Selling 3 or 4 houses a year is not easy and requires a full time effort for most. 90% of what we do, we dont get paid for like most sales people. Here’s the math…let’s say you sell 4 average priced homes (600K). At 2.5%, that is 15K each or a total of 60K. The broker you work for takes a 1/3rd maybe more. Now you are down to 40K. Now you have to pay both sides of Social Security (12%)and taxes (let’s be genereous and say 20%). Now you are down to 27K. Throw in health insurance and business expenses and you have about 15K left. All this for the pleasure and aggravation of putting up with late nights/weekends, clients who lie to you/have no loyalty and a very unpredictable income stream.
Yeah..i’ll bet you are all salivating over this job. The truth is we have too many realtors, many of whom are underemployed. I’d venture to guess that at least 50% would do better by giving up their false dreams of riches and taking a job at Nordstroms!
