1,052,211
If you're well capitalized where you can cover expenses for at least a year if you don't make a single dime, your prospects are great with what you've said. Passion is one key. Practicality is the other.
-
Sam Shueh
San Jose, CA
-
Will Hamm
Aurora, CO
-
Kat Palmiotti
Kalispell, MT
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Eve Alexander
Tampa, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Chris Ann Cleland
Gainesville, VA
-
PropertyMinder (Accele...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
1,502,998
Good, if you treat it like a business and work at it, instead of treating it like a hobby.
Yes it's true about the 1 year thing. I believe it's something like 75% of new agents don't renew and are out after a year. It's a hard job, especially in this market, and it can take a FULL YEAR before you see a paycheck!
Know that going in. Know you will likely change companies at least twice in your career... so have a phone number, website address and email that will travel with you. For example, we were "HugginsHomes.com" and had HugginsHomes.com email addresses back when we were with Re/Max. When we became our own company there was zero loss of clients because they only had our info. No brokerage trainer will tell you that, because it's not in their best interest.
Since you're willing to put in the time and money and have the passion for it, I suspect you'll out perform most of your market. Stick around active rain (both blogs and Q&A) and you'll learn a ton that they don't teach you in school.
-
Anna Hatridge
Farmington, MO
-
Brenda Mayette
Glenville, NY
-
Kat Palmiotti
Kalispell, MT
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Alesha A. Wilson, M.Ed.
Oklahoma City, OK
-
Liz and Bill Spear
Mason, OH
-
Diana Dahlberg
Pleasant Prairie, WI
-
Gary Eberhart
Bountiful, UT
-
Dario Ferreira
Attleboro, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
2,390,620
It ALL depends on YOU Gary Eberhart ! If you are 60 hour a week hard working individual you have a good chance. Your chances increace with your artistic (creative) abilities and your social skills. If you are the person who can say "If I fail it's all on ME, no one caused me to fail" then chances are you will NOT fail.
-
Anna Hatridge
Farmington, MO
-
Mary Yonkers
Erie, PA
-
Kat Palmiotti
Kalispell, MT
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Peter Testa
Danbury, CT
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Andrew Mooers | 207.53...
Houlton, ME
-
Kathleen Daniels, Prob...
San Jose, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Gary Eberhart
Bountiful, UT
3,383,334
Spending time and money are one thing. Being able to step outside your comfort zone is going to be critical to prospecting. That's what makes it or breaks it for folks. Never met a successful agent who wasn't willing to go outside their comfort zone to prospect.
-
Anna Hatridge
Farmington, MO
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Brenda Mayette
Glenville, NY
-
Kat Palmiotti
Kalispell, MT
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Alesha A. Wilson, M.Ed.
Oklahoma City, OK
-
Diana Dahlberg
Pleasant Prairie, WI
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
5,104,931
I can't comment on what your chances are. I've done very well financially for 25 years, but I didn't just spend "some" money to get my business off the ground. And 25 years later I continue to reinvest in my business.
-
Peter Testa
Danbury, CT
-
Anna Hatridge
Farmington, MO
-
Mary Yonkers
Erie, PA
-
Brenda Mayette
Glenville, NY
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Eberhart
Bountiful, UT
-
Lyn Sims
Schaumburg, IL
-
PropertyMinder (Accele...
San Jose, CA
5,583,278
If one has a passion for the real estate business and marketing is done consistently, you're sure to succeed....those who quit within a year are doing every professional in the business a great favor!!
-
Anna Hatridge
Farmington, MO
-
Brenda Mayette
Glenville, NY
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Michael Jacobs
Pasadena, CA
-
Gloria Valvasori, Accr...
Mississauga, ON
-
Diana Dahlberg
Pleasant Prairie, WI
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
3,345,091
You answered your own question. Put in the work and do what you love and the money will come.
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
921,504
90% of new agents never see their 2nd year anniversary. The leave the business blaming themselves and $12,000 poorer.
70% of the survivors do not exceed $40,000 gross commission income annually. Your mission, should you choose to accept it, is to AVOID the broker that gives safe harbor to agent who do so very little business.
20% of those remaining are agents who live off their income, pay their bills on time, put a little away. If they left business tomorrow, only their broker would know. These agents & the enterprises facilitate 80% of all real estate transactions. This is the destination to which your business plan must point you.
