Real Estate Business?

Clemente Schoeck: One of you need to have the capacity of the investing in the real estate. You have the ability to know the market fluctuation.

Dalila Yoon: If you are thinking about running a business which helps people buy and sell real estate, at least one of you will have to become a real estate broker. However, I'd strongly urge both of you to become real estate agents first to see how you like the business and what kind of living you can make from it. Real estate agents engage in the same sort of activity, but they do so under a supervising broker.A typical commission can be 6% of the sales or purchase price. This is then split between the listing company and agent, and the selling company and agent, with each of the four typically receiving 1.5% of the 6%. So, if you helped someone buy a $300K home, your company would earn $4,500, and you would also receive $4,500. (The company and the agent on the other side of the transaction would receive the same as wel! l.)Being a Realtor can provide you with a nice income when things are selling. However, in the last two to three years, not a lot is selling. My office went from a high of 125 agents three years ago, to approximately 60 today. It's a tough business, and this is a trying time to consider entering it. Good luck....Show more