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"I Simply LOVE to Look at Houses. I Think I'll Become a REALTOR!!"

By
Real Estate Agent with Keller Williams Indianapolis Metro NE RB14023803

"And they make so much money and their schedules are so flexible!! I have purchased a couple of houses, so I already know alot about real estate!!"Real Estate Agent Holding House

All I can speculate is that I must make this look easy, or that my clients and I have so much fun that they never guess what really goes on behind the curtain!  Five of my past clients have gone on to get their sales person license after working with me to buy a home.  Perhaps in eleven year's time, that is not such a big number, but......

 So many people  are under the impression that what we do is a piece of cake and that we are overpaid. Who wouldn't want to be a part of this?

Naturally I always offer to mentor those who mention they are thinking about taking real estate classes to get their license.  Whether they were embarrassed or simply did not want to bother me because I am busy, they never bother to ask, 'What's it really like Pat?"

If asked, I would start off by repeating to them that I really do enjoy my job.  I consider real estate to be a service profession and it is very rewarding helping folks with one of the biggest investments they will ever make.  From first time home buyers and single moms  to investors and luxury home buyers.  Real estate never gets boring!

I would then remind them that real estate professionals are self-employed responsible for paying their own income taxes and self employment taxes, not to mention health insurance and saving for retirement.  The job is straight commission.  It is recommended by experienced agents and their accountants that a new agent have a cash reserve to cover their first six months in the business. Did I mention you cover your own expenses?  No, my office does not put gas in my car and provide me with a cell phone or free office.

People on ClockFlexible schedule?  Yes, until you get the call from the family coming in for the weekend who want to look at 30 homes.  It can also be difficult to limit the work week to 40 hours.

Lots more to think about than most would imagine.   If you sold a house today, your first payday will be at least 30 days out. 

Best advice is to do some research before giving up the job you have.

 

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Pat Haddad, ABR, CDPE, CRS, e-Pro, GRI

Haddad Team, Keller Williams Realty

317-840-7555

Pat@HaddadTeam.com

Indianapolis real estate and the surrounding areas of Carmel, Fishers, Geist, Morse, Noblesville, Westfield, Zionsville, and everywhere in between!  Whether you are buying or selling a home, I'll be with you every step of the way.

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Comments(105)

Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

We are part of one of the most difficult careers to be in, and I wouldn't trade it for anything. It's fun. Who cares how easy or hard it is to get your license. If they become good agents, great, if not, they'll bail out and we'll work with their referrals. I don't know about anyone else, but I get soooo tired of people talking about "raising the bar" and making it more difficult to get it. I still haven't heard anyone who's not already in say this. Sorry. I just hate the bitching about it.

Aug 27, 2010 01:07 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Geri--Yes, they will have a new appreciation for what we do, but there is a part of me that just hates losing a client to another realtor---even when the other realtor is the client!!

Nathan-- It is the rare agent who is successful and does it only working 40 hours per week.  I am still trying to conquer that skill!!

Maureen--Good for you that you stuck with it and were not scared off by reality!!

Curt--Absolutely serving in the military would be a life altering experience one way or the other.  That retirement check is not nearly enough compensation.  Athletes are amazing.  They do make it all look very easy and we know the commitment it takes to be the best.

 

 

Aug 27, 2010 01:21 PM
Ted Tyndall
Davidson Realty Inc. - Saint Augustine, FL
I will help You find the Home YOU want to Buy

Pat, no one outside the business has any isea what it is like presently.

Aug 27, 2010 01:22 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Don--Maybe there should be a pre-licensing class class----where they start out with, 'You already know all of the positive of being in real estate, now let me tell you some of the negatives!'

J.Philip--Your comment brought to mind agents who spend their time socializing at the office and attending any luncheon with door prizes.  These are the hobbyists!!

Julia--Glad it worked out for you.  You must be one of a minority who get in for the wrong reasons and wind up making it!

William--Maybe agents should be required to work as assistants before diving in head first!

Betty and John--I agree.  I did not get a lot of encouragement starting out.  I think many of the agents in my area did not want more competition.  I think there is enough business to go around!

 

 

Aug 27, 2010 01:38 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

 

Yvette---and all Olympians!!  I want to do what they do!!

Alan--Maybe we need someone to make a documentary--A Day in the Life....

Andrew--Maybe if we got comfortable we would not be as good at what we do.  I say all the time how glad I am that I know all that I know.  How did we ever do it when we were new?

Brian--Exactly.  Not inexpensive just renewing the license, board and tech fees annually!

Gary--Maybe the 56 hours are not enough.  Something like student teaching would be great!

 

 

 

 

 

Aug 27, 2010 01:58 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Caroline--People quite often are surprised to learn that I have a college degree.  It is time that the true professionals are recognized.  There are good and bad apples in any profession!

Claudette--Especially in these unusual times we are living through right now.  Only the toughest will survive!

Wendy and St. Cloud--So true!  Though we do all we can to try to qualify our clients, things happen which we cannot control. It is tough until you have a pipeline going.

Jeanne and Ralph--Now I have been lucky there---while I have had clients become agents and sometimes those clients had become friends, I have never had any friends become agents.

Debbie--Always nice to hear from someone outside the profession who appreciates us!

 

 

 

 

Aug 27, 2010 02:10 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Brien--Now that is a good point!  I spent a day doing yard work once and sold the home that weekend----I do not do that anymore. :-)

Michael--I just interviewed a new agent who wanted to join my team. First words out of his mouth were, 'How in the world are you supposed to get business anyway?'

Earl--We need to keep getting the word out there!!

Jim--That is a riot!! We have all had folks like this!  Pleae Mr./Ms. agent, we need some cheap entertainment!

