12/16/2021 - California / Michigan

How To Make Money with a Real Estate License

Written by Tessa Sims

Many people imagine having a promising career in real estate. Some people decide to turn their dreams into reality by getting their real estate agent license. A career in real estate can be very promising because it allows you to make money in several ways aside from closing deals on houses. 

What Are the Benefits of a Real Estate Career? 

A career in real estate can be promising for young and ambitious self-starters who love communicating with others. If you want to get your real estate license or make a career change, here are a few benefits to consider

You Are the Only Person Standing in Your Way 

The growth of your real estate business is entirely up to you. Licensed real estate agents can scale back or grow their business as much as they want. It all depends on how much work you want to put into it. There is no limit on how many homes you can sell or how much money you can make. 

A Fast-Paced Work Environment 

If you enjoy working in a fast-paced environment that can be both dynamic and lucrative, a career in real estate is the right choice for you. Real estate agent jobs will keep you on your toes. Because if you are not out there selling or making deals, you are not making any money. However, if you are willing to work hard, the payoff will be substantial. 

A Great Opportunity for Social Individuals

Making connections with others is the key to being a successful real estate agent. That is why it is a great career option for individuals who are natural social butterflies. It is the ideal profession for anyone who loves meeting new people and networking with others. 

The 5 Best Ways To Make Money With a Real Estate License 

While you may have aced your real estate school exam and had plenty of success when studying to become a licensed agent, that does not necessarily mean selling houses to buyers will be easy for you. Convincing sellers to list their homes with your agency or convincing buyers to allow you to show them properties they may be interested in can be tricky. Fortunately, there are other ways you can benefit by getting a real estate salesperson license.

You have invested a lot of time and money into becoming a licensed real estate agent. And now it is time to make that license work for you. That is why we put together this list of the five best ways to make money after you get your real estate license.

Invest in Real Estate 

Many real estate agents have become investors. Even those who have seen success with selling properties have taken on the role of a real estate investor. These licensed agents flip houses or purchase income property to make a profit. And one of the best perks of being a licensed agent who is also an investor is that you get first dibs on desirable properties as soon as they are listed. 

Become a Real Estate Broker 

If you aspire to lead other real estate agents and grow your team, you should consider becoming a real estate broker. You will have to pass a state test to obtain your broker’s license. But once you do, you can work as an independent agent, and you can also have real estate agents listed under your license. If other agents on your team close a deal when you are a broker, you will receive a commission. Becoming a broker is an excellent opportunity to help other up-and-coming agents be successful. 

Become a Referral Agent 

A referral agent makes money by sending their clients to other real estate agents who they know and trust. While the other agent takes care of the transaction, the referral agent will receive a fee once the deal closes. In most cases, the referral fee is between 20 to 25% of the commission received by the other agent. It is a simple and easy way to make some extra cash while helping a fellow agent at the same time. 

Become a Real Estate Instructor 

You can become an instructor and teach real estate classes to future agents when you have your real estate license. You have the option to teach part-time while you continue to sell houses, or you can commit to teaching full-time. You will need to continue your education to keep teaching and can go on to earn other designations such as a CRS, GRI, or CCIM. 

Contact Us for More Information About Making Money With a Real Estate License 

Are you interested in learning more about the benefits of becoming a licensed real estate agent? If you want to find out about other ways to make money when you have a real estate license, get in touch with us here at Agent Real Estate Schools today. We will be happy to assist you and answer any questions you may have about our courses. 

Ready to Learn More? 

If you’re already a licensed agent and ready to take your career to the next level, check out our self-paced broker license program. Not yet licensed, but thinking about becoming a real estate salesperson? Find out more by attending our free Career Day event, or try a free class with us!