IF i am a ambitious 18 year old and want to become a real estate agent how much money can I make in my first year or two. WIll being young have an impact on my client base or potential clients. Would you recommend entering the profession? At this time?
by 
Victor123
ANSWERS: 14
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That is really hard to predict. It all depends where you live, and where the market is at the time. I have a few friends that are Realtors, but they took part time jobs cause nothing here is selling. We have 5 houses on my street alone, for Sale since beginning of summer. I dont think your age will become any kind of obstacle because obviously you are very smart and energetic. It is up to you, if you want to take the risk or not. Give it a try..
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There is more to life than just money. Join my religion and learn the truth of no money down real estate deals
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expect around 30,000 thats average in yr 1
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Speaking as a home owner/potential client: I could never take such a big step with someone so young - I have kids very close to your age - you haven't yet had the life experience to make me feel like you would be looking out for my best interests. It sounds like you just want to get rich quick. I do not have anything against young success, but a college degree under your belt not only says that you've had time to transition into your adulthood, it also says that you have self discipline and staying power. Of course, this is not to say that everyone with a college degree is trustworthy. However if I am going to make a $500,000 transaction, I'd like as much on my side as possible.
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I have to agree with Momma_Bear, unfortunately your age will likely be an issue. My wife started in real estate in her late 20s and she was among the youngest agents and even at that age, it was an issue with some potential clients. However it doesn't mean that you can't do it and won't succeed. One thing that you probably could do easily is become a 'buyer-agent' for a successful realtor. Basically, successful realtors get a lot of calls and are often too busy to follow-up on all the calls and to show properties (you can make a lot more money on listings) so have staff (buyer-agents) that take these calls and show properties to potential clients. You won't make as much money as a buyer agent (you're working for the other realtor on his/her leads and will only get a portion of the commission) but it's a good way to start and you'll almost certainly be a lot busier than if you were doing it on your own and it's much easier to start this way. After you've gained experience, established a bit of a client base, you can move on your own.
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Real Estate is a complex activity and you should study it deeply to become an expert in the field. Then you can expect a big income, not before.
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Make what you can, but stick with it for the long haul. Don't let anyone limit you or tell you what you cannot do because you are young. Turn your disadvantages into advantages. Listen to mentors. Surround yourself with experienced people. Read about people skills, personal development, sales, and real estate for at least 30 minutes every day. Turn off your radio in the car and listen to motivational and educational audios whenever you are driving. Drink coffee or have lunch or breakfast with a postive person at least once a day. Keep lists of goals. Count every "no" as a step toward "yes." YOU CAN DO IT!!!
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If you are truly passionate and interested in real estate, you can do well. Don't go into it for the money because only the ones that are truly knowledgeable do well and you get that knowledge by wanting to find out every thing about it and, having interest in it. If this is true you should make sure you have money saved to support you through hard times ,because you can go six months to a year or more without a commission. It is a tough job and if you are a good people person, outgoing, smart, and you can be professional this will be perfect for you. If you are you should start working as an assistant at a real estate firm to get more of an idea if this is still what you want to do. Good Luck!
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Well just be careful, this probably isn't the best time to get into it, Since there have been less houses sold then there are registered real estate agents. Plus being so young might not work for you since people might not think that you're credible, I've started young, I'm a landlord now, but my houses are going into foreclosure, plus I also dealt with people who buy and sell distressed properties, and lot of time the people who were in a need to sell their house fast because they were facing foreclosure would be like "You are an investor?" "Do you have any experience" etc etc etc... Another thing, I work at a restaurant now, and in one day we had 6 realestate agents coming in to apply for job as servers.
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Right now, it is a BUYERS Market with housing prices being down so low .... It all depends on just how ambitious you actually are and just what location you are in as to how much $$$$ you will make the 1st year or two ... I'd think that starting out , if you were really agressive and ambitious .. that you could probably end up with making around $100,000 ... BUT; you will need to work you azz off .... Even if you are young; if you appear to actually KNOW what you are talking about and doing ; you will be ok .. just as long as you don't have to keep saying .."I'll have to ask so and so ..... which makes you look incompentent .... Just so you know ... there are several Real estatte Companies that will actually PAY for or send you to their real estate school IF you agree to work for their office / company for a certain period of time ...
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Im 19 years old with a license and a green license. Dont let people discourage you. I have made 54 thousand dollars since I started 8 months ago. it doesn't matter whether your 18 or 50 if people like your style and love the house. whats gonna stop them from buying from you?
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Try it -- it's the only way you will know if it is for you. You do know there are some hoops to go through, don't you?
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Honestly at this time i wouldn't recommend anything as far as real estate goes, there is indeed money to be made, but i am telling you this over inflated housing market bubble will eventually collapse. Hopefully it wont be on you.
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Watch that show on TV with those three 20 something realtors compteting in the Beverly Hills market. Very interesting.
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