how much do real estate agentsmake

Discover effective strategies to earn real estate commission on out-of-state deals as a US agent. Learn how to navigate the challenges, build relationships, and maximize your earnings.


Are you a US real estate agent looking to expand your horizons and earn commission on out-of-state deals? With the right approach and knowledge, you can tap into new markets, increase your revenue, and broaden your professional network. In this guide, we will explore effective strategies to help you navigate the intricacies of earning real estate commission on out-of-state deals. From building relationships to leveraging technology, let's dive in and explore the opportunities that await you.

#1 Building Relationships: Network, Network, Network!

One of the key elements of success in earning commission on out-of-state deals is building strong relationships. Here's how you can do it:

  • Attend industry conferences: Network with professionals from different states, exchange knowledge, and establish connections that can lead to future collaborations.
  • Join real estate associations: Become a member of national or regional real estate associations to connect with agents from other states and gain insights into their local markets.
  • Leverage social media platforms: Engage with agents
Q: May a Florida licensed real estate broker pay an out-of-state licensee a referral fee? A: Yes. Section 475.25(1)(h), Florida Statutes, allows a Florida licensed real estate broker to share compensation with a foreign licensee as long as the foreign licensee does not violate Florida law.

What states has the most reciprocity for real estate license?

The full license reciprocity states are: Alabama, Kansas, Virginia, Colorado, Mississippi, Alaska, Washington, Missouri, Georgia, Delaware, Kentucky, and Maine. Any state with full reciprocity allows you to bypass the general real estate courses and narrow your focus to the state-specific laws and requirements.

Can a Florida realtor sell in Georgia?

Any licensee who is a resident of the State of Florida and wishes to obtain a Georgia Salesperson or Broker license must take the supplement examination on Georgia Law and Practice in order to receive a Georgia license. Florida CAM licensees must take the Georgia CAM examination.

Can I use my Massachusetts real estate license in another state?

Massachusetts has reciprocal relationships with the following states: Connecticut, Rhode Island, West Virginia, Nebraska, Iowa, Tennessee, Mississippi, Colorado, Georgia, Pennsylvania and New Mexico.

Can a broker license in Texas share commission with a broker license in another state?

The Texas Real Estate License Act states, "a licensed broker may pay a commission to a licensed broker of another state if the foreign broker does not conduct in this state any of the negotiations for which the fee, compensation, or commission is paid." There you have it.

What's the correct way to make an offer on a house?

  1. Make sure your financing and cash are all set.
  2. Set an offer price.
  3. Decide how much earnest money to offer.
  4. Choose the contingencies to include.
  5. Write a purchase offer.
  6. Walk away, negotiate or move toward closing.

What is the rule of thumb for making an offer on a house?

You won't be able to offer more than you can afford, so it's important to determine your budget upfront. Some financial experts use a rule of thumb that says your home should cost no more than two or three times your annual household income.

Frequently Asked Questions

What is an acceptable first offer on a house?

“The rule I've always followed is to never go more than 25% below the listed price,” he says. “Chances are, after fees, commission, and sentimental value, the sellers are already hurting. If you dip below that point, they may disregard your offer entirely.”

Do sellers always go with the highest bid?

One common misconception is that sellers always pick the highest-priced offer they receive because they do not know any better or have no other options. In reality, there are a variety of reasons why sellers might choose not to accept the highest offer they receive.

How do I decide what to bid on a house?

  1. Figure out how much you can afford.
  2. Understand how the market looks.
  3. Research how much comparable homes have sold for.
  4. Get a sense of the property's condition.
  5. Check how long the listing has been up.
  6. Decide where your offer should fall.

What is a competitive offer on a house?

In a seller's market, a competitive offer could include a large earnest-money deposit, a preapproval letter from a lender, extra time for the sellers to move out, or waived contingencies.

How long does it take for an offer to be accepted on a house?

In some cases, offers may be accepted within 24 to 48 hours, while in other cases, it may take a week or more for the seller to respond. Generally, after making an offer on a home, the seller's agent will respond to you within one to three days.

Do sellers take the first offer?

