Dc Real Estate Commission: Fill & Download for Free

Without knowing additional details, I will take a shot at covering the relevant points.All real estate licenses in the US are issued by individual states. There is no federal licensing available. (I am currently licensed in sixteen states, will have a seventeenth likely within the next couple weeks, and have an application in for an eighteenth state - and I live in California.)The states do not require you to be a resident in the state to issue a license. However, some may require you to be a citizen. I have read California no longer requires citizenship. However, you will likely need a Tax ID number, green card, visa, or some other identifying documentation. Check with the state you wish to move to for details. You can Google just about any state's real estate commission with a simple search "<state> real estate commission" and you will find their site that will have much of the information you need. Many states are also easy to work with and want to be of help when you call them (you will be lucky to get a live body EVER for California - they are severely messed up in their customer service).Some states will also require you to take some portion of the required education or testing in-state. I had to travel to New York to take their broker exam, as well as the two tests for the online education that I was able to take. For New Jersey, I had to take a week long ethics class in-state (Neptune, NJ is beautiful by the way - don't stay in the city of Newark as it is a cesspool!). For Washington DC, I had to take a 3 hour course on Fair Housing that was only given live that was only available in Maryland or DC. DO YOUR HOMEWORK on finding everything that is required. All the states are different. I also had to take my Massachusetts exam in-state. Arizona is a pain as you'll spend a couple weeks there taking a course.Georgia is the best state for reciprocity licensing in another state (if you are licensed in Georgia, you can get a licensed in several other states without taking their tests or education requirements (or taking state only tests) - BUT, you have to be a resident in the state as well as being licensed there to use their reciprocity agreements).The last thing that is important, as a salesperson you will be required to hang your license under a full broker before you can do any real estate activity. This is true in all states. So, once you are licensed, you may want to work out working for a brokerage prior to moving to the US.I hope this helps. Good luck.

Yes for sure, and approaching the job like a full time profession is essential. Most brokerages have commission structures that will pay agents a net rate of between 60% and 70% of the gross commissions they produce, assuming the agent is reasonably productive.Working backward, if an agent sought to earn an income of $75,000 per year, they'd probably have to generate gross commissions of about $120,000. At a per side commission rate of about 2.8% today, it would take $4.3 million in home sales volume to generate $120,000 in gross commission. The national average home sale price is about $175,000 these days, so that's 24-25 houses per year. In a market like SF or DC or the OC, the average home sale price might be $400,000+, and it could take only 10-11 transactions in these locales to generate $4.3 million in gross commission.However, 24-25 deals per year is a LOT of hard work and multi-tasking (finding clients, seeing homes, writing offers, negotiating deals, shepherding the closing process, etc), and 10-11 deals in those top tier markets is made difficult by greater agent competitiveness in the more lucrative areas.Some agents make a whole lot more than $75,000 in net commissions, and most make a whole lot less. Personality, discipline, training, the tools they have at their disposal all contribute to these differences in income. For all agents, there are also potentially significant out-of-pocket fees for real estate board membership, advertising, technology, transaction fees, etc., so the take home after expenses is also going to reflect an agent's level of professional efficiency and business acumen.Two add'l comments: It is a heck of lot easier to become a real estate agent than it is to earn a great wage as a real estate agent. Beware succumbing to the idea that moving to a new brokerage with higher splits will solve an agent's income challenges...too often the support from the highest split firms is the least, which actually can hinder agent production.The firm I work for, ZipRealty, offers a ton of value to agents -- media exposure, productivity technology, customer leads, training, support -- and while many of our agents earn a lot more than $75,000, every one of them who does is a consummate professional with an intense work ethic.

Ok generally a realtor makes 3% of the sale when everything is said and done. Where I live, Washington DC most agents clear $10M and if you don't do $10M you're on your first year, you're part time or you absolutely suck. When I buy property my agent sold alone $25M in property therefore making him $750k in commission. But being a realtor isn't a job it's a business so he probably took home like $500k after taxes paying his assistant accountant and advertising etc. there are realtors in Califfornia Hawaii Miami New York that sell $250M a year. But that's a lot of work, the way to really make money is to buy real estate and being an agent two incomes.