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Johncotexas, Other/Just Looking in 76116

Aside from the current economy, what in your opinion is the most difficult part of being a Real Estate agent?

Asked by Johncotexas, 76116 Sun Aug 9, 2009

I know that the market is difficult now (who doesn't?) but I am looking for opinions on what other hurdles and hazards one must expect in the Real Estate Agent career field. I am exploring this career path and am doing some research... Thank you for your time and the input.

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Find a good office with great training - that is most important. Don't expect to make a fortune right off the bat. Many people go into real estate thinking that it is easy money after have worked with their own agent. All they see is the final outcome of that agents work - not the hours put into it.

When I first started, I did open houses, covered other agents business - whatever i could to get familiar with the field. Even showing property for other agents helps you to get to know the area, neighborhoods, floor plans popular to each area, etc., Sit in on other agents open houses with the, go to their home and termite inspections and while they are showing property. There are so many different personalitiies out there and you'll learn a lot. Spend some time focusing on builders. Visit their current and past construction sites. Visit the agents at the model homes and listen to them tell you about the neighborhood. When the neighborhood is going through it's first resale turn, you'll be able to give your client information about the development.

The hurdle is to find business and doing a good enough job that your clients use you again and and refer you to others.
1 vote Thank Flag Link Tue Aug 11, 2009
Mentoring and coaching is key to your success. The "cream of the crop" agents didn't get to where they are by themselves (even if they like to think so). No..they had either a great mentor/broker/trainer that helped them develop their voice, style and ethical stance early on.

Talk to as many brokers as possible before becoming part of a brokerage. Make sure that you both have a clear understanding of what you wold like to accomplish with your career and that there is a clear path to success. After that...learn to have fun, roll with the punches and don't forget why you are getting into this.

Best of luck to you.
Web Reference: http://www.c21ab.net
1 vote Thank Flag Link Mon Aug 10, 2009
Johncotexas,
You have some very good advise here. Make sure you are able to support your self for at least 6 months before you venture into any commission position. Also as mentioned make sure you are with a Broker that has a good support program for new agents. Too many agents get into Real Estate and get all excited about the 90 to 100% commission programs. Well 100% of nothing is nothing. There can be too many months of that. It may even be a good idea to partner up with someone for a year or two. Find someone that has more business than they can handle and assist them. This is like an internship but is is really worth it in the long run.
Margaret
1 vote Thank Flag Link Mon Aug 10, 2009
In addition to the prior suggestions, I would like to add the ability to focus, be desciplined, and have a steady marketing plan to build buyers and sellers lists.

If you are new to the industry, network yourself with experienced people in the business. Help them and they will help you...partner with a mentor.
1 vote Thank Flag Link Sun Aug 9, 2009
Hi Johncotexas

I think one of the most difficult decisions you need to make that has a huge impact on your business is who you will choose as your broker. The reason I say this, is education as you begin your new career, is very important. I have been with a couple of different brokers and I returned to Ebby Halliday REALTORS. It is a company of high integrity, great education program, and a support staff that is extraordinary. I began with Ebby in Southlake in 1995 and moved to Oklahoma, where there is no "EBBY" and when we moved back to Texas, I went back to Ebby Halliday Southlake where I began.

My manager, I am sure, would be willing to chat with you at length about the opportunities in real estate. Some of my past clients are very dear to me. You meet great people, you can make a lot of money, it is HARD work, but very rewarding.

Best to you in the future.....if we can be of assistance please give us a call and be sure and check out our web site.

Pam 214.929.5535
Brenda 817.247.2947
Brenda 817.919.0917
Web Reference: http://www.mbyrealty.com
1 vote Thank Flag Link Sun Aug 9, 2009
Regardless of the market, one thing you will face is competition. Even in a good market, competition is out there. You need to find a niche and work it. Also being knowledgable on all the different avenues of real estate other than just showing a house. Mortgage rates/options, neighborhoods, build materials are some of the other areas
1 vote Thank Flag Link Sun Aug 9, 2009
Why are you considering real estate as a career field? Haven't you heard 75% of all new agents are broke and gone by the 5th year? Really ask yourself, "Why do you believe your outcome will be different?"

Now, let me share with you there are many challenges and these challenges mutate with the economy and technology. The challenges change as your permanance in the business is established. The challenges change as you refine your processes to contain costs and try to optimize ROI.

In the face of all of these challenges the NUMBER ONE issue to overcome is getting leads and converting them into real business! When you have an abundance of leads you can make decisions regarding the opportunities that best suit your business models, which ones to refer to others and the ones to incubate. You will not be under the pressure of making every deal work. Some people and leads simply are not worth the time and energy. I don't care how many letters you have after your name, with out leads coming in you willl be out of business. Rah, rah sessions are nice, staging training has purpose for someone, hour of power, yadda yadda, without leads and conversion....well refer to sentence two.
0 votes Thank Flag Link Wed Aug 12, 2009
I love real estate you need determine you niche develop a marketing plan... no matter what I still make money, probably earning more NOW than in past... I have never complained about my income.

GOOD LUCK

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Aug 11, 2009
Being able to tell the fact from fiction....very few agents and very few brokers have an idea of what it really takes to be successful. There is a clear path of spending and revenue that works, but few know it and will share it with you. You can't always watch the old lady in the big hat with the big cadillac. Other seemingly "top producers" buy their market with small net. Some companies talk about training, but don't have a training room in their office.

We'd love to talk with you...feel free to give me a call or drop me an email.

Bruce Lynn
Keller Williams Realty
214-675-6992
rb@teamlynn.com
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Mon Aug 10, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
I must agree with networking. It is one of the most important things in the business. Emailing is great but person/person interaction is key in this business.
0 votes Thank Flag Link Mon Aug 10, 2009
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