5% have built enterprises with teams and employees and many who are dependent on them. Should they leave the lives of others would be disrupted......for about a week.
1%., the one percent in real estate' earn their money selling systems to agents.
What are your chances? Excellent!
However, if you start without a plan....the sweet words of the broker will quickly turn bitter in the presence of disappointment. The last part of this video is the expectation you should have when you have a plan.
-
Anna Hatridge
Farmington, MO
-
Brenda Mayette
Glenville, NY
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Alesha A. Wilson, M.Ed.
Oklahoma City, OK
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Gary Eberhart
Bountiful, UT
5,230,068
@Candice said it perfectly. Just remember to treat this as a full time job. Your job is to prospect, prospect, prospect 40+ hours each and every week!
-
Mary Yonkers
Erie, PA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
-
PropertyMinder (Accele...
San Jose, CA
509,449
That is actually depending on you. Competition is very tight in DFW with many agents are competing by slashing their fees. So you work a lot more and earn less.
-
Peter Testa
Danbury, CT
-
Anna Hatridge
Farmington, MO
-
Mary Yonkers
Erie, PA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
2,061,803
The chances of making a living as a full-time real estate agent are slim. And yet I've been bucking the odds for more years than I care to admit.
You are the variable in the equation. If you work hard, if you have a decent network, if your marketplace is doing well, if you hire on to a decent office, and have a decent manager.... if... if... if.
Lots of variables.
-
Anna Hatridge
Farmington, MO
-
Mary Yonkers
Erie, PA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
399,703
Do what you love, and the money will follow, Gary Eberhart. If you need help getting your marketing and a website up and running, let me know. - Tim
-
Anna Hatridge
Farmington, MO
-
Mary Yonkers
Erie, PA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
4,572,183
It depends on YOU.
-
Peter Testa
Danbury, CT
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Gary Eberhart
Bountiful, UT
3,169,508
Gary, There are a few things you can do to up your odds of success.
1. You're here in the Rain. There is a tremendous amount of knowledge and tips here that can significantly shorten the learning curve. Real estate schools (at least mine) often DO NOT teach you how to be a successful agent. Their goal is to get you to pass the state exam. Getting clients? Knowing what to do once you've got them? That's something you learn from your broker, your office mates or people here.
2. It's not just a matter of working hard (that's a given), but being smart with your efforts. A gerbil on the wheel works hard, but they don't get far. Having a plan to gaining business is key.
3. Thicken your skin. Friends, family, coworkers from your past/present job, they're going to use other more experienced agents or friends or family. It stings, but it's part of the business.
4. You're not fresh out of high school based on your picture, so as far as prospects know, you've been doing this for YEARS AND YEARS. I'm not advocating hiding being a rookie, but don't bring it up unless they do first.
5. How can you set yourself apart from the other 1000 agents in your local market? Is there a niche or expertise you can work? For me, it's patio homes an other low maintenance living choices in Cincinnati. I just had buyers from Farmington buy a new construction condo last night. They found me because of niche blogging.
6. Be careful with your money. You know how a lot of people get rich in real estate? They sell stuff to agents! Most of the pitches sound great, but for the most part they're just going to separate your money and send you Internet leads named I.P. Freely and the like.
7. Like others have mentioned, set yourself up to be independent of your brokerage. Email, phone, website, etc. Nothing wrong with leveraging your brokerages offerings, but don't let it be your primary face to the world.
8. Don't be a secret agent. Once you're active, you've got to let people know it's what you do.
9. Listen to your spidersense. If the back of your brain is telling you someone is going to be a waste of your time, listen, because it's probably right. It's very easy when we need business to take on ANY business just to have some, but sometimes it's busy work with no positive outcome.
10. Like attracts like. If you target the low end of your market, that's what you're going to keep getting. Find a spot that puts you at median or better price point.
11. Study your market. Know the stats for your primary market. How fast are homes moving? How many for sale? Price points? New construction? What are the MUST HAVE things that buyers want and how common are they?
Look, we could keep going all night on this. There's a lot to being successful, and what is successful for you might be different for me. I'm a dual career guy, an engineer for 27 years and an agent for 14. I sell 15-25 sides a year and that makes me pretty happy. Bill
-
Lynda White
Louisville, KY
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Dario Ferreira
Attleboro, MA
2,220,323
Well Gary, I've been in the business for the past 14 years and doing very well. You have to put the time and treat it as a business in order to be successful.
