Updated: Aug 6
Is it is a wise choice to take up real estate just to do it on a part-time basis?
The thought of joining the real estate industry can be tempting.
Real estate agents enjoy flexible hours, being your own boss (hurray to not having a bss breathing down your neck every now and then chasing you to meet sales quotas), meeting a network of interesting people, and of course, having no limits to your income.
A real estate agent’s income is based on commission.
One can typically earn a commission of 1-2% of the property price depending on the number of brokers involved, whether its a sales or purchase or the type of property.
Imagine closing a $5 million deal, 1% commission means you’ll be getting a $50,000 paycheck.
Sounds like a great deal isn’t it?