Quick Answer: How do I become a successful real estate agent in NYC?

Is it worth it to become a real estate agent in NYC?

There are several steps to becoming a NY real estate agent and it will take about three months and at least $500 to become licensed. It’s worth it. Working as a real estate agent gives you unlimited income potential and control over your schedule. It’s hard to find a career with those perks.

Do real estate agents make good money in NYC?

According to the Bureau of Labor Statistics, the average real estate agent salary in NYC metro-area was $104,180 in 2018. By contrast, the website Glassdoor pegs the New York City average base real estate agent salary at $87,185 .

How much does a real estate license cost in NY?

Real estate courses are available as well as classroom courses. The nonrefundable license application fee is $150 for a real estate broker, and the license will be effective for two years. The salesperson real estate license is $50.00. The expiration dates for both are staggered.

How much does a part time real estate agent make in NY?

While ZipRecruiter is seeing salaries as high as $121,753 and as low as $19,195, the majority of Part Time Real Estate Agent salaries currently range between $32,905 (25th percentile) to $87,749 (75th percentile) with top earners (90th percentile) making $109,686 annually in New York.

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Is it worth becoming a real estate agent?

One of the greatest advantages of becoming a real estate agent is the unlimited income potential. … That’s because real estate agents work for a commission. Typically, the agent walks away with 2.5% – 3% of a property’s sale price. Depending on the local housing market prices, the commission can be substantial.

Who is the richest realtor?

Top Real Estate Billionaires in the World

  • Sam Zell. Net Worth: $4.8 billion. …
  • Stephen Ross. Net Worth: $7.6 billion. …
  • Sun Hongbin. Net Worth: $9.2 billion. …
  • Donald Bren. Net Worth: $17 billion. …
  • David & Simon Reuben. Net Worth: $16 – $18 billion.

Who is the most successful real estate agent?

Ben Caballero is the world’s most productive real estate agent, ranked No. 1 in America for the since 2013, according to REAL Trends as published in the Wall Street Journal.

What real estate makes the most money?

Commercial properties, $91,208

The answer is almost six figures for the average commercial real estate agent, which came in as the highest income out of all the agents we surveyed. Becoming an expert in commercial real estate could take more training — but it shows that more training pays off in this case.