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Message: <blockquote data-quote="devilbat" data-source="post: 2719430" data-attributes="member: 20624">I could go on and on and on about the good and bad of the Real Estate business, but what it all comes down to is, How much time are you willing to put in?  If you are up for sixty + hours a week to start, you'll be fine, if not, then don't do it.I noticed I didn't answer the question regarding starting income.  Because Real Estate is 100% commission based, it's hard to suggest what a starting income would be.  I've seen people in my office far exceed 100k, their first year, and I have seen others struggle to make 30k.  Keep in mind that if you work for a large company such as RE/MAX, Century 21 or Royal LePage (in Canada),  you should expect a healthy bill at the end of every month.  For instance, I'm with RE/MAX and my business costs roughly $1500/month in company fees (basically a fee to work with RE/MAX), and another $2000-$3000/ month in operating expenses (advertising, licensing, marketing,  pager, office, long distance, etc..).  Add to that gas, automobile maintenance, cell phone, client gifts, office supplies, etc, that comes out of my pocket, and not billed through the office.  So we'll say there is an additional cost  of $1000/ month.  For a total of roughly $4500-$5500/month or $54000-$64000 a year in expenses, before you earn a cent for your self.Smaller companies are far less expensive, some only charge you by the sale.  Say, $200 per deal, plus a smaller monthly office charge.  But they don't have the market share that the larger companies offer.  I know that when I hand out my RE/MAX card a fairly large percentage of people believe immediately, that I know my stuff, whether I do, or don't.</blockquote>

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