Estate Agents Tip: Taxes For Real Estate Agents
TAXES FOR REAL ESTATE AGENTS
As a full time real estate agent, how do I handle each commission check? Do I operate under an LLC? How much do I put back for taxes?
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Ricky Carruth is a real estate agent, speaker, author and real estate coach. He started selling real estate at 20 years old in 2002, became a self-made millionaire by 23 and bankrupt by 25. During that time, he read over 100 books searching for the reason he lost it all. After realizing the problem he started building his business the right way by valuing relationships over transactions. Since then, he hit #1 for RE/MAX in Alabama twice selling over 100 properties a year since 2014. Ricky still sells full time and started real estate coaching agents for free in 2017. He mission is to share what he learned from his downfall in hopes to reduce the failure rate in the real estate industry.
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