In Hendersonville, North Carolina, an average house costs $200,000. Many Realtors charge a six percent commission. Some charge more. Some charge less. Let's use 6% for our example.
Anyone that is selling real estate full time is a member of the Hendersonville Association of Realtors. Being a member of the Association of Realtors is a requirement to use the Multiple Listing Service.
If a home seller lists his house with Keller Williams Mountain Partners Realty, he will agree to pay a 6% commission. Keller Williams Realty will submit that $200,000 listing to the M.L.S. By doing this, Keller Williams invites their competitors to bring their potential buyer to see this house. Keller Williams also offers to share the commission with the real estate company that brings a buyer. Realtors call this co operating.
An agent over at XYZ Realty finds a buyer for this house. The XYZ agent co operates with the Keller Williams agent and shows this house to his potential buyer. The buyer likes it and and submits the offer through his agent to the Keller Williams agent. The owner accepts the offer.
That six percent commission, $12000 is split fifty fifty between Keller Williams Realty, the listing company and XYZ Realty, the selling company. That agent at Keller Williams Realty has to split that $6000 with Keller Williams Realty. At Keller Williams Realty , the agent gets 70% of the $6000 or $4200. Some companies pay more. Some companies pay less. Let's use 70% for our example.
When you sell an average house in Hendersonville, North Carolina at Keller Williams Realty, you earn a $4200 commission. If you came to work on commission at Keller Williams Realty, could you sell one average house per month? If you did, you would earn $4200 per month or $50,400 per year.
Are you making that at your current job? A real estate agent at Keller Williams Realty is constantly exposed to training. It is almost axiomatic that a person that sells twelve houses this year will sell eighteen next year.
You get better. The job gets easier. Your past clients call you back. You don't have past clients the first year. There is a bunch of stuff that you don't know the first year. Everything is a struggle when you are new.
It gets easier every year. Next year you know things that you did not know last year. Your salesmanship gets better. You learn to deal with people that are stressed out because they have a champagne taste and a beer budget. You learn to use technology to to make your job easier.
By year five, you can hardly remember that first year when you only sold twelve houses. The system still works the same. You understand it better. Your 70% split has turned into something bigger and better for you. You are earning passive income from Keller Williams Realty's profit sharing plan. Past customers call you and buy another investment house. Your income is larger and your workload is smaller. At Keller Williams Mountain Partners Realty, we call this a career.
It all started when you enrolled at First Real Estate School in Hendersonville, North Carolina. www.firstrealestateschool.com That $300 tuition for that real estate broker pre license course seemed like a fortune at the time. Now, it feels good to have a saving account. Now, you have bought your first rental house and are looking for your second.
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| Start a new career at First Real Estate School in Hendersonville |
Now, you wonder why you ever put up with a boss that told you when to go on vacation and what time to show up in the morning. Today, you go on vacation when you want to and start to work when you want to. You don't work on Sunday ever.
The hardest part, the scariest part is starting. Let First Real Estate School help you start. Call me, Ron Climer, at 828 440 1064. Ask me about Keller Williams Mountain Partners Realty's tuition reimbursement program or watch this video. https://www.youtube.com/watch?v=x1EpyxI_Gkg
www.ronclimer.com www.climerconsulting.com www.ncrec.com
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