by Sydney Roy, Marketing Advisor @ManfredSchool
As a new Real Estate Salesperson, you will need to work under a “sponsoring broker.” The brokerage you choose to align yourself with will be the foundation of your new business, providing you with ongoing mentor-ship and the backing of it’s excellent community reputation. Here are 5 key characteristics of a good sponsoring broker, you should look for:
1. Commission Split Commission split percentages differ from broker to broker. Although this is important, remember not to base your entire decision off commission split. There are many other factors to consider. That being said, commission splits affect earning potential, making it an important factor. Make sure to be aware of what commission you should expect from your real estate sales.
2. Mentor-ship and Support As a new agent running their own business, you will need support and mentor-ship. Some brokerages have training and education programs that can...
How Much Does the Average Real Estate Salesperson Make in New York State?
According to careerexplorer.com, the average salary for a real estate agent in New York State is around $116,460 per year. Obtaining your real estate license is quite quick and easy. However, having a real estate license does not guarantee a high income. As a salesperson, you are essentially starting your own business. Whether you make above or below the average salary will be entirely up to you.
Earning Potential is Directly Proportional to Dedication
Having your own business has some distinct advantages like making your own schedule and not having to answer to a “boss.” Getting into real estate means you do not have to be at an office or at a desk from 9-5. It also means that you do not have a set salary or hourly wage. What you earn is directly proportional to the amount of work you put in. “Work” in the real estate industry means...
State Exams are Back! What Does this Mean for Our Students and How Do We Plan to Help you PASS?
Corona-virus Halted State Exams
The Manfred School is honored to be an institution relied upon by many prospective real estate salespeople across New York State. We felt an enormous responsibility to continue to bring educational opportunities to our community especially during the challenging recent months. During hard times, it is important to hold onto our dreams and goals. We quickly responded to safety concerns and guidelines by restructuring our licensing and continuing education courses into webinars. We were there to answer questions and guide our students. However, there was one important factor that was out of our control. The Department of State halted testing and we did not know when it would resume. After following up with phone calls and emails on a weekly basis, we are happy to announce that they have decided to continue...