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Already from the intro of this video I like this guy

Awesome video my man. I legitimately had no clue how Relators got paid and now I have a good understanding.

He reminds me of Jessie pinkman lol, awesome job bro!

Thanks man. You have the right personality for this. You presented this simply and clearly. Very valuable. I subscribed

I’m looking for a brokerage to hang my license. I interviewed KW and it was okay if you have money to give away. The split was 70/30. I interviewed Coldwell banker it was $110 a month and a 50/50 split. I interviewed at Remax 90/10 split and $240 a month desk fee. Last but not least Cutler they said no fees for the first year, 50/50 split. It’s a toss up between Cutler and Remax. I’m in Columbus Ohio it’s a super hot market.

Thanks man I’m pursuing a career in Business Management and entrepreneurship and a minor in real estate. This is really a huge eye opener appreciate it✊🏾

Awesome info. Might give it a try after college.

You forgot to add in all the yearly fees it takes to stay an active real estate agent. MLS, NVAR, Sentrilock....on and on....

Thanks for this video brother im tired of seeing so many real estate people say oh yea we make 11k a month this that and another..... hyping people up. when their not telling you your gonna have to split up that 11k between the brokerage and all that plus you gotta pay taxes too so that 11k aint really 11k to take home in your pocket! Much RESPECT to you dude for being REAL :)

My realtor claimed that she is working for me for free, and claimed that she legally cannot show me the inside of the house (when we were standing right front of the house for sale) without signing a contract for her to be my exclusive realtor. I just didn't feel right, that's why I am learning the insights via your videos, and subscribed!

Great information. The key is executing and taking action. Too many people watch and do little to nothing with the information.

Curious, what about your 1099- Are your taxes based off the $11,000 or the $5,702?

Man this was super helpful, I appreciate your hard work.

Referral fees from relocation corporations could cut that amount in half, plus your time, gas money, lunch or dinner expenses, taxes, mls fees, office supplies, etc..you are an independent contractor.

This is definitely one of the more helpful videos I've seen on this topic, very transparent and taught me exactly what I was looking to learn, thank you!

Wow before I really wanted to become a real estate but google said only 45 k a year but then this guy he reminded us that we are above average and we can earn over 500 k a year I’m so happy man 😊

2.5? What’s the point of doing it, do you live in your vehicle for the first five years

A never ending struggle, most throw in the towel

Say you buy a rent house, Can you sale that house or not because that's a rented house? Do you need a house to buy with no paying rent?

Great video and personality. I'm only a freshmen in high school but this video along with others inspires me to be an amazing realtor.

Thank you for explaining everything so thoroughly!!

IF YOU SELL A 1M HOUSE HOW MUCH DO YOU MAKE LIKE FOR YOURSELF

Nice overview. That is way more fees I imagined. Thinking of getting my license and doing this to a) supplement my day job income at first, but once I get going b) replace my day job income and c) pursue flipping/investing in my own properties. Is this really something someone can do part time (like nights and weekends)? How many houses can you potentially sell per month/year part time vs full time?

Love the videos man! Keep up the great work!! Any tips on passing the psi exam??

Informative, so are people making a decent living doing this?

Love your energy + this is very well explained!! Not enough people realize this!!

How can a buying agent represent the buyer's best interest when they are getting a percentage of the sale price? The buyer's best interest is a lower sale price but the agent makes more money the higher the price

trying to become and learn more on being a real estate agent any tips

Good job Matt. The first big mistake for most agents is a business model, a focus. So this is Matt's business model, this will differ from different Brokers. Now I I have much better splits but my market is much different of course. My way of teaching this is to put a value to your hourly rate. Let's say you want a rate of $150 per hour, I would have a max of 38 hours with the deal above minus expenses, which can make or break a deal. And adding to the fun, if this is a referral, add another 25% plus coming out of your pocket. Now let's say this is a new construction deal. Now you are talking about $500 per hour or more, take note newbies, lol. Now for the dark side of the force, the expense can add up to alot. Gas, closing gifts, marketing, lead gen tools, signs, key box, and did I say marketing? Keep track of it all per deal. And, all the time spent on deals that fell through or clients that ghost. All that zero time goes into your year end. Great job Matt, I subscribed!!!!!

So you're telling me that after "Other Expenses" you're still willing to help a buyer for only 2.75%? Come on man. Use the buyer representation agreement from the beginning and have them agree to pay you the remaining gap for 3%. Or move to a brokerage that only charges you a transaction fee of $99 and lets you keep all your commission.

I just found your channel man and I gotta say you are one of the best in my opinion!! You’re awesome!! Thank you!!

