4 answers
Lauren
Student
Grundy Center, Iowa
5
Questions
Asked
953 views
What is the hardest part of being a Real Estate agent?
#real-estate
Login to comment
4 answers
Kathie 'Kat" Anderson
Realtor, Graduate of RE Institute, Certified Staging Expert, Military Relocation Professional
3
Answers
Tampa, Florida
Updated
Kathie 'Kat"’s Answer
The hardest part of being a Realtor is when you first start. The majority of Realtors work on strictly commission which means you do not make any money until you have buyer's and seller's that actually buy or sell a home.
It works best if you are fully aware of this upfront and plan accordingly. Generally, it will take 3-6 months to get it rolling so you will want to have a plan for how you are going to handle your finances during this time.
The business of Real Estate has ups and downs, so learn your market and work to find a Mentor in your area that will help you become a Successful Realtor, investigate joining a team since this may help kick start your career, and if you have new construction going on in your area, that may be a way to learn the business while also collecting a small salary and commission. There are many options and many seasoned professionals that will be happy to help you grow into a successful Realtor.
It works best if you are fully aware of this upfront and plan accordingly. Generally, it will take 3-6 months to get it rolling so you will want to have a plan for how you are going to handle your finances during this time.
The business of Real Estate has ups and downs, so learn your market and work to find a Mentor in your area that will help you become a Successful Realtor, investigate joining a team since this may help kick start your career, and if you have new construction going on in your area, that may be a way to learn the business while also collecting a small salary and commission. There are many options and many seasoned professionals that will be happy to help you grow into a successful Realtor.
Jacob Olsen
REO Sales Asset Manager
14
Answers
Prosper, Texas
Updated
Jacob’s Answer
Hi - I work with agents on a daily bases. There is a lot of work they must do to get that property ready to be listed. Also, they get paid on what they sale, so that can be stressful. You will need to work on the weekends, cause that is the best time that most individuals want to view/walk a property, so you have to be available. It can be a very rewarding career. Good Luck!
Meghan Thrasher
Real Estate Agent
32
Answers
Fort Worth, Texas
Updated
Meghan’s Answer
For me the hardest part is full commission. Most of the time as an agent commission is a fantastic thing because it gives you the opportunity to earn good money for good work. You don’t have any ceiling to the amount of money you can make.
However, if the market takes a turn or its those dreadfully cold holiday months you find it is harder and harder to get steady business and therefore, steady income. It is not impossible to do, you can build a successful and dependable business over time.
Starting out in the field with only commission income can be very tough. That’s why it is important to surround yourself with encouraging people who can support you and promote your growth and eventual success in real estate.
As someone who highly values planning and predictable income this has been a very difficult thing to adapt to. It can be done though and it helps to have good training and resources at your disposal. Work as hard as you can to keep getting leads and building relationships with them.
Those slower months are the perfect time to reconnect with people you haven’t spoken with in a while and find out what real estate needs you can meet for them.
Commission can be a daunting and seemingly unstable approach to income but like most things in life, it can be mastered. You just have to commit to putting in the time and effort to learn to master it.
I hope this helps. Best of luck!
However, if the market takes a turn or its those dreadfully cold holiday months you find it is harder and harder to get steady business and therefore, steady income. It is not impossible to do, you can build a successful and dependable business over time.
Starting out in the field with only commission income can be very tough. That’s why it is important to surround yourself with encouraging people who can support you and promote your growth and eventual success in real estate.
As someone who highly values planning and predictable income this has been a very difficult thing to adapt to. It can be done though and it helps to have good training and resources at your disposal. Work as hard as you can to keep getting leads and building relationships with them.
Those slower months are the perfect time to reconnect with people you haven’t spoken with in a while and find out what real estate needs you can meet for them.
Commission can be a daunting and seemingly unstable approach to income but like most things in life, it can be mastered. You just have to commit to putting in the time and effort to learn to master it.
I hope this helps. Best of luck!
nicole zinna
marketing
4
Answers
White Plains, New York
Updated
nicole’s Answer
I would say that the hardest part is working on a commission type of structure for to live! With a real estate job, you will earn your money by selling only, if the market is bad, or interest rates are high, people will not be buying homes, which means you will not get a paycheck! On the other side of the coin, you could have an awesome month where interest rates are low, and tons of buyers are ready to purchase, your paycheck could be huge! So its really a personal decision to be in that type of model, everyone has a different scenario, so if it works for you then go for it!