Posted by Houserookie on November 14, 2000 at 07:05:16:
Real estate is really a cool business. : )
But not as an agent for most, unfortunately.
Say you sell a $100K home. property lists
@ 7 percent commission.
Total $7,000 commission
Listing Agent share 3500
Buyer agent share 3500
Being that you are new, you must likely
get 50/50 commission split with your broker.
That means $1,750. You pay for ads in paper.
You have other expenses. You take home $900.
With the exception of having your cellphone stuck
to your ear 20/7/365, it’s actually pretty cool
to be an agent.
There over 15,000 agents in Minnesota. 10,000
in twin cities. Unfortunately, there are on
average 3000 homes sold each month by agents in