-
Mary Yonkers
Erie, PA
-
Peter Testa
Danbury, CT
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
6,393,404
Most fail, but those who work at it and get the proper training excell at it.
-
Mary Yonkers
Erie, PA
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
1,292,741
If you are willing to work hard, and even work with a mentor then you will make it. It does take passion, skill and a willingness to put your clients needs ahead of your own. If it is only about how much money you can make and how quickly you will probably be out of the business quickly as well. You will need help making it through those first months so will need a reserve.
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
3,164,294
100% in my case. ;)
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
2,781,173
Its like singing. Either you can or cannot sing. Then there is the audience
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
5,772,575
Gary,
Great advice from both Candice A. Donofrio and Nina Hollander . My advice is to come out ready to do business, and liike Nina mentioned you need to invest and reinvest. It is just the nature of all business. A
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Gary Eberhart
Bountiful, UT
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
2,182,552
Join a Team as a Buyer Agent
-
Anna Hatridge
Farmington, MO
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
758,035
Depends on who you ask that question. If you're the type that won't quit til you succeed you'll be fine. It gets easier as you keep doing it.
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
7,836,134
If you doubt your personal abilities, this may not the the career for you.
-
Lynda White
Louisville, KY
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
1,844,301
Please see Annette's previous question to yours.
I would say get going ... literally try something to get in front of more people. You have to start somewhere. I would run it by someone that is more seasoned so you don't throw your money away (like with bus benches).
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
-
Gary Eberhart
Bountiful, UT
1,543,727
100 people get their license today and need to renew in 4 years.
60% quit year 1,
20% more never renew.
Our failure rate is over 80%, but if you know how to sell, run a business like a business and manage your money, it can be done. I'm in year 19 almost and went through the worst economy and real estate market in history, shy the Great Depression, I'm no rocket scientist but I'm trained and tenacious.
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,622,432
You might want to focus on successful stories instead of those who quit or barely survive. It is not competition, it is service to others. And if you genially like what you do, you'll get by and find the way to be and do well.
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
1,574,666
It is a job, career and focused endeavor. It is not a 9 to 5 effort. A career is possible with work! Good luck!
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
679,404
Anyone can be successful in real estate if they have:
Passion
Work Hard - Smart
Never Give Up
Invest in your business ... and continue to prospect every single day
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Gary Eberhart
Bountiful, UT
-
Bob "RealMan" Timm
Minot, ND
3,416,038
You sound like you have the keys to start, you need need money, a will to work hard and some patience. Choose the right broker. Then work hard at getting clients and selling homes
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Gary Eberhart
Bountiful, UT
-
Bob "RealMan" Timm
Minot, ND
2,684,009
Rate of attrition is sky-high.
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Gary Eberhart
Bountiful, UT
-
Bob "RealMan" Timm
Minot, ND
2,241,053
Helps if someone has a steady income while you hone your skills. Or savings to tap into until you get some healthy listing inventory or have sales experience under your belt. Time management, dealing with people and long hours with commission sales. You only get paid if the deal crosses the closing finish line. Good luck Gary Eberhart ! The job changes daily and you will reinvent how you do it to survive and prosper!
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
5,216,398
Find a mentor and absorb like a sponge especially if you have some holding power. That way you can earn while you learn!
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,882,355
Chances are high if:
you have a business plan
manage your time
prospect every day
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
851,242
The chances are favorable IF you consistently look in the mirror, have a plan, secure a mentor, get out of your comfort zone & out from behind your desk. Best wishes for happiness & success!
-
Lynda White
Louisville, KY
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
4,319,419
Gary Eberhart - if you do the right things, you survive and thrive as time goes by.
-
Anna Hatridge
Farmington, MO
-
Gary Eberhart
Bountiful, UT
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
La Jolla, CA
3,986,258
1% as most willnever make it as they do not have the drive to do so
-
Anna Hatridge
Farmington, MO
-
Gary Eberhart
Bountiful, UT
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,525,616
If you are willing to work hard at it, learn your market and make yourself available you can be a successs.
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
3,988,007
20% chance. It's the 80/20 rule. If you work hard you can be in the 20% and become very successful.
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Thomas J. Nelson, REAL...
