Difference between Real Estate Agent and Insurance Agent
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Whats Difference between Real Estate Agent and Insurance Agent? Lets check .Both property and insurance are great timeless professions that will remain relevant to the community as most people need help understanding the complexities in each product and advice when it boils down to comparing them. Regardless of which profession you are inclined towards, both will provide you an amazing experience in personal growth and development. Like, comment below and share this with your friends who are contemplating on a property or insurance career! Looking for great real estate career mentorship to shorten your learning curve? Get a free 30 min new agent career consultation Bitly.con/retire4free
| Real estate Agent | Life Insurance AGENT | |
| Fees study | $350 | $350 (discounted to $30) |
| time to study | 75 hours@site | 30 hours @home |
| Finger printing | $60 | $60 |
| PSI Ex | $45 | $45 |
| Starting fee | $1200(MLS+ Supra key+ Realtor association) | $200 ($10 each for each Agency ) |
| e&o | 500 (Free when you join VyllaNj.com | $500 |
| Broker split | 50% ~90% (80-90% with VyllaNj.com | 30%-110% |
| Time to make money | ave 2 month hold time | instant |
| Expense | Gas Cost+Marketing+Time to show homes+ Office Exp | You just need laptop |
| Income | One time | Residual (1.8% for 9 years) |
| Tier Income | 1 Tier (max 10% from 1st level) | 6 Tier (You get paid upto 6 deep) |
| What you need to become broker | 150 hours study | 0 Hours |
| Broker office | required | no office req (Free office with Anil Aggarwal Team) |
| Broker Exam | Required | not required |
| Broker exam FEE | $750+ other $100 | $0 |
| What you can sell | Real Estate/Rental/1031 exc | Life Insurance/Index Investments/Annuities/Mortgage Protection/1035 exc/Term Insurance/ |
| Avg Lead Cost | $100 | $10 |
| Can Will your business | No (Your income is proportional to hours spent) | You make residual income from your team and also from your book of business. |
