Property Agents make A LOT of Money

seriously before i quitted my gov job (of 7 years) to join property, someone painted a rosy picture about this line and how easy we can earn big buck.

I was somehow being convinced and "conned" that it's just a 'match making job'. Any tom, dick and harry can do it.

But it was a real cultural shock to me, really harsh and cruel. No one actually said that I will earn NOTING for the first 6 months and already alot of $ was spent on course and advertisement.

My so-call upline never give me any leads and I was like left in the jungle to fend for myself. I almost regret after 3 months. I did not close a single deal and was feeling very down and losing my confidence but it was my family support and a very understanding hubby who helped me to go thru all these months of hardship.

I did not earn $10K or more every month. But for the past 8 months, I already earn what I was getting for the past seven years annually. This is what I call breakthrough and sense of achievement.

It's all from my hardship and persistent to be who I am today. I never regret joining this line as there are customers who will come to me for advice for my professionalism. I believe in sincerity and responsibility. To me, my commission is always the last thing in my mind when I am on my job. I believe in being upright and honest.

to " a simple agent again " ...
any comments on the overriddding??

tell the taxman to chase after all of them lah.

you mean you earned 7 years pay in 8 months?

If you dont believe in over-riding, then come to HSR and see how much you can collect from training fees and over-riding.
ha ha

Hi! I intend to join property business but is looking at the right n good agency to stay. Wonder if there's any group out there which focus on central area, private condo. I used to be with Propnex which charge 7-3 commision which seems to be the worst ratio rate. Anyone out there can advise? Thks!
Email: rapanzel82@yahoo.com.sg

well, i think for rookie, most agency paid at the same rate, unless you got kangtao.....

hmm...seems like there's the same ratio between good and bad advice on wanting to become a property agent. I'm impressed by simple agent's perseverance in this line, since I've heard many good and bad stories on those who stepped into this job as well. In my opinion, those who do well will obviously give you the better side of the story, and those who don't likewise. It's probably all about getting the right mindset before stepping into this line? Even with a high commission ratio, if you don't make any sales you will still be broke. Whereas if you push yourself and get lucky, less commission ratio you'll still earn money.

Personally I'm looking to start part time and monitor myself to see if fledging into full time , "can make it anot". I already do not have a high paying salary on my day job being am a freelance creative personnel and work part time on the other days to supplement my income and expenses for driving lessons, so no income at the start for me is something I am prepared to handle if it happens lah, since I kena lousy bosses in the past who never pay my salary on time and ran away with my CPF, nothing more sway than that I cannot tahan lol. In my situtation, I feel I'm in the worst scenario to want to start my own business since I have no money to do it and still need to bring the dollars home for myself and parents every month. But honestly in anycase for every line you really never know what will happen till you try for yourself.

Any more experienced agents have useful advise to share pls do so? It would really help to motivate and provide us with a reality check as well =)

To thinking bout it,

If you intent to step in this line, I suggest that you really have to do whole heartedly and in full time basis. Seriously, alot of my other co-colleages though they started early than me or have more experience cannot survive in the part time basis.

Beside doing viewing, there's alot of preparation work. If you are serving buyer, you need to find about the market price and spend time searching and arranging for the property to view. If one viewing cannot buy, we must also understand why so that when we arrange for the next viewing, we know what to avoid.

If we are serving the seller, we must spend $ on advertisement cost and to entertain viewing. In today's market, the closing rate is definately slower than before. But then, private and HDB market is a very different market. So we have to choose what we want to do.

Next, beside the basic fundamental, alot of time, we spent time negotiating, persuading and problem solving in order to close a deal.We must also be knowledgable about the procedure so that we don't over-promise something and ended up in silly situation.

So we must take care of every little details in order to close a deal. Not to forget that our cheque does not come in ASAP. For HDB we must wait for a least 8 weeks upon closing the deal for our cheq

for our cheque to come in. Like wise for private, 12 week generally.

So our cashflow is a BIG consideration that we need to pay for our transportation fee and advertisement cost (can range from $800 to $2000 per month)!.

And my last advice is, if you dun own a car, it's gonna be very difficult to survive in this line. because it's really very inconvenient to take public transport and to serve buyer to bring them around.

To summarise:
1) Better to own a car.
2) cash flow to "dong" you for 6 months.
3) spend time reading and doing research work for your buyer and sellers so as to advice them property.
4) Must know your paperwork well to avoid getting silly situation when you promise the terms and conditions.
5) Negotiation skills and stragise your closing.