Dude. 3 hours of watching videos. This is my kinda of guy. No bullshit right to the point. I’m 22 looking to turn a new leaf

im very young and ive been seeing people do real estate and be very wealthy so im focusing to do real estate

Thanks for the information. Very informative I’m very excited to start class soon.

Sad days, here in Cali that 5700 is most likely 3500-3800. Still better than what I make rn but wow.

Good video just tells me there is good real estate agents out there unlike the ones I have dealt with in the past

So pretty much it comes down to a 50/50 split from your gross pay, good to know. Thanks Matt!!

Great video - well explained. I have been a real estate photographer/videographer for the past few years. Do you think it'd be beneficial to get my license? Do you think the added value of my experience with photo and video would increase my deals?

Absolutely incredible video. Great job man!

Awesome video Matt! Are you investing in apartments as well or just looking at being an agent? 🤔

Do you get taxed 60% on commission tax?

Thanks bro this was helpful 👌🏼

Great video! You have not mentioned marketing cost, how much is the marketing expense? Thank you

Great vid. Very informative!

What's a realistic number of sales per year for a real estate agent?

I have a friend who started off as a part time Real Estate Agent back in 2017. He didn't know what to expect. He didnt even think he was the right person to engage and communicate with clients or anything like that. He figured once he got his license, he was gonna sell one, maybe two or three houses per year as extra side cash. Well skip ahead 2 years from when he started out and now, he has closed 21 deals and has accumulated $187k take home from JUST that as a side job. He keeps the money in a high yield savings acct so it pretty much grows a bit on it's own. Now I want to be an agent lol

thank you man it is realy help me

Does any company offer salary or it's only commission that sales agent gets paid?

Did you account for lead generation & home marketing expenses (photography, staging, advertising (print and digital flyers/ads, facebook/google ads) etc?

I noticed you said you are in Arlington. I am actually a GMU student and have had thoughts of becoming a real estate agent. Would you be willing to talk over the phone?

So if my budget to buy a house in NJ is 100-150k (because it is possible) then there will be less interested real state happy to help me? (Meaning the commission they are getting in considerably lower). Thanks

did you say 17 deals a day to make 60k? WTF

Subscribed I live in Virginia too, currently studying to become an agent.

Very informative!

How does it work in ontario Toronto?

Great Video!

What if you work on your own not in one of those big companies. Would you not get any franchising or team fees

Solid summary 👌👌

Do you make that in a week or month?

Love the intro, great topic, would a marketing expense make this look more real? subbed

Awesome video

Great video

I thought realtor fee is 5-6%?🤔🤔🤔🤔🤔🤔

Great job bro

Well done video

Great info

Thanks Matt👌

In my country, real estate agents only get around 1% commission

Beautiful, I'm starting to understand now...

So how much do you take home ? Thx for the info

That’s still a lot money!!! My agent has sold over 9 houses in the last 3 weeks.

What if I don’t work with a team ?

How much do you keep in pocket for yourself after you sell the house?

Soo why would I ever join a brokerage?? Go solo

Just subscribed Starting real-estate school next month had 17 years of maintenance supervisor for nursing facilities back can't do that work anymore

I wanna do 10 deals a day. 😝

interesting video

Be my mentor ?

If real estate agents only make that much for one sale how are so many agents rich as hell with nice houses lol this vid actually kinda scares me to want to become an agent

pretty intimidated by this market... I wanna give it a shot but not sure how it'll go!

The average Realtor makes about $ 15,000/ yr.

Better to sweep the streets

ITS FREE REAL ESTATE

I think Realtors need more regulations..They can say anything and never be held accountable should it blow up on their client..Besides what the incentive to help someone buy a home for realtors to get their client the best deal? We all know the higher the cost of the home the bigger the commission..So realtors aren't out there to help a client get a deal.

I think selling coke is better

Well this made me not want to be an agent lol

I think people that sell their homes get screwed big time

Wow fuck taxes

It would really suck to sell 10 houses at low purchase prices. Lol what if the whole year you were only getting paid off of houses in the low 100s. A house for 400k may take a few months to sell but you only make about 5700? You would have to juggle 3-4 houses at one time to make really good money in a quarter year

Idk why but this guy rubs me the wrong way. very informative video though good job

Real estate agents are a scam for the average middle class seller, “ uh here’s the kitchen, uh here’s the living room with new hardwood, uh this is the basement ...” thanks mr or mrs real estate agent, I’ll gladly pay you 6% so you can name to potential buyers what room they are standing in

Did he really just call $450 a small amount, smh

Just wondering do they drug test you as a real estate agent? If so hair follicul test or pee test?

This is terrible