official executor for your mother’s estate then there will have to be a final accounting to the probate court in order to make a final judgement as to the distribution of assets in the estate. That does not mean that your brother has to get your permission or even inform you of every penny he spends in order to, say, prepare property for sale by the estate in order to convert the property into a cash asset of the estate. Different states do have some exceptions regarding claims of bad faith expenditure claims against an executor(s). The best thing to do is to consult with an attorney who is experienced in probate matters. If you challenge your brother’s handling of your mother’s estate, then you *must* make sure that there is no clause in her will regarding challenges by anyone named as a receipient of property from her estate. Some people will add such a clause to the effect that will eliminate your rights to any of her estate if you file a challenge. Best to consult with an experienced attorney.

i’m thinking about becoming one.

You need to get a license and you should be a good sales man. other than that i don’t think there is any hard part
(i heard the licensing part is pretty hard)

If I purchase realestate, (residential duplex) to rent out for investment purposes, can I write off the closing costs?

Absolutely! In fact, your escrow company will send you a statement at the end of the year to give to your accountant.

I’m a realtor with a company I truely love but I believe the internet is the wave of the future for real estate. Does anyone work for Realestate.com as a Realtor and how do you like it? Realestate.com used to just sell leads, it seems now they’re trying this where they are actually a broker. It’s a good idea but I’d be interested to talk to someone actually taking advantage of their opportunity.

Ed,
I think you are wise to check out a new company based on agent experience rather than company promises. It’s just the sensible thing to do. Having said that, it seems to me that their web site would feature the names of their licensees. Why not just contact the individual agents, either in your area or, to factor out the possible competitive bias, in another area of your state but outside of your marketing area? Broadcasting a questions like this has a major flaw: no agent is going to bad mouth the company s/he works for and any good Realtor is going to be cautious of the ethical implications of disparaging another agent or company. Then there are the issues of anti-trust violations and civil actions for libel and anti-competitive behavior.

Good luck. I hope it works for you. I am still with the traditional model because I think it suits my professional background and style, but I am always open to new ideas . . . like appearing on Yahoo! ANSWERS

A realestate attorney stole to deed to one of his deceased clients and falsified the documents to the court. Gained the property and sold it.

Do you have a question?

They asked that, I said that’s personal and not part of the house I have for sale. Can they find out how much I owe on this house?
Thx, Teran – that’s the type of info. I need. Appreciate it.
Thx for the additional info. All great advice and information. Thx. for taking the time to answer.

As an investor, I always ask what the notes are (including taxes and insurance) and what the outstanding mortgage balance is. If the seller is unwilling to divulge this information, it’s obvious that this is NOT a motivated seller and I’m on the phone with someone who is not a prospective client.

I make at least two offers on a property. One, an all cash offer won’t be affected by the balance or the note, because it’ll be 70% of Full Market Value (FMV) minus the repairs. If you owe more than that, you probably won’t sell it to me (some do, however to avoid foreclosure).

I’ll make you a FULL PRICE offer if you’ll keep your existing financing in place while I get one of my buyers qualified to refinance and cash you out. In that case I need to know the monthly payment in order to see if I can even get enough from my buyer monthly to cover the note. ARMs and other bad loans make that difficult sometimes. In those cases the seller may be willing to continue paying a portion of the payment until the refinance occurs. They’d prefer to pay $500/ mo instead of the $1800/mo they now pay.

It always depends on the seller’s motivations.

HTH