Real Estate Agents: How To Make $1,000,000+ Per Year
Real Estate Training & Coaching School
Real Estate Training & Coaching School
4.7 • 669 Ratings
🗓️ 30 January 2023
⏱️ 26 minutes
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| 0:00.0 | Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. |
| 0:10.2 | This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience. |
| 0:18.2 | What's really working in today's market, how to generate more leads, |
| 0:21.8 | make more money, and have more time for what you love in your life. And now your host, Tim and |
| 0:28.3 | Julie Harris. Three, two, one. We are back. We have a really fun topic for all of you today. |
| 0:35.9 | And it is how to make a million dollars, |
| 0:38.2 | or really at least a million dollars a year in real estate without any further delay, Julie Harris. |
| 0:43.7 | Yes. So let's define what it would actually take. This is for my note takers. You might want to jot this |
| 0:48.9 | down. Warning. So a million dollars in gross commission income known as GCI. you can do that at 100 transactions with 10,000 average commission. |
| 0:59.8 | We're accounting for, let's just say, on average 20% off the top. |
| 1:03.6 | So based on the national average of a $400,000 sale price, a net commission to you of 10,000, it would take you about 100 transactions |
| 1:11.8 | if your average sale price is 400,000. Now, many of you, your average sale price is more than that, |
| 1:17.8 | as it's been climbing year over year. You might have an average sale price of, say, 750. At that level, |
| 1:23.7 | you'll need 55 transactions. And if your average sale price is actually a |
| 1:28.0 | million you'll need about 40 transactions so that illustrates the differences |
| 1:31.8 | in average sale price and commissions now if you don't want to make or have any |
| 1:35.6 | desire to make a million dollars per year you can adjust this plan it's about 20 |
| 1:40.6 | points by the way you can adjust accordingly you know just adjust your numbers up |
| 1:44.1 | or down. |
| 1:44.8 | But really what we want to expose you to is that you can do it. |
| 1:47.4 | We've had, I don't even know, thousands, tens of thousands of coaching clients who have |
| 1:51.9 | learned how to basically create their own income based on wherever the heck they want to, you know, |
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