Thinking real estate agents are all driving fancy cars and living the high life? Think again! This video dives into the reality of real estate agent income in South Florida. You might be surprised to learn that the majority of agents actually make a lot less than you might think.
The video breaks down the income of South Florida real estate agents into three categories:
Category 1: 56% of agents make an average annual income of only $7,923. That’s just $665 a month!
Category 2: 42% of agents bring in closer to $112,000 a year, or $9,300 a month. This is a more comfortable living, but still not what most people imagine when they think of a successful real estate agent.
Category 3: Only 2% of agents make the big bucks, selling 12 or more properties a year and bringing home around $20,000 a month.
So, what does this mean for you? When choosing a real estate agent, focus on their track record of sales, not just their personality or referrals. By choosing an experienced agent from category two or three, you’ll be sure to get someone with a strong marketing plan who can deliver the results you’re looking for.
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0:00 to 0:07 Introduction: The speaker says that real estate agents don’t make as much money as people think and that they will show proof using data.
0:07 to 0:10 Number of Real Estate Agents in South Florida: The speaker states that South Florida has the largest number of real estate agents in the country, with over 70,000 agents.
0:10 to 0:18 Income Category 1: Agents Selling 0-1 Homes per Year: The speaker reveals that 56% of real estate agents in South Florida sell zero to one home a year and their average annual income is $7,923.
0:18 to 0:25 Income Category 2: Agents Selling 2-12 Homes per Year: The speaker says that 42% of real estate agents sell between 2 to 12 properties per year and their annual income is close to $112,000.
0:25 to 0:32 Income Category 3: Agents Selling 12+ Homes per Year: The speaker mentions that only 1,400 agents out of 70,000 sell 12 or more properties per year and make around $20,000 a month.
0:32 to 0:42 Choosing a Real Estate Agent: The speaker advises viewers to choose an agent based on their sales track record, not personal feelings or referrals.
0:42 to 0:50 Conclusion: The speaker emphasizes the importance of choosing an experienced agent with a strong marketing plan. The speaker thanks viewers for watching and encourages them to like, comment, and subscribe to the channel for more South Florida real estate market information.
