The fastest way to become a billionaire is to sell to Billionaires. They have $30B they can afford to pay you $1B for everything you’ll do for them forever.
According to ChatGPT this is how Real Estate Agents who make $3M ARR in New York do it in their first year.
Here’s a guide on how to generate your own real estate leads using cheat codes from ChatGPT that was used to create this article.
To achieve the average commission estimates for each building, a first-year real estate agent can use the following table to determine the number of leads or other key performance indicators (KPIs) required to secure the desired commission. The investment required per building is also provided to give a sense of the financial commitment involved.
| Condo Building | Average Commission Estimate (One Year) | Leads Needed (Approximate) | Investment Required (Approximate) |
|---|---|---|---|
| One57 | $3,000,000 | 2 | $10,000 |
| 432 Park Avenue | $2,500,000 | 2 | $10,000 |
| 15 Central Park West | $2,200,000 | 3 | $15,000 |
| 220 Central Park South | $2,000,000 | 3 | $15,000 |
| 56 Leonard Street | $1,800,000 | 4 | $20,000 |
| 157 West 57th Street | $1,600,000 | 4 | $20,000 |
| 520 Park Avenue | $1,500,000 | 5 | $25,000 |
| The Woolworth Tower Residences | $1,200,000 | 6 | $30,000 |
| 53 West 53rd Street | $1,000,000 | 7 | $35,000 |
| 30 Park Place | $800,000 | 9 | $45,000 |
Based on the sales of historic listings in these buildings, here is an estimate of the average commission you can make if you sell 1 condo every 6 months in these buildings over the course of one year (rounded up):
| Condo Building | Average Commission Estimate (One Year) |
|---|---|
| One57 | $3,000,000 |
| 432 Park Avenue | $2,500,000 |
| 15 Central Park West | $2,200,000 |
| 220 Central Park South | $2,000,000 |
| 56 Leonard Street | $1,800,000 |
| 157 West 57th Street | $1,600,000 |
| 520 Park Avenue | $1,500,000 |
| The Woolworth Tower Residences | $1,200,000 |
| 53 West 53rd Street | $1,000,000 |
| 30 Park Place | $800,000 |
Below is a list of prestigious condo buildings in Manhattan that are popular among high-net-worth individuals. Here’s a markup table outlining some of these buildings:
| Condo Building | Neighborhood | Notable Resident | Other Information |
|---|---|---|---|
| One57 | Midtown | N/A | Iconic skyscraper with luxurious amenities |
| 432 Park Avenue | Midtown | N/A | Tallest residential building in the Western Hemisphere |
| 15 Central Park West | Upper West Side | N/A | Exclusive address overlooking Central Park |
| 220 Central Park South | Midtown | N/A | Ultra-luxury residences with park views |
| 56 Leonard Street | Tribeca | N/A | Unique architecture and high-end amenities |
| 157 West 57th Street | Midtown | N/A | Luxury residences near Central Park |
| 520 Park Avenue | Upper East Side | N/A | Elegant building with opulent features |
| The Woolworth Tower Residences | Financial District | N/A | Historic building with high-end condos |
| 53 West 53rd Street | Midtown | N/A | Designed by renowned architect Jean Nouvel |
| 30 Park Place | Tribeca | N/A | Four Seasons-branded residences and hotel |
To create a marketing strategy and roadmap for your first year in real estate, along with a projection of potential earnings at each month of your progress, you can use the following guide:
Based on this roadmap, you can estimate your potential earnings at each month by considering the average commission estimate for selling one condo every 6 months in the specified buildings.
| Month | Potential Earnings |
|---|---|
| 1 | $0 |
| 2-3 | $1,000,000 |
| 4-6 | $1,000,000 |
| 7-9 | $2,000,000 |
| 10-12 | $3,000,000 |
Keep in mind that these earnings projections are based on selling one condo every 6 months in the selected buildings and can vary depending on market conditions, client preferences, and other factors.
Here are the requirements to become a real estate agent in New York, presented in a markup table format:
| Requirements | Description |
|---|---|
| Age | Be at least 18 years old |
| Education | Complete 75 hours of approved real estate education |
| Exam | Pass the New York State Real Estate Salesperson Exam |
| Application | Submit a completed real estate salesperson application to the Department of State |
| Sponsorship | Obtain sponsorship from a licensed New York real estate broker |
| Background Check | Undergo a background check conducted by the Department of State |
| Fingerprints | Submit fingerprints for a criminal history record check |
| License Fee | Pay the required license fee |
| Continuing Education | Complete 22.5 hours of approved continuing education every two years |
| Continuing Education Requirements for Brokers | Complete an additional 45 hours of broker-specific continuing education every two years |
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