@gailcalled It is a fact the top realtors make the bulk of the income, I am just not sure of the exact percentages. NY, as I think about it more, does have binders before the sales contracts that some brokers use. But, from what I remember there have been legal entaglements with them. Possibly in NY it is legal for a broker to fill in a prefab NY BAR sales contract? Again, I am not sure of the current law, it varies by state. I seem to remember when my girlfriend wanted to purchase in NY the realtor did not do the contracts, so either that is NY law, or brokers opt to pass it to lawyers. My girlfriend and I are realtors (well I was back then) we drew up contracts in FL.
The OP can totally ignore my answer if he wants, or ask me more questions if he feels my answer is incomplete. You come after me when I state something and don’t put a disclaimer, I think that is a legitimate suggestion, but this time I did, and for that matter I have in the past, but I always seem to bother you with how I state things. Everything I wrote above is worth considering, the OP can research it further if he is interested in any of the things I mentioned. This is the internet, I am sure he won’t be fool enough to just take answers as the gospel and would find out from NY realtors, but this gives him some things to think about.
I don’t understand why your brought up established Real Estate firms? He can go to work for one. He would not be starting his own business at first.
@JonnyCeltics This is a good website with statistics. But, talking to NY realtors is your best bet. Each market is different.
Appraisal is a good idea, I agree with those who suggested it, and property management. Most people when they start in real estate in one form or another need to be able to live without income for a while. Many start it as a side businesses, or work it if it is not a primary income for the household.