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Agent2Agent in 92880 : Real Estate Advice

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Tue Sep 16, 2014
Annette Lawrence answered:
Based on what you have shared regarding your real estate business, it is most likely you will be returning to your day job in two years. Have you invested any effort in understanding the local real estate market and industry?

Let me ask you, who would open a business, say a store, without knowing what the store will sell, what the product will cost and from where it will come, who will buy, how much they can pay, where are these buyers located, the overhead expected, labor costs and lease and licencing fees?

In a short time you will be shouting, "I have my license. Now what?"
How would you assess the probable success of starting a business without a plan?
Without a clue?

Without a doubt, you are looking into the most dynamic industry on the face of the planet. 95% of those who enter NEVER make a living wage, and they will all say, "I worked my ass off, but the established agents would never let me get started." or 'the broker favored the old agents' or 'all they wanted me to do is sell to my friends, family and workmates," or "my broker never trained me," or 'they gave all the good stuff to other agents,' or.....well the excuses go on and on and on and on.

How much can you make in your first year?
It depends on who you fly with.
If you join an outfit that averages 2 transactions annually per agent, you make $12,000, much less than you can make at Home Depot.
If you join the outfit that averages 20 transaction annually per agent, you make $120,000, if you are teachable and wiling to follow directions, make a real commitment, and have unwavering fidelity to the commitments you make to yourself.

Read carefully what John from Palo Alto wrote. For those that have ears that hear.
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