How Much Money Can I Make as a Real Estate Agent?

So you’re thinking about becoming a real estate agent? That’s great. There’s truly no other profession in the world quite like real estate. Whether you’re helping someone find and purchase their dream home or taking away the stresses of selling, being a part of your clients’ major life milestones is nothing short of a privilege. 

If you’re transitioning from another career to one in real estate, you may be wondering how much you could potentially earn as an entry-level agent. While you should ultimately get into the business because you’re passionate about it, it is important to recognize the unique revenue model that it involves. 

Unlike other vocations, real estate agents don’t typically work on a static annual salary. Instead, income is based mostly on individual performance. 

Are you considering a career in real estate? Check out these helpful blog posts to learn more about what it takes to be an agent. 

• How New Real Estate Agents Can Succeed in Vaughan
• 5 Steps to Becoming a Real Estate Agent in Ontario
• 9 Things to Know Before Becoming a Real Estate Agent

The Truth About Real Estate 

In our 30+ years of buying and selling homes, we’ve learned a thing or two about the real estate business. As a potential agent, one thing you should know is that real estate is competitive – especially in the Greater Toronto Area. Last year the Toronto Regional Real Estate Board (TRREB) reported north of 70,000 agents working in the city and its surrounding communities. 

As an agent, part of your job is to stand out from the crowd to attract clients. The more clients you have, the more money you can make. However, you will ultimately be competing with thousands of other agents for their business. Depending on how you build your career, this could be a significant portion of your day-to-day. For instance, some brokerages ask their agents to do cold calls, go knocking on doors, or take on other time-consuming marketing and lead generation activities.

What Makes a Great Agent

As a real estate agent, your personal performance will directly affect how much income you bring in. While there are other factors that will influence your stream of revenue, the road to success starts with you. Given the competitive, self-starter nature of the business, being a high-performance agent involves a unique set of skills, traits, and personal qualities. 

At the end of the day, real estate is a people business – so it helps to be a ‘people person’. Almost all top-earning real estate agents are especially extroverted, outgoing, and comfortable in high-pressure situations.

As an agent, you’re walking clients through a fairly big life change. During a move, things can become highly emotional, and they often do. You’ll also be performing critical negotiations during one of the most substantial transactions of your clients’ lifetimes, so a knack for confidence and composure is also important. 

Of course, these qualities can be developed and nurtured over time. However, it can be tremendously helpful to hold some of these traits before you begin your career.

As a real estate agent, working with the right brokerage can make a huge difference in your career. To learn more about what brokerages do, explore some of these posts from our blog. 

• 6 Things to Look For When Choosing a Brokerage
• How an Industry-Leading Brokerage Supports Their Agents 
• How to Find a Brokerage Suited to Your Needs

Perks of Working With the Lino Arci Team

While your personal performance will be the driving factor in how much money you can make as a real estate agent, the team and brokerage that you choose to work with will also make a big difference. 

As Vaughan’s leading real estate team, we’re constantly searching for highly-motivated sales representatives to bring on board. In our three decades of real estate experience, we’ve created unique and effective systems that help new agents earn as much income as possible – even during the first year of their careers. 

Thanks to our proven selling systems and reputation for results, our agents are well set for success. As a member of the Lino Arci Team, you won’t need to engage in cold calling or other lead-searching activities. Rather, our in-house database of motivated buyers and sellers provides you with access to high-quality leads right out of the gate. You also receive additional support, training, and other resources to ensure you flourish in your new career. 

Are you a recently registered agent seeking a prime brokerage to build your career? Contact us at info@arciteam.com to discover if the Lino Arci Team will make a great fit for you.