06-08-2016, 01:18 PM
Grieve Wrote:This is why my wife is training to be a real estate agent...
One of her relatives (who admittedly has been a realtor for 30 years) earned over $600k last year. Even her two children, who have only been doing it for 2-3 years, are earning $2-300k a year. They live in a part of Maryland where many of the houses they are selling are $1m or more, so they are getting $30k per sale. It's insane.
The job is more complex than it seems, especially if there are problems with the house, or buyers pull out, but getting $30k for what may be only a few hours work is a pretty sweet prospect.
My wife's cousin is a real estate agent in New Canaan, CT which is a very rich area. She makes more than her financial manager husband. She only sells homes worth a minimum of 1 million, and her largest sale was 3.825 mil.