Property Agents make A LOT of Money

Real Estate to most people, can be a sales job to make extra money and can also be a GREAT business to build that will last you a lifetime.

A business usually involves initial "Start-Up" cost. The cost will depend on your risk appetite and confidence in the business.

But you must first understand that you should be looking to stabilize your business for the first 6-12 months, then we start talking and aiming on Higher Standards.

End of the day, look at your "Annual" income rather than your "Monthly" income. Some agents just cant get a breakthrough here. Once this barrier and fear is removed, things may get better.

Your target for your first year income should at least a minimum of TWICE the income compared to the day job to make it all worthwhile.

What AWAKENED me years back as a new agent then was being exposed to the possibilities to make an income equivalent to 10 years of salary in the corporate world within 2 to 3 years in Real Estate.

Everyone has a different Mission, motivation and purpose to Excel.

All the best.

Alex Lim
Email: [email protected]

Originally Posted by Alex Lim - ERA

What AWAKENED me years back as a new agent then was being exposed to the possibilities to make an income equivalent to 10 years of salary in the corporate world within 2 to 3 years in Real Estate.

Like all forms of business, the top 10% earn 90% of the money.

Life's very fun to be in this 10%, but not fun at all in the other 90% who struggle for the remaining 10% of the pie.

The corporate world has a more even distribution of money and hence is more suitable for those who hope to pass through life peacefully.

Originally Posted by Unregistered

Like all forms of business, the top 10% earn 90% of the money.

Life's very fun to be in this 10%, but not fun at all in the other 90% who struggle for the remaining 10% of the pie.

The corporate world has a more even distribution of money and hence is more suitable for those who hope to pass through life peacefully.

I agree. Typically, I would imagine the top 10% in RE will have to push boundaries (e.g. test techniques that are in "grey" area). They also start agencies to recruit new comers and train them to work for them (they withhold commissions which can earn good interest even in today's environment, and always take a cut).

You see Dennis Wee advertising almost daily to recruit new agents. This is one way to make big money in RE.

To those above sixties....Some agents make money will never show or tell even to IRAS....those showing off their earnings...are trying to attract anyone including grandma or grandpa,uncles n aunties to join n pay more than $600 for seminar n training even these team leaders knew they can never make good in real estate..To be a sales agent, u need good personality,active,social,dress neat chic, n also sales n communication skills....do not listen n dream...try $600 in 4D maybe got better chance to win a $20K.

[financialfreedom]

sorry abit off topic, property agent or financial advisor easier to earn and earn more money? Seems like FA have an edge as they still receive passive income after closing a deal, although the amount is much lesser than PA...

hi can any property agents share their view abt the recent market cooling measures, esp with the HDB Minister announcing new flats being built... it seems like a bleak time for the property market...

Originally Posted by Unregistered

hi can any property agents share their view abt the recent market cooling measures, esp with the HDB Minister announcing new flats being built... it seems like a bleak time for the property market...

Hi,

Just my opinions.

Specifically touching on HDB, the cooling measure will not have much a effect on the market. It is healthy to have supply in the pipeline to moderate a fast moving market and also reducing speculation by private property owners. If prices rises too fast, many will face a difficulty to own their first property. Even with all this, a HDB is meant as part of your family planning rather than an investment. So not to worry too much on the future supply.

Singapore is small and the government can easily control the prices, demand and supply. The government's intention is never to crash the market as this will cause social unrest and more political problems.

To summarize, during a good market, there must be some control to avoid a bubble. During a weak market, the government may for example; increase grants, reduce taxes or find ways to stipulate the market again.

As of now July 2011, the HDB market is still in it very healthy stage with the properties being sold within less than a week. During 2008, some took more than 3 months.

For the future, HDB will definitely peg itself with inflation and that's why prices will continue to increase. Unless there is a global recession than that will be a different story.

Hope this helps.

Alex Lim
Email: [email protected]
Facebook: Alex Lim | Facebook

[Wiseman1]

Originally Posted by Alex Lim - ERA

Hi,

Just my opinions.

Specifically touching on HDB, the cooling measure will not have much a effect on the market. It is healthy to have supply in the pipeline to moderate a fast moving market and also reducing speculation by private property owners. If prices rises too fast, many will face a difficulty to own their first property. Even with all this, a HDB is meant as part of your family planning rather than an investment. So not to worry too much on the future supply.

Singapore is small and the government can easily control the prices, demand and supply. The government's intention is never to crash the market as this will cause social unrest and more political problems.

To summarize, during a good market, there must be some control to avoid a bubble. During a weak market, the government may for example; increase grants, reduce taxes or find ways to stipulate the market again.

As of now July 2011, the HDB market is still in it very healthy stage with the properties being sold within less than a week. During 2008, some took more than 3 months.

For the future, HDB will definitely peg itself with inflation and that's why prices will continue to increase. Unless there is a global recession than that will be a different story.

Hope this helps.

Alex Lim
Email: [email protected]
Facebook: Alex Lim | Facebook

Anyone reading your comments would have guessed as much that you are a property agent.....always trying to talk up the property market to your own obvious interests.....I am horrified that property agents like yourself have infiltrated this forum as well to try to con naive and ignorance people to buy all the ridiculous and rubbish priced properties in the market.

Let me tell you: All the property buyers entering the market now had better go in with their eyes wide open....obviously a majority of them do not use much brains and just follow the crowd....property developers and agents laugh all the way to the bank.....Most of them assume interest rates would always remain that low and they take up huge loans and stretch themselves to the limit thinking that husband and wife would always have jobs and benefit of double incomes and would always be healthy enough to work.....when the next recession hits, agents like yourself would have disappeared into thin air, leaving all these ignorance idiots to be enslaved to their "sky high priced" houses and possibly bankrupting themselves in the process....

Average incomes have gone up only 15% at most in the last 10 years yet average property prices have almost doubled......people are living off borrowed time to finance their huge mortages.....it is a matter of time when the whole Singapore property bubble would collapse spectacularly.....up to you if you dont believe and think the party would go on....

Simple 101 law of finance and economics....what goes up must come down.....

[Qaz]

not so Wiseman1, ur arguments are all based on personal opinions while Alex sited facts.
While its true what goes up must come down, some times it doesnt come down enough.. especially with inflation.. the value of $$ is simply diminishing... singaporeans and ppl coming in to s'pore are generally more financial savvy now and know the pitfalls of keeping $$ in banks where its value is decreasing everyday.. so wat do they do with the $$, property & shares?! no? and in my opinion, there are more people who prefer brick & motar over paper..

Originally Posted by Qaz

not so Wiseman1, ur arguments are all based on personal opinions while Alex sited facts.
While its true what goes up must come down, some times it doesnt come down enough.. especially with inflation.. the value of $$ is simply diminishing... singaporeans and ppl coming in to s'pore are generally more financial savvy now and know the pitfalls of keeping $$ in banks where its value is decreasing everyday.. so wat do they do with the $$, property & shares?! no? and in my opinion, there are more people who prefer brick & motar over paper..

Haha... in one thread you're worried about your EC purchase. And here in this thread you are a property bull. Be consistent!

Btw, with a strong singdollar, keeping cash is fine. Even in US where the usd is devaluing like crazy, Buffett and soros are keeping loads of cash.