How tough is it to succeed in Chicago real estate jobs today? The market seems to be hot for some, not for too many others. How are some companies failing while other companies are wailing? The key to success lies within the individual, not the company.
Where are there Chicago real estate jobs? Chicago real estate jobs normally mean selling real estate in Chicago. Most companies are looking for agents because they basically do not pay for them. Almost the entire industry is made up of independent contractors, meaning that the agents do not get paid a salary. Normally the way it works is the agent places their Illinois real estate sales license with a brokerage. Once they are with that firm, they go out on to the streets of Chicago and look for business, people who want to sell or buy a condominium. Once they have established the relationship and begin servicing the client, the potential for making a sale is there.Â
If a real estate agent makes a sale, he or she is paid a percentage of the purchase price. For instance, if the sales price was $200,000 they might get a 5% commission or $10,000. This commission is handed over to the brokerage and then a percentage goes to the sales agent and a percentage goes to the company. Every company has a different commission split. On average, the agent will make about 60% of the commission while the company will keep 40%. This is just an average though. It’s different from one agency to the next.
Chicago real estate jobs are plentiful because every real estate company is looking for more agents to sell real estate. The more agents, the more income for the agency. The problem is not the job. The question that needs to be asked is if you’re ready to begin a 100% commissioned based business where you do not get paid unless you make a sale. 100% commission are words that conjure up fear in the meek and excite the aggressive. 100% commissions mean you can make as much money as you’d like. There is no ceiling. Real estate selling can change a person’s life if they’re good at it.
Chicago real estate jobs are abundant. Get your real estate license and interview the companies out there and start selling some Chicago real estate. You’ll know about six months later if the Chicago real estate job was for you.
