| Can a NYC real estate agent actually make a decent living?

Can a NYC real estate agent actually make a decent living?

unknown_citizen asked:


Can nyc real estate agent actually make enough to survive? Since there’s no hour salary and a million sales agent trying to compete and sell the same house. Is it worth it to even become one since there’s so much competing against each other.

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Comments

4 Responses to “Can a NYC real estate agent actually make a decent living?”

  1. Carolyn on May 8th, 2009 6:22 am

    You can do it but it is not easy.

  2. greeter7 on May 8th, 2009 11:01 am

    You evidently are not a sales person. Any sales person worth their salt can and will make a success if ones training has been great and IF YOU are a natural born salesperson. I have been doing it for 55 years and made a fabulous libing. It is NOT THE ITEM ONE SALES it is THE SALEPERSON WHO MAKES THE SALE WHATEVER IT MAY BE!!

  3. Brunette Barbie on May 10th, 2009 3:16 pm

    One month you can be making good money, the next month be broke, its a tough living. Your best bet is a state job NY is lucky with raises & such, FL is very different.

  4. Freddie Adu About Nothing on May 14th, 2009 12:39 am

    Yes they can make a living. Any semi-successful NYC real estate agent should be making 400k+. Top agents will easily break $2 million a year.

    The problem is that it takes money to advertise and getting to a place where your business is established will take years. Advertisement is more expensive in NYC….but if you are serious and can afford to starve for a year of so (a spouse who supports you) it’s a very lucrative market.

    Real Estate agent income is based on median cost of the area they sell in, the market segment they specialize in…..and very importantly and always forgotten - the TURNOVER rate of real property. CA for example has an extremely low turnover rate cause by artificially low property tax.