RENT OWN SELL
Newyork
RENT OWN SELL
Newyork
In these trying times, it’s a blessing just to have a job. Becoming a real estate agent is an attractive career option, even during a pandemic. One of the biggest perks is you can be successful even if you take it on as a part-time gig; the ball’s in your court when it comes to how often you work and how much money you make.
Property owners and landlords often seek assistance with listing properties to sell or lease. Real estate agents manage all the activities required to secure a deal, be it finding viable potential buyers, coordinating inspections, or negotiating deals on the client’s behalf. Agents typically earn 6% commission of the total sale price or monthly rent, which is split between the buyer’s and seller’s agents.
One of the best things about being a real estate agent is the flexibility–you can make it a full-time job or, if you have around 20 hours a week to spare, you can do it as a side hustle.
A common misconception is that it’s better to attempt to sell or lease their property without the help of a real estate agent to save on paying commission. But an experienced agent is an expert when it comes to the real estate market and what makes a “good deal.” Some things are worth the money. Plus, agents know where the buyers and investors are thanks to their extensive networks.
There is no fixed salary for real estate agents–they earn commission from the deals they make secure. The more properties sold or secured for lease the more money they earn. But, to be successful, just know the market isn’t enough. You should also have strong negotiation skills and be willing to network with others in the industry. And, most importantly, you should have the time to devote to staying on top of the latest market trends, which often means joining professional organizations and participating in networking events.
This credential shows you have expert knowledge of real estate rules and regulations and that you’re committed to working on behalf of buyers. You learn more about the State of New York’s licensing requirements here
Brokerage firms manage real estate agents and they provide the platform on which agents advertise available properties for sale and rent. When researching a firm, consider its reputation in the industry. What do customers say about their experience with the firm and its agents? Did they feel satisfied with their services? Also, consider how each firm negotiates the commission rates for their agents.
Once you’re officially a licensed real estate agent, register with the local board, or Multiple Listing Service (MLS). This is the platform where agents list property information. Learn more about the NY State MLS here.
NY Rent Own Sell is one of the most established and well-reputed real estate companies in NYC. We not only work for the satisfaction of our clients but invest a great deal for the well-being of our team. For us, our team is our identity and we would never let our identity down.
