We started looking for a house around the peninsula/south bay and something caught my attention. Saw broker's advertising their PhD, and other advanced degrees and my initial reaction was wtf, what a waste of talent/higher education doing just sales...but upon doing a back of the envelop calc, w/ an avg house of ~$3M, and with dozens of buyers per available home, you'd need to do the bare minimum and only need to sell 6 homes per year to pull in $0.5M TC. so i guess jokes on me. TC: peanuts compared to these PhD's #housing #bayarea
Yeah but then youâd be a real estate agent
You can't calculate sales income like that... The hardest and potentially most expensive/time consuming thing is getting new clients.... 6 homes per year is easy if you have a steady steam of clients. It's impossible if you have no clients....
Education is an enabler, and if it didnât enable them to make more money than being in RE, so be it.
Not anymore. Buyers agents are getting cut out. Now only the selling agent gets the commission as sellers no longer need to pay selling agent commission. These agents will have to fight tooth and nail to get a listing now. Agents are weasels anyways.
Why are buyer agents getting cut out now ?
There was a NAR lawsuit.
I'm a real estate agent with PhD, and I invented 10 US patents that most people in US used everyday.
nice, congrats! mind if i ask, ballpark how much sales did u bring in the past year? curious what agents are making these days, thanks
If you sell just a couple of homes, you can beat your phd income and have more freedom