Fed Financial
I need help with financial goals in real estate!?
I'm an aspiring agent. I just need to take and pass my test. In the meantime I will be working for a builder as a sales associate. These questions have come up several times and I would appreciate any help. 1. What would be your financial goal, annually, on average, in new home sales for the 1st year? 2. Over the 2nd and third year? They are asking these quesions on my application and they have to be answered in order to submit my application. How should i reply?
Public Comments
- Realistically, look at how the market is now and figure what you could do in the first year. Take those goals and start building your plan as to how to market yourself. The truth in real estate is half the battle is marketing yourself so that buyers and sellers can trust you in the biggest decision in their lives. Think both inside and outside the box.
- If you will be selling for a new home builder, you have little to worry about. This is the best place to be. Just concentrate on getting your license for now. The test is difficult.
- They want you to aim high! This will determine how hard you will work for them. The industry is trying right now, but as an agent you still make what you work for. Tell them 100k for the fist year in commissions.
- In my experience, developers have different commission schedules that those working traditional real estate. Of course the developer wants to hear that you want to make alot of money, and you will be basically camped out 24/7 in that model home making sales. But that is not realistic. Get an idea in your mind of how much you need to live comfortably. Put that down. It is real and you will work toward that. Then in the subsequent year, you will want a nicer car. A Coach bag. A week in Vegas might be great. Gucci shoes. What will it take to have that? Put that down. It is real and you will work toward that. Since you are doing great, year 3 should have more perks. Increase figure 3 accordingly. Good luck and nail that interview!
