Career Expectations
The exciting part about a real estate career is the unlimited amount of income you can earn. You control your own destiny and all you need is the drive and determination. A real estate career has tremendous job satisfaction because you are helping your clients achieve the American dream and you are helping them invest their money wisely.
Realtors are entrepreneurs and work as an independent contractor on 100% commission. This means that they set their own hours, do their own prospecting, and become their own boss. Realtors do not have withholdings taken from their commission but they are able to write off business expenses they incur. Independent contractors pay for their own health insurance and retirement plans.
Compensation
JCS Realty compensates their Realtors more money than any other real estate company can offer.
Most real estate brokerages charge office fees, franchise fees, and they take 50% of your gross commission on top of that.
Since JCS Realty’s agents work in home based offices, there are no office fees and JCS Realty does not charge a franchise fee.
JCS Realty believes in providing Realtors with the best opportunity to succeed. With this being said, JCS Realty only charges their Realtors 10% of the Realtors gross commission per transaction.
For example:
If you sell a $200,000 home and the commission paid to you is 3%.
This is the break down of how much money you will earn.
| Item |
JCS Realty |
Most Competitors |
| Gross Commission |
$6,000 |
$6,000 |
| Office Fee |
$0 |
$600 |
| Franchise Fee |
$0 |
$600 |
| Broker Split |
$600 |
$3000 |
| Agent Commission |
$5400 |
$1800 |
This shows how much more earning potential you have when you work at JCS Realty…
Being a Realtor is just like owning your own business and there will be expenses involved.
Business Investment Outline Estimate
| Prior to licensing |
|
|
| Pre-License Class |
|
$250 |
| State Test Exam |
|
$46 |
| License Fee |
|
$88 |
| After passing test |
|
|
| Association of Realtor dues |
|
$320 annually |
| MLS usage fee |
|
$62 per month |
| Errors & Omissions Insurance |
|
$250 annually |
Plus any advertising/ office supply/ business cards/ phone bill/ internet fee/ gas expenses/ yard signs/ mail/ training materials/ etc. that you may incur.
How to obtain a Real Estate License
The State of Michigan requires the completion of a forty hour course (pre-licensing) and a passing score on the State Exam to become licensed. Pre-licensing class will give you a foundation to build on for practicing real estate. You will learn some basic real estate law, basic law in contracts, zoning, land platting, fair housing, variations of financing, and various ways to take title.
The following are some schools that provide classes for pre-licensing and classes for enhancing your business and selling real estate.
Michigan Consolidated Association of Realtors
www.mcaronline.com
Middleton Real Estate Training, Inc.
www.middletontraining.com
Real Estate Education Center
www.treec.com
Contact us for an Interview
All it takes is dedication and determination to have a rewarding career in real estate.
Whether you're currently in the industry or considering a career change you owe it to yourself to discover the outstanding opportunity with JCS Realty. We accept full and part time Realtors. <top of this page>