Most probably, you will want no less than one full-time assistant who will cost about $30,000 a 12 months. After expenses and employees, an REO agent promoting one hundred houses a 12 months might profit $220,000 a 12 months just on the REO listings. The wonderful thing about itemizing many properties is that these listings bring in buyer leads. A good REO agent will have the ability to sell as many homes to buyers as they do listings.
I assume there are plenty of methods to promote at no cost or very minimal costs as an actual estate agent. Some of these costs your broker might cowl and some will not be lined. There might be indirect prices as well depending on what you need.
I even have eight folks on my group, together with 5 licensed real property brokers. They don’t all promote many homes, but I get a percentage of each house they promote.
That is an extremely low number, but it is attainable for agents to make far more in their first yr. I actually have an agent on my team that made over $one hundred,000 in his first year and another agent on my group might … Read More