La Jolla, CA
900,128
Good luck! Don't let others discourage you if you are truly passionate and think you can make a go of it, but do have a contingency plan in mind.
-
Anna Hatridge
Farmington, MO
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Gary Eberhart
Bountiful, UT
-
Bob "RealMan" Timm
Minot, ND
392,768
You can make a living at it if you are willing to do the work. There are no short cuts to take if you are in it for the long haul.
-
Bob "RealMan" Timm
Minot, ND
-
Peter Testa
Danbury, CT
-
Anna Hatridge
Farmington, MO
5,868,544
It does take persistance, and lots of effort, along with a big bank account until your first deal. Many think it is just plain easy!
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
4,272,548
How much are you willing to put into it?
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
544,014
100%
It will work if you do
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
-
Gary Eberhart
Bountiful, UT
1,466,207
Gary Eberhart Real estate is a business and most new agents drop out because they are under capitalized. Some money won't make it happen. You have to invest in your business for a good return.
-
Anna Hatridge
Farmington, MO
-
Bob "RealMan" Timm
Minot, ND
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Gary Eberhart
Bountiful, UT
4,800,082
Excellent, if you are willing to work hard.
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Anna Hatridge
Farmington, MO
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Gary Eberhart
Bountiful, UT
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Bob "RealMan" Timm
Minot, ND
4,434,127
Good.
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Anna Hatridge
Farmington, MO
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Gary Eberhart
Bountiful, UT
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Bob "RealMan" Timm
Minot, ND
2,436,099
You already received some wonderful answers. I just wanted to wish you well! It would be fun, should you choose to accept the challenge, to see a monthly blog from you on how things are going (both good & bad!). Best wishes.
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Anna Hatridge
Farmington, MO
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Gary Eberhart
Bountiful, UT
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Bob "RealMan" Timm
Minot, ND
519,324
Passion is great, if it's sustained. If you have passion for it today, but are easily distracted, bored or broke in a couple months it can be tough.
This is a people business that deals in Real Estate. Learning about real estate is fine, but learn just as much about people, who they are, how to attract them, how to understand and communicate effectively and you have a chance to be successful.
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Anna Hatridge
Farmington, MO
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Thomas J. Nelson, REAL...
La Jolla, CA
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Gary Eberhart
Bountiful, UT
4,936,677
They say 85% drop out before 5 years in the business.
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Bob "RealMan" Timm
Minot, ND
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Anna Hatridge
Farmington, MO
1,045,440
Most do fail... partially it is the INDUSTRY model. The entry bar is VERY low...this suits brokerages', local, state and national assoications' business models. This contributes in part to the high failure rate. As does the public perception of EASY money.
Even so if you do your research and go in eyes wide open about typical results, can handle setbacks, rejection etc. Then you can succeed best of luck. Gary Eberhart
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Bob "RealMan" Timm
Minot, ND
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Anna Hatridge
Farmington, MO
355,039
What are the chances you're going to prospect like your career depends on it? Thats the answer
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Anna Hatridge
Farmington, MO
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Gary Eberhart
Bountiful, UT
3,071,489
Chris Ann Cleland nailed this one!
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Chris Ann Cleland
Gainesville, VA
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Gary Eberhart
Bountiful, UT
381,662
I would add that you must genuinely like people. I quit after 2 months because I felt like I was too salesy, contacting people, even cousins, I hadn't talked to for years. It felt so fake and I'm sure they felt it too. Now a few years later, I have learned to talk to people and like them for who they are, so who knows what the future holds. But I know this, I would not want to be a buyer's agent for a team.
If you are just in it for the money, it's not going to work. The amount of money you make will depend on the effort and time you put in. It's not just a part-time side gig.
Lastly, they do not teach you everything you need to know in real estate school. If you can find a real estate brokerage that provides training, that's a plus, but they won't teach you everything either. You learn just by getting out there and doing it, and you will learn something new every day you work on it.
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Gary Eberhart
Bountiful, UT
1,239,901
6 months of reserve. Treat it as a serious business. 20% survivor rate in Northern CA the successful top 2-5% active agents earn 7 figures income in SFBA. That being said, #1 in America is a discount broker. So are public companies like Redfixx. They even gave back leaving little for agents in their wallet.
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Gary Eberhart
Bountiful, UT
1,598,452