How Much Money do you Need to Save Before Becoming a Real Estate Agent?
by Mark Ferguson, InvestFourMore I love real estate and becoming a real estate agent was one of the best decisions I ever made. When you become a real estate agent, you give up a steady pay check and it takes a while to start making money in most cases. Unless you can start out as an assistant making an hourly wage, you are going to have to save money before you become a real estate agent. It could be a month, three months or six months before you sell a house and earn a commission check. How much money can real estate agents make? It is risky becoming a real estate agent; you do not have a steady income in most situations and it can take months before you make a sale. It can also take years before you become an established agent earning a steady income. Many people ask themselves why would anyone want to become a real estate agent under these circumstances? The biggest reason people want to become real estate agents is you can make a lot of money. In this article I talk about exactly how much money you can make as a real estate agent. The average income for a full-time real estate agent is $54,000, but many agents make much more money. You also are able to run your own business, create your own schedule and invest in real estate easier as an agent. I talk much more about investing in real estate in my complete guide to purchasing long-term rentals. Why does it take so long to make money as a real estate agent? One reason it takes so long to make money as a real estate agent, is [...]