The Money You’re Not Making (And How You Can Change That)
You want to make more money. There’s more money in commercial real estate. It seems pretty straightforward to us.
But we get it, you’re probably wondering how much more money is there in commercial real estate? Well, larger square footage and more specialized needs mean a higher price, which means more commission, and we both know that’s more money.
On average, a commercial realtor can expect to have double the yearly earnings of a residential agent (according to the National Association of Realtors’ (NAR) surveys of its members.) You read double correctly, and that’s just on average. On top of that, commercial real estate agents can expect a higher salary. So when outside factors affect your sales you’ll keep more money before your commission.
And that’s just average salaries. Your earning potential in commercial real estate is also much higher. At the time of writing, the median listing price of homes in Dallas is currently $385,000, according to Zillow. In comparison, the median listing price for a multifamily property in Dallas, according to LoopNet, was $3,325,000. That means a difference of $88,200 in commission from a single deal ($11,550 for the residential deal and $99,750 for the multifamily.)
At the end of the day, listing prices must be taken with a grain of salt, but the range of pricing in commercial real estate is also much larger. That means that the highest value homes sell for a fraction of the highest value commercial properties. And if you want a chunk of that money, all you need is knowledge. The Residential to Commercial Academy can make these commissions a reality.
What Are You Waiting for? Try it Yourself!
It’s one thing for us to tell you how much more you could make, but we think it would be even better if we showed you! Go to any commercial listing site and find a listing in the category your interested in.
Then, all you have to do is answer a few questions below, including the price of that listing, and we’ll let you know what you could make on that deal. Compare a few deals and you can get a feel for just how much is being left on the table.