Real Estate Agents
Feb 2nd 2007, 1:24 pm
#1
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Thread Starter
Joined: Sep 2006
Location: Ocean reef
Posts: 545
Real Estate Agents
Can anybody out there tell me what sort of money you could expect to earn selling real estate in oz. What is the basic salary and commission structure like.
Feb 3rd 2007, 5:48 am
#2
Joined: Jan 2006
Posts: 3,376
Re: Real Estate Agents
Commission only!
Feb 3rd 2007, 8:29 am
#3
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Thread Starter
Joined: Sep 2006
Location: Ocean reef
Posts: 545
Re: Real Estate Agents
Is there decent money to be earnt in it? What is the commission structure any ideas?
Feb 4th 2007, 1:33 pm
#4
Joined: Jan 2006
Posts: 3,376
Re: Real Estate Agents
I briefly looked into it, then binned the idea very quickly. I like a guaranteed wage at the end of the week myself.
I guess it's like any other sales job though, work your bollox off and you may just do OK!
Aug 12th 2007, 9:17 am
#5
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Joined: Jun 2007
Location: Carramar in Perth's northern suburbs
Posts: 1,129
Re: Real Estate Agents
I've been doing it for the last 10 years with no previous sales experience whatsoever. I love it and i wish I had started 10 years sooner.
It takes time to get established.............. it interferes with family life and weekends are tied up as are most evenings. If you are prepared to put a lot of effort into it.............. it will be very lucrative. It's like anything else i guess......... expect to get out of it what you put into it? I'm not a high flyer by any stretch of the imagination............. but we do okay.
Expect to get stabbed in the back frequently.............. expect to cop a fair bit of abuse; especially on this site from punters who i guess have been stitched up at one time or another by shonky real estate agents. Unfortunately we all get tarred with the same brush which is a pity. Also; expect to come across a lot of idiots from all walks of life on a daily basis as you try and go about your duty.
On the good side.............. we do meet a lot of really nice people who become long-time friends once we have helped put them right re the legal minefield that is real estate in WA. I get a buzz out of helping people make the right decision re their investment............. while i make good money myself at the same time?
I was on the DOLE prior to getting in real estate; and i drove around in an old banger of a van. We now have 5 cars and i drive around in a Jag. We own outright property worth over $2.0 million; and we have recently invested in a 10 acre block of land which will be my pension long term. Would we have been in this position if i didn't work in real estate? The answer is a definite NO!!!
For 9 years it was strictly commission only......... nowadays the system in WA has changed somewhat. Reps now get a salary (or at least they are supposed to)............ I've heard the upfront salary gets taken off their commission later on................ not sure if that is 100% true though?
I am the Principal/Licensee of my own real estate agency here in WA.
Hope that puts you in the picture?
Good luck.
Nov 7th 2007, 7:09 pm
#6
Just Joined
Joined: Jun 2007
Posts: 2
Re: Real Estate Agents
Getting into property selling can be lucrative in any part of the world. Selling property will always be a requirement so it is worth getting a foothold in the door, even though it may mean starting slow at the begining. The rewards on the long run are good though.
Mar 1st 2008, 3:57 pm
#7
Just Joined
Joined: Jan 2008
Posts: 2
Re: Real Estate Agents
It can be quite lucrative............ on the other hand it can be very frustrating and quite costly especially during the lean times.
I've been doing it for the last 10 years with no previous sales experience whatsoever. I love it and i wish I had started 10 years sooner.
It takes time to get established.............. it interferes with family life and weekends are tied up as are most evenings. If you are prepared to put a lot of effort into it.............. it will be very lucrative. It's like anything else i guess......... expect to get out of it what you put into it? I'm not a high flyer by any stretch of the imagination............. but we do okay.
Expect to get stabbed in the back frequently.............. expect to cop a fair bit of abuse; especially on this site from punters who i guess have been stitched up at one time or another by shonky real estate agents. Unfortunately we all get tarred with the same brush which is a pity. Also; expect to come across a lot of idiots from all walks of life on a daily basis as you try and go about your duty.
