Our Name Says it All!

The sky is the limit on the amount of income you can make in this business and what you put into it is what you will get out of it.

You do not make a penny until the deal is closed. And you have quite a number of expense getting started.

This career is not for everyone. You must know how to budget your money accordingly. You do not receive a paycheck on a regular schedule. You may sell 3 houses in one month and then not have a single closing for 2 months.

Produce or Starve! There is no other way to look at it.

This career is not for the timid, deals can fall apart just days or even hours before they were scheduled to close.

Once you have a few closings, some deals pending and you have learned to adapt to having an irregular income and have a few months of reserves set aside you are then rolling downhill on what was a challenging uphill battle.

If you think Realtors are rich, think again. Census bureau has the average real estate agents annual earnings at just $36,400.

This number is broadly influenced by the high number of part-time agents though. You must remember that these are gross earnings and that you are responsible for your own taxes, social security, health insurance, etc, etc.

In the Fort Wayne area, on a full-time basis with a lot of effort you will probably only make $25,000-$30,000 your first full year.

Your second year, now that you know what you are doing and with the same effort applied it is very safe to assume that you will double your first years income.

Each year thereafter you should see 10% more income than the previous year.

Although there are indeed exceptions to the rule, This is what you can safely expect. So if you are thinking of quitting a good paying job and jumping into this blind you might want to have a nice nest egg built up beforehand.

As mentioned on the Getting started page, your license will be held by a Broker. You cannot practice real estate on your own with just a salespersons license. Your Broker is responsible for all your actions regarding the practicing of real estate. Your Broker will provide you with various tools needed to be successful in this business. For these services the Broker is entitled to a percentage of the commission that you bring into the company.

This commission split structure varies between real estate companies and you will need to decide which company is right for you. There are many variables to consider besides the commission split. There are many expenses such as advertising in the homes magazine, newspaper, business cards and other publications. There are signs and lockboxes for each listing that you may have and there may be desk fees for the space that you will need in the Brokers office. There may be bonus plans when a certain amount of sales has been made with the commission split changing when that dollar amount is achieved.

How do you choose when you do not even know how many houses you will sell a year on average? Base your averages on selling $750,000-$1,000,000 worth of homes your first year. $1,500,000-$2,000,000 your second year and 10% increases each year thereafter. Base an average of 4% of the amount of gross sales that you choose. This is because you may have many occasions where you have the seller as well as the buyer and many occasion where you only represent one party in the transaction.

Now crunch the numbers accordingly to your percentage take in the commission structure and deduct the expenses that you are responsible for.

Another important decision to consider is what company do you think you will have the most success with and why. See the F.A.Q. to better help you with this decision.

Although the Dedicated Realtors commission/expense structure is not outlined here on this website, we are sure you will agree that it has been carefully designed and well though out with the happiness of the agent in mind.