Property Agents make A LOT of Money

#**101** (**permalink**) 31-08-2009, 04:38 PM

What the press says is just reporting on what they find. It maybe misleading. Frankly speaking, anything/everything in the world is normal (Gaussian) distributed and not uniform distributed. Out the 30,000, how many really moved to the top. Anything you do, 70% is on hardwork, 30% on luck. I'm not an angent, just a normal engineer. I have a director friend whom just got a new agent under him. She, the new agent closed a deal on a condo on her first day with her auntie. Well i consider this luck and not professional.... lolz.

Everyone has different goals and aim in life. It doesn't depend on how much you earn. Its more on how satisfied are you in life. The guy can earn 30k/month but spend 35k/month, considering someone with earns 1.2k/month but saves 600/month. Who's richer?

My fren tell me to quit my engineer job and join him, but i didn't. As a Singaporean, a fixed income job is essential in order to have a basic life-style. First of all, i can't risk a month without income due to family commitments.

Financial planning is very important for todays Urbanization. Invest part of your wages into low-risk/med-risk funds or stocks. In long-run u'll see the fruits.

An engineer can't earn big bucks, but he/she won't starve to death. One option i can see on myself is that, i work for money -> make money work for me.

I just hope those articles and those posts don't make others do rush decisions in being REA.
Greediness and ambitious are just separated by a line.

glenndanker · #**102** (**permalink**) 01-09-2009, 06:04 PM

Yes, property agents earn a lot because they sell big ticket items thus their comissions are high. But I don't think every property agent earns that much. It really takes effort and branding to earn a lot.

#**103** (**permalink**) 03-09-2009, 01:49 PM

Quote:

Originally Posted by GuY

What the press says is just reporting on what they find. It maybe misleading. Frankly speaking, anything/everything in the world is normal (Gaussian) distributed and not uniform distributed. Out the 30,000, how many really moved to the top. Anything you do, 70% is on hardwork, 30% on luck. I'm not an angent, just a normal engineer. I have a director friend whom just got a new agent under him. She, the new agent closed a deal on a condo on her first day with her auntie. Well i consider this luck and not professional.... lolz.

Everyone has different goals and aim in life. It doesn't depend on how much you earn. Its more on how satisfied are you in life. The guy can earn 30k/month but spend 35k/month, considering someone with earns 1.2k/month but saves 600/month. Who's richer?

My fren tell me to quit my engineer job and join him, but i didn't. As a Singaporean, a fixed income job is essential in order to have a basic life-style. First of all, i can't risk a month without income due to family commitments.

Financial planning is very important for todays Urbanization. Invest part of your wages into low-risk/med-risk funds or stocks. In long-run u'll see the fruits.

An engineer can't earn big bucks, but he/she won't starve to death. One option i can see on myself is that, i work for money -> make money work for me.

I just hope those articles and those posts don't make others do rush decisions in being REA.
Greediness and ambitious are just separated by a line.

Sometimes i make jokes at some of the engineers for their low pay long hours and they just give me this sad look and have their head down. I pity them, they just look so pathetic to me.

glenndanker · #**104** (**permalink**) 03-09-2009, 03:57 PM

Don't let the smoke, smoke you. You have to do your own leg work. Like if you are going to do freelance job, first thing first, check your finance sheet. How you and family going to live on, how long it can last you? How high is your financial Quotient? Are you a discipline person? What are your market? Most of the time your warm market that is your direct family, relatives and friends may not be at the right time, right place to buy or sell, you may have to do other form of marketing, are you prepared to do them? Read up books to prepare yourself. A suggestion is you may start co-broking or be a referral before doing it full time. Talk to your family, get their understanding and support. There are many ways to make money work for you, Heard about this author Robert kiyosaki, RicH Dad Poor dad, try to read this to get your mind thinking... Don't rush into things and regret it.......

poorbanker · #**105** (**permalink**) 04-09-2009, 12:02 PM

If you look at the top 5~10% percentile of most sales-related jobs....you will find that these people earn an obsene amt of $$. BUT do remember that there're 90% or more people doing the same thing are still struggling to stay afloat/trying not to be the next head to roll.

glenndanker · #**106** (**permalink**) 09-09-2009, 09:05 AM

Every trade, there is a uptrend and also a downtrend. Do hear stories about successful deal earning ten or even hundreds of thousands of $$$. But botttomline, it is work smart and maintaining rapport with your clients right!!!

Joys · #**107** (**permalink**) 23-10-2009, 05:13 PM

Hi,

can fill in more details abt property agent market to me?

I'm an insurance agent...

Joys · #**108** (**permalink**) 23-10-2009, 05:18 PM

to simple agent...

I happened to see this page after 1 yr of your posting... wonder if you had moved to management already?

#**109** (**permalink**) 06-01-2010, 01:08 AM

I joined Real Estate 2 years ago with about $12,000 savings in my bank.

Now I have $782,000 in my bank.

Enuff said

#**110** (**permalink**) 06-01-2010, 08:14 AM

wow congrats! by your estimation, what percentage of agents make as much as you do?