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Justin F., Both Buyer and Seller in Lancaster County, PA

What are the positive and the negative things to being a real estate agent?

Asked by Justin F., Lancaster County, PA Fri Feb 13, 2009

I know things are not always bad or good. So please inform me. Thanks a bunch.

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Justin F.
This is the best profession, if you can be focused and have about 6 months reserve funds available. Schooling is not too challenging, but it's the hands-on experience that is fun and where you learn. I would hook up with Vicki Wolfe at Prudential 717-393-0100, sign up with Prudential and they will provide the best training on the market. Give Vicki my name, she'll treat you right! Meeting new people and every deal is different. It kept my interest for 15 yrs. You can live your life, you have to add apts to your calendar for family and friends. You must make calls all the time. This market is challenging for starting up, but I thnk it is starting to get better already. Good News!
0 votes Thank Flag Link Fri Feb 13, 2009
Justin, I think I am fortunate to be working in a profession that I love. There are so many positive things. It is a good job for someone who loves to work with people, who has a lot of patience, is detail oriented, well organized, you can work from home part of the time if you are disciplined, I can go on and on.
The negative is that sometimes there may be a clash when you want to be at an event with your family and a client needs you at the same time.You have to learn to set the rules, have a good person who can cover for you when you go on vacation etc and be prepared to work long hours , though you get to say you are not available when you have something else to do.You need to be with positive people and always keep in touch with your sphere of influence because that is where you will get your business from. You do not get a paycheck if you are an independent contractor and have to learn to budget . Good luck.
Web Reference: http://www.gitabantwal.com
1 vote Thank Flag Link Sat Feb 14, 2009
Hi Justin. For me...the positives outweigh the negatives (even though it comes with a hefty overall price tag).The positives.... first let me say I adore this industry. I like the ability to take control of my life, my finances and my future. I can do absolutely anything with my life. It also makes us grow as a person...makes us realize just how resilient we are as human beings. We also help others get through something as emotional and challenging as buying or selling the largest investment of their personal life (and often during their times of sorrow: sickness, death, divorce). Overall...It is the best sense of accomplishment you could ever, ever imagine. This industry is incredibly, incredibly rewarding...for me it outweighs the NEGATIVES:... Real Estate is not for the thin skinned. It's not for someone that struggles to keep a good attitude and sense of humor. It's not for someone unable/unwilling to work *incredibly* long hours and that can not "bounce back" continuously. It an industry that forces a "never say uncle" attitude. It's emotionally draining... one minute up the next minute down. One day you'll have worked with several terrific agents...the next you'll work with some agents with different standards *ENTIRELY*. It's a little frightening at times when you generate ever penny to feed your children and nothing is scheduled to close (it happens...give up? or work harder!!) Lastly... Being a Realtor is incredibly, incredibly financially draining. If the general public realized how much we pay out...and to whom and for what and our level of expertise.... they would appreciate more when they do come across a hard working, educated Real Estate Agent ...instead we are often viewed as over paid, slackers and less educated than a door .... it's unfortunate, unfair and certainly not true.... but that's just the way it is. Like anything else in life... it is what YOU make it. Hope this helps.
0 votes Thank Flag Link Sun Feb 15, 2009
Justin, both of the answers were great. I want to add to that however, put a business plan together as you are an independent contractor and not employee and you have to treat this as your business. You must pay out of pocket for just about everything so it's best to know upfront what your expenses are so that you have that in reserve. You may think about teaming up with an established team so you can learn the ins and outs of the business. No two transactions are ever a like. I too love this job but it can get to you so you must be self motivated. Prudential does have a great training program and had a super web presence when I was looking in 2001/2002. If you have a full time job keep it until you are able to migrate to a full time realtor. Good Luck!
0 votes Thank Flag Link Fri Feb 13, 2009
Some of the positives are that you get to meet people from different walks of life or from different places in the world. But the main positive is you get to help an see someone's dream of owning a home come true. Some of the neagatives are after working long hours and putting a lot of time and putting a deal in contract, it can die for various reasons. Another negative is their is a preconvied notion by some that Real Estate Agents are not needed to put deals together when we are the ones who brings about the meeting of the minds and the glue that holds it together. We have to always be in contact with both lawyers, engineers, morgage broker, buyer, seller, other agent and solve any problems that may arise before contract closes.

Jackie Stewart
Century 21 Laffey
Cell 516-724-7884
email - jstewart@laffey.com
0 votes Thank Flag Link Fri Feb 13, 2009
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