Property Agents make A LOT of Money

I recruit many of you and many of you pay $600 to $1500 each for training, and i get commission from your paying training fees, and i collect 5% over-riding from many of your commissions.

Many of you recruit many others under you and you get commission from training fees, and i also get to collect a cut of this commission, and many of you collect 5% over-riding from many of your recruits' commissions, and i get to collect 3% from them too.

And the same sequence goes on and on.

On the average, an agent at the Director Level earns not less than $30K per month from Over-Riding Commission.

This excludes the training fee commissions they collect from recruiting newbies into the company who pay from $600 upwards for Basic Real Estate Training.

There are about 100 to 300 new recruits for each agency every month.

There are about 45,000 to 50,000 agents and the numbers are increasing.

and they then use these shameless training 'profits' and add them into their own income stream as proof that property agents make bug bucks. Which in turn will con the other impressionable common folk to fork in their hard earned money to contribute to their wealth. Sad but vicious cycle.

But they can also earn $30k a month just by doing personal sales. No need to recruit a single person.

wow... really?/
an agent at the Director Level earns not less than $30K per month from Over-Riding Commission??
can anyone support or tell me how true this statement is??
i always thougth life as a house ag is unstable..
if a house ag cna earn so much passive income from overriding, then it isnt so unstable afterall...

$30k per month personal sales implies sheer hard work..
$30k per month from overridding implies sound too good to be true.. in fact a bit ridiculous?? any house ag director here to verify???

I stand corrected after hearing all the tough experiences of the real life agents here.
Seems like the experiences are similar to MLM, go in early and you can reap good money, go in late, you are feeding others.

Well, since the Administrator of this blog removed my posts of the actual named agencies, let's just say that Donald Duck and his gang of Mickey Mice at the agency next to the Western Food Joint near the Toa Payoh Library, uses this selling point that he has ever not worked for a full year and yet he still earns $30k a month.

And if you want to be like him, you must join his agency; which coincidentally claims to be the biggest; in order to start earning big income like him.

Mind you, he was not talking about closing that $30,000 deal when he talked about it in the crowded classroom!

So, M-L-M is the name of the game, even the DishWasher agency claims it too.

I really hope someone brings up this blog to that stupid journalist who wrote that article to mislead people into the M-L-M of Real Estate.

aiya.. dun scold the ke lian journalist.. she just doing her job to write articles.. anyway,i still curious as to so good oveerrriding fees.. keke..

I admire the simple agent that quitted his 7 years iron rice bowl career and embark into a journey of uncertainty. Property agents are selling a service whereby any tom dick or harry can do it. Luck is very important. I strongly believe it is not an easy work although anyone can do it. Because anyone can do it means now more than 30 000 people are competing with you. You know the Maths.