How Much Does a Self-Employed Estate Agent Earn – and How Long Before I Start Earning?

How Much Does a Self-Employed Estate Agent Earn – and How Long Before I Start Earning?

If you say money isn’t important to you, we’d probably have a hard time believing it! Two of the most critical factors in choosing to become a self-employed estate agent are how much you can earn and how long it takes to make your first commission.

The good news is that being a self-employed estate agent comes with a higher earning potential than a traditional career in the field. But how long it takes depends on several things.

If you’re considering becoming a self-employed estate agent, here’s everything you need to know about how much you can expect to earn and when.

How Much Can a Self-Employed Estate Agent Earn?

When working for yourself, your earnings are set by you. You can drum up more business, win specialist and higher value properties, and put in as many hours as you like. The more you work on your business, the more you can earn.

As a general guide, after six months, most self-employed estate agents can earn between ￡3,000 to ￡6,000 per month. After twelve months there is the potential to grow and earn ￡8,000 to ￡12,000 each month (tax dependent).

Check out our income calculator to see how much you can earn.

How Long Does it Take to Start Earning?

The answer to this question depends on two main things – how much work you do and how quickly you do it. Partner agencies support you to get started, but you need to do the work. The sooner you do the work, the quicker you can earn.

However, it’s important to be realistic about timeframes. Even if you gain multiple listings in the first month, selling a home can take time. That’s why most agents won’t start earning until month three, four or even six. It all depends on when you get your first listing and how quickly the sale goes through.

Watch this video about Miranda’s first five weeks as a self-employed estate agent to learn more about how long it takes to win your first listing, and hear her strategies for gaining an incredible five listings in just five weeks!.

Tips on How to Earn Your First Commission Sooner

1.??Do The Work

When you join a partner programme, you’ll get lots of advice and training about how to build a successful estate agency business. These strategies are tried and tested, so make sure you do everything - and find what works for you.

2.??Personalise

Being a self-employed estate agent is all about building your personal brand. You get to shape what kind of business you want to develop and how you want clients to see you. Even though your introductory training will teach you what works, get creative and make sure you’re building your own strategies too.

3.??Don’t Rush

Building your business quickly is never a bad thing. But rushing things and doing a bad job certainly is! Being a self-employed agent is all about providing a better service to your clients. Doing things in a hurry won’t get you a sale - or any new leads! So, don’t rush yourself, and make sure you’re in a stable position financially before you get started.

Want to Learn More?

If becoming a self-employed estate agent has piqued your interest, we’d love to hear from you! At Newman Property Experts we’ve carefully designed our partner programme using our 30+ years of experience to give you the best head start.

Call us today for a chat onand find out whether it’s the right fit for you or download your FREE partner prospectus now.