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is it crazy to give up a 100k P.A salary to become a property agent?

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Old 01-03-2018, 12:03 AM
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Default is it crazy to give up a 100k P.A salary to become a property agent?

i'm currently holding a government-related job, earning 100k p.a all in. is it crazy to want to switch to selling property? are there any stats on median annual commission rates?

How can I gain access to selling landed property or do all agents need to start from selling smaller HDB flats?

I have a wealth of experience in sales, digital marketing, photography, videography and thought it'd be a good fit for the industry.

comments welcome!

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Old 01-03-2018, 06:54 AM
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Yes, it is crazy. You need to take work issues more lightly.

Go for an extended stay in a poor country or explore further studies if u need a break.

Change your mind and perception, all the best!

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Old 01-03-2018, 12:50 PM
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Quote:
Originally Posted by TypicalFarmer View Post
i'm currently holding a government-related job, earning 100k p.a all in. is it crazy to want to switch to selling property? are there any stats on median annual commission rates?

How can I gain access to selling landed property or do all agents need to start from selling smaller HDB flats?

I have a wealth of experience in sales, digital marketing, photography, videography and thought it'd be a good fit for the industry.

comments welcome!
If you wish to join the property industry, find a mentor first. dont go head in without understanding the mechanics of running your "own business". Basically selling property is like doing your own business. You need to invest in marketing, advertising and also spend lots of time doing networking.

Maybe if you have friends already in the industry, ask them if you can tag along during their regular viewings so that you can see how they work.

Alternatively, go and enrol for the CEA course first.....attend the course and take the exam. During the course, you will be expose to the various rules and regulation as well as the procedure in selling as well as to have an opportunity to mingle with like-minded people.

If you are purely planning to go in for the money, my advise is not to start as full time....get the license and start part time to see if you like it.....BUT check your current job contract if they allow you to have a part time job........

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Old 04-03-2018, 09:00 AM
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Default DELA Long

yes you are crazy...
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Old 04-03-2018, 06:44 PM
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Quote:
Originally Posted by TypicalFarmer View Post
i'm currently holding a government-related job, earning 100k p.a all in. is it crazy to want to switch to selling property? are there any stats on median annual commission rates?

How can I gain access to selling landed property or do all agents need to start from selling smaller HDB flats?

I have a wealth of experience in sales, digital marketing, photography, videography and thought it'd be a good fit for the industry.

comments welcome!
Life is short, why not? I see the flashy cars and penthouse condo unit that my property agent friend posted on facebook makes me want to give up my job and give that a try as well.
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Old 05-03-2018, 11:19 AM
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Please don't be insane. The property market is not as amazing as you think it is.
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Old 05-03-2018, 12:17 PM
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Lots of people take 50% to 70% payout to do what they like.

If you enjoy helping people to find their houses of their choice, then property agent is good.

Propety agents need to Work on weekends and nights. But what is work when you enjoy it.

The median pay is 50k per year. But as long as you like the job why not?

As a bonus, If you are the top 1percent, then you can easily exceed by current pay by twenty times.

Go for it if you like the nature of job, but do not expect a salary increase for first 3years. Expect depletion of your savings initially. This line needs hard work and luck.
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Old 05-03-2018, 10:29 PM
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20% of the agents make 80% of the deals.

what makes u think u can be in the top 20%?
do u have the network? do u have backdoor to the higher end market?

if no to both questions, jus stick to ur decent paying and stable job
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Old 05-03-2018, 10:55 PM
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Government and relevant agency should look into reducing the maximum allowed percentage for housing transaction to spur volume. Automation of the industry should also be studied widely by the government since the agent would not be able to digest numbers and provide insights as well as algorithm driven program. Most of the agent i met are just regurgitating or amplifying the effect of news article or announcement, not much substance involved to be honest in helping potential buyer to analyse their purchase.
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Old 29-11-2018, 09:17 AM
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Yes, you are crazy. 100k pa is a very good salary alrdy if u ask me. Of course there will be others earning much more but unless you are Jeff Bezos there will be someone else much richer than you.

Like someone else said median salary is 50k. Which is lower than ur current 100k. Yes agent have potential to make few hundred k to a million a year but that is like winning 4d. Media only potrays the top 1% earners.
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