Since brokers are typically paid on commission, they don't get paid until a transaction closes. That means that a new broker needs to find a client to buy or sell a house, sign a contract and close the deal before being paid. From the time of signing a contract of a residential property until a sale is closed, is typically 30 days. Due to the time lag between getting a license and getting paid, it's important to be financially prepared to absorb the wait for income. The best part is that the amount you'll be paid when the check comes in is quite large, making it well worth the wait.