Missy--I have never thought about that, but you are right---no one ever says they want to be a realtor when they grow up and very few people major in RE in college!!

 

 

Aug 27, 2010 02:17 PM
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

Your blog title are the very words I hate to hear from a new agent!

Aug 27, 2010 02:30 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Joetta--Thanks for reminding me of that!!

Mary--We still only need 16 hours of CE in Indiana----those of us who care about what we do are always taking classes and learning.

Donna--Yes, even our families sometimes do not fully understand.

Jonathan--Those are the sweethearts!  I have had a few of those myself!

Renee--I have heard more and more heavy hitters are hiring agents just to show homes.  It makes a lot of sense.

Stephanie--I appreciate what you do too!  We work hard for our money!

 

 

Aug 27, 2010 02:40 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Jenna--It is one of those things that some have to learn the hard way.

Lindsey--I really appreciate it when someone from outside the profession 'gets' what we do and how hard we work for what we earn.  Thanks for your kind comments!

Sandy--You knew what you wanted and you went for it.  Someone with your determination and work ethic will always make it!!

Jason--Well said!

Susie--What a good point!  FSBO's do not know what it is like to have to tell someone else their home does not show very well.  They have not experienced the reality.

Tammie--Ten years in and I am not rich yet!  I will get there though!!

 

 

 

 

Aug 27, 2010 02:48 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Maria--I love my lenders.  They go through as much or more!!

Art--You have been around to see lots of changes and lots of everything mentioned in the comments here---and you stayed with it!!  Congratulations!!

Jill--They may be one of those things that have to be learned the hard way!

Danielle--You are very wise.  The fact that you have found your way onto AR speaks volumes about you.  There are over 6,000 agents on my local board and only a few hundred are AR members.  To be successful, we must always be open to new ideas and searching for knowledge!

Sandra--And it is not easy to say discouraging things!

Brent--Ya know, you are RIGHT!  I hadn't thought of it that way exactly.

 

 

 

 

Aug 27, 2010 02:55 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Charita---Yes, learning the hard way.

Michelle--Maybe I can call myself an Olympian?  I make it look easy? :-)

Manuel--Good luck!!  Keep participating and learning on AR.  It will be a great tool for your success!!

Patsy--Thanks for the compliment.  I am going to start hoping for a gold medal----or maybe just more commission checks? :-)

Vickie--We have certainly had some scary years and we are in one now. Survival of the fittest!

Patricia--My first bookmark!!

Corinne--And that is only the tip of the iceberg!!

Jerry--Maybe periodic testing to make sure we are staying current.  I recently had an agent tell me e-mail is just a fad.

John--They definitely will have a greater appreciation!!

 

 

 

 

 

 

 

 

Aug 27, 2010 03:05 PM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Donald--Great points.  I have always wanted to write books because I love reading so much---but I am very realistic about my talents, strengths and weaknesses.  You will not find me writing books or competing in the Miss Universe Pageant!!

Eric--I think some of us just get tired of working both sides of a transaction and only getting paid for one.  I just finished a transaction with an agent who met none of the deadlines and came to closing without having even seen the HUD---because he wouldn't know if a mistake had been made if it bit him on the b___. I felt sorry for his client.  Doesn't happen a lot, but it happens and the innocent victims have no idea their realtor did not know how to represent them.

Ted--Yes, current conditions are definitely not ideal!

Damon--But we do hear it, don't we? :-)

 

Aug 27, 2010 03:15 PM
Stanley Stepak
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

with the exception of ourselves and our own families, no one really knows how much work we have to put into this profession to get the results the general public sees.  Its like the making of movie or play and line of "what is going on behind the scenes"  There was a per hour ratio for the work we do.. I don't have it, I wonder if someone out there had it? It was pretty shocking the per hour we make for what we do

Aug 27, 2010 03:48 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Pat, It sounds like you could build a sales teams with your now licensed past clients! Indeed it is a business. We can have fun working our business but at the end of the day … working dominates the time we spend. Great post … congratulations on the feature!

Aug 27, 2010 05:09 PM
Bryan Robertson
Los Altos, CA

If only people could get an idea of what life was really like for Realtors.  Our experience would make a good reality show - all the drama, stress, screaming, and crying would easily fill 45 minutes of airtime.

Aug 28, 2010 02:27 AM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Stan--Over the years I have seen other agents write up a summary of our expenses, hours and pay.  It might be a little tacky, but might not be a bad page to include in a listing presentation!

Kathleen--One of my past clients does work as my director of marketing and I love her! Thanks for the kudos!

Bryan--I don't know Bryan.  It might just create more confusion for the pronunciation of the word REALTOR....re-al-i-ty.....real-i-tor. :-)

Aug 28, 2010 03:09 AM
Sanna K. Thomas
Sellstate Next Generation Realty - Ocala, FL
PA GRI, E-Pro, SFR, AHWD, LH Ocala Florida Luxury

 Now that the days of the catered Realtor open house is gone  I don't know... Personally its a perk I can save the calories and the time!

Aug 28, 2010 04:20 AM
Street Russell
Short Sale Asylum - Louisville, KY

For anyone who thinks real estate agents are overpaid, have them sit through their own short sale! Real estate agents are more than just catchy slogans and yard signs..."catchy slogans and yard signs."...I think I just found the subject for my next blog post.:)

Aug 28, 2010 08:22 AM
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Sanna--So are you saying you got intot the business or the freee lunches? :-)

Street--Yes, I think I may have actually lost money on a few of the short sales I have done, but I guess my reward on those was helping the home owners!

Aug 28, 2010 08:50 AM