I have noticed that several people have mentioned real estate as a possible career move if they leave aviaiton. As you all know, becoming a real estate agent today is difficult. One option if you are really into real estate is to look into property and asset management. The job can be a real pain sometimes, but as a career it may be worth looking into if you want something stable. The link below will give you some insight as to the career outlook. Feel free to PM me with questions.

http://www.irem.org/sec1ins.cfm?sec=...talent.cfm&par=

 

What is so difficult about becoming a real estate agent. I have many friends that are and they all said it was easy.

 

I've heard of a delta pilot who lives near atlanta... got a couple investors together bought a bunch of land and developed it into a fly-in community... from what I've heard he works at delta two days a week and worth a couple mil from it.... but that's just word on the street

 

You're right- I didn't express that correctly. "Becoming" a real estate agent is easy. It's a couple tests. That's it. Making more money (net, not gross) than a first year RJ FO is not easy. Here is how a typical new agent spends $1,000:

Gross Commission : $1,000.00
Corporate Advertising: -80.00 (8%) $920.00 Remaining
Company Split: -460.00 (50%) $460.00 Remaining
Personal Advertising: - 92.00 (20%) $368.00 Remaining
FICA - All 15.2% - 55.00 (15%) $313.00 Remaining

So, for every $1,000 you make you get to keep around $300.00. That doesn't include income tax either. Of course, in our current economic climate you may not have to pay any anyhow.

Oh- And don't forget about health insurance. That's a fun one too!

 

Did the realestate thing for 3 years as both an agent and broker.... TOUGH business.... let me say I have many good friends in the business but as a whole they are just a step above a used car salesman .... very cut throat business. And the WALMART mentality of America has put a strain on the traditional real estate shop... if anything its a nice sideline.... The company I worked for worked on the modified california split structure for commission payouts. Just remember there are always 4 parties to the commission... 2 agents and 2 companies... and yes they could all be one in the same. A 6% commission on a 100000 dollar house yields the new agent a 3000 dollar commission on average... then to be split with his company at 50% to start ( the company split usually gets smaller with more and more sales )... NOTE... the other half of the commission goes to the other agent and company......the good thing is a smart agent can right off nearly everything in their life as a business expense....

 

From what I hear the careers to in are agriculture, health care & energy. This is per the CBS Evening News with Ms. Couric.



atp