Are you building wealth or just closing deals? Tax Day often reveals a harsh reality for real estate agents: making money doesn't always mean keeping it. In this episode, Brian and Mark discuss how agents can move beyond the commission-to-commission cycle by implementing proper financial management systems, strategic entity structuring, and creating multiple revenue streams for long-term wealth. Learn why running your business as a true for-profit entity with clear boundaries between business and personal finances is essential for building lasting success.
Featured Quote: "Most real estate agents don't retire—they die. While that is true in a lot of cases, it doesn't have to be. If you set yourself up and put a plan in place, you too can retire from this wild world of real estate sales."
What You'll Learn
- Why most agents focus only on revenue instead of cash flow and profit
- The three essential accounts every agent needs to separate (business, personal, taxes)
- How to run your business as a for-profit entity with clear financial boundaries
- How proper business entity structures can save on self-employment taxes
- Why paying yourself a salary helps manage feast or famine cycles
- The benefits of Roth IRAs vs. traditional retirement accounts for agents
- Why investing in what you know best (real estate) creates lasting wealth
- How to build a referral network that generates passive income
The opinions on this podcast are Mark and Brian’s and not in any way a reflection of RE/MAX or anyone else in the industry.
Listen to the Podcast on these Platforms
Apple - https://podcasts.apple.com/us/podcast/raising-real-estate-standards/id1574549987
Spotify - https://open.spotify.com/show/1ZKLmFIFvx1UjSwL4jOTVz
Social Media and Contact Information
Website: https://www.raisingrealestatestandards.com
Link Tree: https://linktr.ee/raisingrealestatestandards
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