Simple Questions

[zonwarrior]

Hello,

1. How come real estate agents dont go to where the expensive properties are to make good commission?

For example: John Doe lists and buys homes in Long Beach, California. Why doesnt he go and work for the coldwell banker/century 21 in beverley hills and make bigger commission there?

2. Would it help to have a degree in business economics in becoming a better agent?

3. I understand there is a salesman and a broker. When you get your real estate license are you automatically considered a salesman? Then you have to take your exam and become a broker correct?

4. If you are 18 years old, can you immidietley go towards the more expensive areas and intern there?

5. What are the initial next steps after acquiring a license?

6. How does one work for a big agency like Hilton & Hyland?

[austinki]

Generally everyone wants to sell the million dollar houses. So yes you can target the expensive areas but be aware that many other realtors are going to be targetting those same areas.

[vanclark]

If you look at the law of supply and demand it points you towards your answer.

Since there is not a huge demand for million dollar homes then it becomes difficult to make ends meet if all of your focus is on one large sale.

Instead of aiming toward dominating the 1 million plus market, you might try dominating a specific niche such as investment properties, foreclosures, or condos, or vacation homes

[Codythebest]

Hello,

1. How come real estate agents dont go to where the expensive properties are to make good commission?

You might sell one in a year, making $30K
You might sell 30 units at $200K each in a year, making $180K


For example: John Doe lists and buys homes in Long Beach, California. Why doesnt he go and work for the coldwell banker/century 21 in beverley hills and make bigger commission there?

2. Would it help to have a degree in business economics in becoming a better agent?

No

3. I understand there is a salesman and a broker. When you get your real estate license are you automatically considered a salesman? Then you have to take your exam and become a broker correct?

you take your exam to be a salesperson and/or broker

4. If you are 18 years old, can you immidietley go towards the more expensive areas and intern there?

Of course, why not?

5. What are the initial next steps after acquiring a license?

Get an appointment...

6. How does one work for a big agency like Hilton & Hyland?

I have no clue who's Hilton & Hyland. I prefer a bigger one like Keyes #1 in the south...See what I mean :-)