Straight off the bat, if you're pressed for time and need to sell your house ASAP, you could consider accepting the first offer you receive. If you're in a buyer's market (with more housing inventory on the market than there are buyers), then you may be better off taking the first offer as another may not come along.


What is the best offer on a property?
In real estate, a best and final offer is the prospective buyer's last and highest bid. Initiated by the seller of a property, all remaining parties must submit one last offer that is often not to be negotiated further.
Which offer would be the most appealing to a seller?
“A cash offer is usually more appealing than a finance offer as the seller doesn't need to worry about whether the bank will approve your loan,” says Sam Heskel, president of Nadlan Valuation, an appraisal management company in Brooklyn, New York.
What's the lowest you should offer on a house?
“The rule I've always followed is to never go more than 25% below the listed price,” he says. “Chances are, after fees, commission, and sentimental value, the sellers are already hurting. If you dip below that point, they may disregard your offer entirely.”
How do you tell if an offer has been made on a house?
If the house is listed on the MLS in the USA, when an offer is accepted by the seller (not just made by the buyer) the listing agent will usually label the listing as either contingent or pending so that buyers' agents are aware that an offer has been accepted.
How long after seeing a house should you make an offer?
But the general advice “if you like a house, place a bid” holds true everywhere. As Chris West puts it, “Don't wait. If you see something, make the offer. There's not any point in waiting.”

How to earn real estate commission on out of state deals

Can a seller ignore an offer on a house? The truth is, sellers don't have a legal obligation to respond to you. If they don't like your offer, they don't have to say anything. Some sellers don't want to be bothered, and in other cases, the seller received a better offer.
Do sellers usually accept first offer? Most sellers hope to have multiple offers, but sometimes it's best to take the first offer you receive. May 22, 2023, at 2:19 p.m.
Is there a way to find out how many offers are in on a house? Ask the Listing Broker If you want to know about multiple offers, go straight to the horse's mouth and see if you can get some indication. Of course, the broker that represents the seller is under no obligation to disclose whether there are multiple bids.
What are the disadvantages of putting your house in a trust? The key disadvantages of placing a house in a trust include the following: Extra paperwork: Moving property in a trust requires the house owner to transfer the asset's legal title. This involves preparing and signing an additional deed, and some people may consider this cumbersome.
What are the pros and cons of a real estate trust? What Are the Advantages & Disadvantages of Putting a House in a Trust?
  • Protection Against Future Incapacity.
  • It May Save Money on Estate Taxes.
  • It Can Avoid Probate.
  • Asset Protection.
  • Trusts Can Cost More to Maintain.
  • Your Other Assets Are Still Subject to Probate.
  • Trusts Are Complex.
  • Are real estate investment trusts a good idea?
    • Are REITs Good Investments? Investing in REITs is a great way to diversify your portfolio outside of traditional stocks and bonds and can be attractive for their strong dividends and long-term capital appreciation.
  • What are the advantages of putting your estate in a trust?
    • Benefits of trusts
      • Protecting and preserving your assets.
      • Customizing and controlling how your wealth is distributed.
      • Minimizing federal or state taxes.
      • Addressing family dynamics; for example, divorce or blended families.
      • Helping a parent or other relative manage their financial affairs.
  • What assets should not be in a trust?
    • The assets you cannot put into a trust include the following:
      • Medical savings accounts (MSAs)
      • Health savings accounts (HSAs)
      • Retirement assets: 403(b)s, 401(k)s, IRAs.
      • Any assets that are held outside of the United States.
      • Cash.
      • Vehicles.
  • What is a strong offer on a house?
    • A seller's market isn't the place to bargain hunt, so don't go lower than the asking price. If you can, make an offer that's a little above asking. You don't need to go crazy, though—sometimes an offer that's just $2000-3000 more than asking is enough to get the seller's attention.
  • How do I convince a seller to accept my offer?
    • Steps to Write an Offer
      1. Make sure the price is right.
      2. Show proof of pre-qualification.
      3. Offer more earnest money.
      4. Waive certain contingencies.
      5. Include an escalation clause.
      6. Limit your asks for extras.
      7. Be agreeable to the seller's needs.
      8. Be polite.

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