All Forum Posts by: Davonta Williams

Hey I’m about to become a new real estate agent in nyc and I don’t know if I should do commercial or residential property in 2021-2022 like what would be the the best market to choose from during this time?

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I soon be a new real estate agent in NYC and I was wondering Do I need a car as a real estate agent ? Will it benefit me in anyway ? Or should I just stick to transit transportation?

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Originally posted by @David M.:

@Davonta Williams

Just to add on... i believe the statistic from the National Association of Realtors is 75% of new agents drop out in the first year. By 3 years 95% have dropped out...

So million dollars listing is fake ? 😅

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Originally posted by @Bruce Woodruff:

@Davonta Williams You can do the math yourself if you're serious. What does the average home sell for in your area (the type you'd most likely be selling/buying?). Assume a 5% overall commission, you rarely see 6% anymore. And you'll get half of that.....Now figure splitting the commission 50/50 with your broker.

So a $300k house x 5% = $15,000. The other agent gets half so you get $7,500. Your broker gets half so you end up with $3,750. Divide into $1,000,000. That gets us to 266.66.

So now ask yourself......can I do 267 real Estate deals in a year, working part time?

The answer for most people would be - Hell No. Did that answer your question?

PS - Realtors, check me on this, I'm guessing at some of these figures....

In NY it’s 6%.

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Is it possible for new agents to make a 100k a year part time ?

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I’m planning to get my real estate license but I don’t if I should get through a real estate school or a brokerage and why ?

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I think having a Architecture degree is a good combination with a real estate license?

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Okay so the college semester is coming up and I need to register for classes but I’m trying to get my real estate license and I don’t know what to do should I do either 1.college full time and real estate part time ? Or 2.college part time and real estate full time ? Or 3.college part time and real estate part time ?

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All Forum Posts by: Davonta Williams

Davonta Williams has started 7 posts and replied 9 times.

Post: Can I Benefits from Wholesaling!?

Post: Commercial or Residential 2021

Post: Do you need a car as a real estate agent ?

Post: Possible or Impossible

Post: Possible or Impossible

Post: Possible or Impossible

Post: School or brokerage?

Post: Architecture + Real Estate

Post: College Student & Real Estate Agent