A Career in Real Estate - Frequently Asked Questions

What should I expect when I’m starting out?
In real estate you are your own boss, running your own business with some upfront expenses. Typically you can expect to invest between $1,400 to $ 2,000 during the first 60 to 90 days to cover your real estate school, state exam, marketing materials, Board of REALTORS^® and Multiple Listing Service dues and other items depending on how aggressively you want to launch your career. Don’t expect a paycheck for the first few months. Real estate sales are paid on a commission basis and it takes time to establish and build your customer base.

What does it cost to get into the business?
Typically you can expect to invest about $1,400 to $2,000 during the first 60 to 90 days to cover your licensing, marketing materials, Board of REALTORS^® and Multiple Listing Service dues and other efforts, depending on how aggressively you want to launch your career

What type of license do I need?
You will need to have a license in order to practice real estate. License requirements and avenues to get your license vary by location and by state. In all cases you will be required to take a state exam and complete a license application. Contact us and we can walk you through the steps based on the location where you want to conduct your business.

How much income can I expect to make?
The amount you make really depends on you. Highs and lows are part of any sales career – some months will be higher producing than others. Don’t expect a paycheck for the first few months. Real estate sales are paid on a commission basis and it takes time to establish and build your customer base. Also be sure to allow for ongoing costs. Just like running any business there are costs associated with growing and maintaining your customer base.

What type of person does well in real estate?
Superior sales ability always helps. But as long as you are committed to having your own business and willing to work hard, you can have a gratifying career. At Coldwell Banker United, Realtors^®, we have people from all ages, all types of previous careers, and different walks of life who have become extremely successful. Some questions you may want to ask yourself: Are you self-motivated and well organized? Are you comfortable with technology? Do you have a confident personality? Do you enjoy flexible work hours? Do you like the idea of having no limit on the amount of income you can make? Are you resourceful?

Do you offer new agent training?
Coldwell Banker United, Realtors offers extensive start-up training then ongoing training to help you be successful.

Are there part-time opportunities in real estate?
If you already have your real estate license, at Coldwell Banker United, Realtors, we can show you how to use your license to earn referral fees without being an active agent. Membership offers you the opportunity to earn more income as a result of talking to people you already know and offering them your relocation services. When the opportunity presents itself to help someone purchase or sell real estate anywhere in the United States, you can be ready to help and earn income. Contact us to learn more.