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Are real estate agents really making a lot?

Hey everyone

Can someone please explain the caveat or shortcomings of being a realtor (especially in LA)?

My understanding is that you make 2-3% commission of a property, split between the buyer n seller agents

So if I convince some rich person interested in a home to buy a 6M mansion , I earn around $120k

And then if I close a 4M deal , I earn around 80k

ATP might as well retire for the rest of the year… that’s a 200k salary!

This sounds too good to be true.

submitted by /u/ChallengeRelevant489
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1evv4hi/are_real_estate_agents_really_making_a_lot/
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