How Much Money Real Estate Agents Make!
How Much Money Real Estate Agents Make! – Add me on Instagram: GPStephan
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Maybe you could do a video on becoming a real estate agent in 2025. Is it worth it? Start up costs? How long would i be out of a job while getting my license? Etc.
Took me abt 4-5 months to get my license, the course is a 40-60 hr course depending on your state. almost like a normal class, then you study, take the test, and once you pass you get all the extras you need, such as MLS and board memberships and stuff. CT is one of the more expensive states, but it cost me about 2k to go through the initial process, was out of work for maybe a month because I had decided to leave my other job, but you can do real estate part time with your job until you get off your feet, so you dont need to leave your other job. Hope that helps, I know other states are cheaper then CT, MA for example gives you the license for 200 bucks, but also like 80 bucks for the exam itself as well.
It’s always worth it, in my opinion. The cost is classes at first and books (about $500). Then, take the test. This can all be done while working (classes are online, test is in-person).
Once you hang your license with a broker, there may be desk fees ($50-150 a month), membership dues for your local realtor association (average about $200 a month) then you will want to have docusign ($25 a month) and lockboxes ($120) and signs (varies, but a few hundred dollars, rent the wood post/install from companies) and business cards. It really isn’t much commitment, but as Graham said, you need a great mentor/broker to get started.
Get a real job and learn a real trade. These people are scams
I’m good friends with one and I can tell you that to succeed in that industry you have to refuse to fail. Even if you’re parents and there friends buy houses the first couple years lots of those agents fail after the charity deals. You need to work hard and be creative, you need to get your face out there on bus stops whether you like it or not. And you have to be prepared to go into debt to do all that knowing you’re coming out on the other end with some commission and if you can’t stomach that maneuver do something else.
If anyone wants to get into this business they need to google the turnover rate first.
If only people were willing to spend 3.5mil to make me feel good too😂
Well he probably also liked the house 😂
People make it with hard work. I watched my dad move from Detroit, MI to the Marathon, FL. Saved all his pennies, made the move, got his real estate license 9 years ago, and just sold his largest listing at like 5.6 million🤷🏼♂️🤷🏼♂️
Consistency is key to everything, especially fields where experience is the largest factor.
Nah the key is already being wealthy enough to go eight months without a sale
That is because most people have fucking bills they have to pay and don’t have free mommy and daddy money to provide for them.
He’s said a few times that his family wasn’t that well off. He was smart with his money and he didn’t give up. That’s why he’s so so successful.
He did mention he worked on rentals before his first sale, which in my experience felt like doing the same amount of work for an extremely low commission.
You always look young, even in your mid 30s lol
Andrew Hales! The LAWFH guy! What a throwback. His videos were awesome back in the day
He never left, big dawg
Where is this snippet from? Would like to see the full interview
Nice!! 😊
Graham your beard is abysmal, shave it clean and never think about growing it out again
How in the heck was he getting those listings as a brand-new realtor?? Smells super fishy.
in 2009 just after the housing market crash no less…
It’s an easy way to make money when you already have the money…
Succeed is given not earned
How did he manage to land a position where his FIRST house he’s been holding open houses for costed $3.5 MILLION USD as a BRAND NEW real estate agent at barely above 18 years old? Smells like nepotism
lmfao first sale is a million dollar property, gotta love silverspoons
It’s LA, a 200 square foot metal shed is a million dollars
@@Viipxzthis would have been 16 years ago. first house sold for 3.6 million in 2009 just after the housing market crash? if it sounds too good to be true…
What they glance over is not the selling the house, but to get the contract to be able to sell a house.
That’s the customers you have to focus on.
Where did you found a company that leta you sell a 3.6m house at 19 with no experience, most start by selling condos or small houses
Family/Friend connections most likely.
@@jokerhookahtrollscuhs no he just worked for a company that was in an expensive area
@jokerhookahtrollscuhs exactly
Once you get your license you can sell whatever house you can. Your not limited to condos or small houses. If you work under a team maybe but if its just you independently and your broker you can generally sell any house
He’s in the LA area. Depending on where you are selling the home it’s not uncommon to have 1.5M+ homes
Is this something you can do on the side? How tf did you pay your bills and eat for that 8 months?
people typically do it on the side
All these people who don’t actually know grahams story 😢
$200,000+ commission? That is crazy, very different from where I live. Max you could get in commission would be around $30,000.
Everyone and their grandma is a realtor these days lol