$53,806 Extra Income On the Side

agent hacking Jan 28, 2022

At the end of each year, my wife & I generate 1099s (like W-2s but for independent contractors) for the Realtors in our brokerage. These forms contain all of the income they made that year as Realtors.

As I was putting the totals in during our final 2021 payroll cycle, I was amazed once again at the amount of money you can make as a Realtor just doing a few transactions a year.

All of the people working actively in our brokerage who earned income this year were doing it on the side. It was a supplement to their income (or their spouse’s).

I averaged all of their earnings together for 2021 because some did more transactions & some did less.

Guess what the average was?

$53,806

Wow!

Now of course we also have agents that are just starting that haven’t done their first deal yet, but for those who are active in doing deals, they averaged $53,806 in extra income for their families in 2021 just doing it on the side.

None of them were doing this full-time. Some did just a few transactions & others did more.

And for every transaction they did, they only had to pay our brokerage a flat fee.

Making $53,806 is great, but if you have to give 30-50% of it to your broker, that’s not fun.

I share this with you just to remind you that if you or your spouse get a real estate license, it could result in nice supplementary income for your family each year.

Have you considered getting your real estate license in 2022?

If you’re in ministry and live in the Lubbock, Amarillo, Midland/Odessa, or Dallas/Fort Worth markets, reach out to us & we can talk about whether our brokerage would be a good fit for you!

If you live outside these markets, I’d encourage you to look for a flat fee brokerage in your area.

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