On the good side.............. we do meet a lot of really nice people who become long-time friends once we have helped put them right re the legal minefield that is real estate in WA. I get a buzz out of helping people make the right decision re their investment............. while i make good money myself at the same time?
I was on the DOLE prior to getting in real estate; and i drove around in an old banger of a van. We now have 5 cars and i drive around in a Jag. We own outright property worth over $2.0 million; and we have recently invested in a 10 acre block of land which will be my pension long term. Would we have been in this position if i didn't work in real estate? The answer is a definite NO!!!
For 9 years it was strictly commission only......... nowadays the system in WA has changed somewhat. Reps now get a salary (or at least they are supposed to)............ I've heard the upfront salary gets taken off their commission later on................ not sure if that is 100% true though?
I am the Principal/Licensee of my own real estate agency here in WA.
Hope that puts you in the picture?
Good luck.
I've been doing it for the last 10 years with no previous sales experience whatsoever. I love it and i wish I had started 10 years sooner.
It takes time to get established.............. it interferes with family life and weekends are tied up as are most evenings. If you are prepared to put a lot of effort into it.............. it will be very lucrative. It's like anything else i guess......... expect to get out of it what you put into it? I'm not a high flyer by any stretch of the imagination............. but we do okay.
Expect to get stabbed in the back frequently.............. expect to cop a fair bit of abuse; especially on this site from punters who i guess have been stitched up at one time or another by shonky real estate agents. Unfortunately we all get tarred with the same brush which is a pity. Also; expect to come across a lot of idiots from all walks of life on a daily basis as you try and go about your duty.
On the good side.............. we do meet a lot of really nice people who become long-time friends once we have helped put them right re the legal minefield that is real estate in WA. I get a buzz out of helping people make the right decision re their investment............. while i make good money myself at the same time?
I was on the DOLE prior to getting in real estate; and i drove around in an old banger of a van. We now have 5 cars and i drive around in a Jag. We own outright property worth over $2.0 million; and we have recently invested in a 10 acre block of land which will be my pension long term. Would we have been in this position if i didn't work in real estate? The answer is a definite NO!!!
For 9 years it was strictly commission only......... nowadays the system in WA has changed somewhat. Reps now get a salary (or at least they are supposed to)............ I've heard the upfront salary gets taken off their commission later on................ not sure if that is 100% true though?
I am the Principal/Licensee of my own real estate agency here in WA.
Hope that puts you in the picture?
Good luck.
I am currently working as an Estate Agent in the UK and am looking to move to Melbourne in the not so distant future. I really enjoy my job (the highs and the lows, believe it or not!) and I would like to continue to work in real estate once I am in Australia. My only problem is that i have no idea as to how to go about it all. From Visa websites through to having to be qualified in real estate, i just need pointing in the right direction and would appreciate it if someone could help me out?!?
Many thanks!
Mar 6th 2008, 5:07 am
#8
Forum Regular
Joined: Feb 2008
Location: Johannesburg for now hopefully Scotland soon
Posts: 277
Re: Real Estate Agents
Hi there,
I am currently working as an Estate Agent in the UK and am looking to move to Melbourne in the not so distant future. I really enjoy my job (the highs and the lows, believe it or not!) and I would like to continue to work in real estate once I am in Australia. My only problem is that i have no idea as to how to go about it all. From Visa websites through to having to be qualified in real estate, i just need pointing in the right direction and would appreciate it if someone could help me out?!?
Many thanks!
I am currently working as an Estate Agent in the UK and am looking to move to Melbourne in the not so distant future. I really enjoy my job (the highs and the lows, believe it or not!) and I would like to continue to work in real estate once I am in Australia. My only problem is that i have no idea as to how to go about it all. From Visa websites through to having to be qualified in real estate, i just need pointing in the right direction and would appreciate it if someone could help me out?!?
Many thanks!
