Rico Patolot, West Covina Real Estate Expert - Top Real Estate Agent (2024)

FAQs

Who is the worlds best real estate agent? ›

America's number one ranked real estate agent, Ben Caballero of Addison, Texas, just became the number one real estate agent in the world, according to Guinness World Records. Caballero sold 3,556 homes in 2016, which was seven times more homes than his closest competitor (467 homes).

Australia's top agent, Alexander Phillips, sold $1.1 billion of property last year, drives a Porsche, and likes $300 bottles of wine.

1. Uncertainty about real estate market. This is perhaps one of the biggest uncertainties realtors have to deal with on a daily basis. Every realtor is worried about not being able to sell their properties and how it will affect his or her commissions at the end of the month.

1. Donald Bren. According to Forbes, Donald Bren's net worth as of August 2022 is $16.2 billion, making him the richest real estate mogul in the United States for 2022.

Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

The typical commission under the current model has been somewhere between 5 and 6 percent of a home's purchase price, which is then split evenly between the agent representing the buyer and the agent representing the seller.

Real estate pro Ben Caballero is breaking records yet again. He individually sold 6,438 homes in 2020, topping his own previous world record in sales.

1) Fear of rejection.

This is often the first thing to come to mind when realtors are asked to share their biggest fear, especially for those agents who are new to the industry. It's a scary thing to put yourself out there—to go door-knocking or cold-calling.

What do most realtors struggle with? ›

Many, if not most, real estate agents will fail in their first year. Three common mistakes that agents make are inadequate prospecting, failing to market properties in ways that lead to timely sales, and not following up with clients to maintain relationships.

California: 44% New York State: 24% Florida: 7%

LAGUNA NIGUEL, Calif., Jan. 18, 2024 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest-growing franchisors in the world, is the #1 real estate brand for the third year in a row on Entrepreneur's highly competitive 2024 Franchise 500® ranking.