Real Estates business is obviously one of lucrative business ventures in the world. That is the motivation behind why the vast majority do other income generating jobs somewhere else and reinvest the profits made into land business. Most well off individuals are on the low investing vigorously around here, and have not the slightest bit regretted. Yes, there might be a couple of challenges but for the most part, real estate pays well.
For example, American billionaire John Carl Malone, who is additionally a landowner has vigorously put resources into real estates. As a matter of fact, the businessman personally has properties totalling about 2.2 million acres that are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. The former media tycoon made his wealth building the company Tele-Communications Inc., or TCI, which he sold to AT&T for $50 billion 20 years ago.
Notwithstanding being the chairman of the biggest democratic investor of Liberty Media, Liberty Global, and Qurate Retail Group (previously known as Liberty Interactive), the 79 year old additionally owns 7% of Lionsgate and Starz Inc., and still has that business mindset for land business. He possesses several real estates in the U.S and over the world.
Real estates has also cleared route for various licensed estate agents to also make some great monies en route. As at the first week of October 2020, the average regularly scheduled pay for a Real Estate Agent in the United States is currently $6,908 per month.
The average pay run for a Real Estate Agent fluctuates humbly (up to $4,000), which proposes that, there might be less opportunities for progression dependent on aptitude level, but increased pay dependent on the location and long stretches of experience is additionally another favorable position.
People who fill in as a Real Estate Agents in various locales over the world are making an average of $7,000 consistently. Hence, an exact month to month compensation range for Real Estate Agents is dependent on the country or area.
The global real estate market is expected to generate a revenue of USD 4,263.7 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as the increasing demand for housing real estate space, rapid urbanization through migration in search of better amenities.