New Survey Confirms I Made a Good Choice

Realtors get a lot of flack. 

 

When the market is hot, the public thinks we get paid too much money for doing next to nothing.  When a home sells in a matter of minutes after placing the sign in the ground, can you blame the consumer for wondering why we get paid $10K, $15K, $25K?  Of course, we know that we're getting paid for all the work that happens between contract and closing, but good luck getting the clients to understand that.  

 

 

On the flip side, when homes languish on the market for months, people are quick to blame us instead of the condition or location of the home, their overambitious pricing, the local job market, the overall real estate market.  Realtors are the scapegoats.

We can't win either way.  And on top of it all, consumers all think we are millionaires.  Why?  It's printed right on the business cards -- multi-zillion dollar producer, #1 agent, life member million dollar club.  

 

 

 

It's been reported many times that being a real estate broker or agent is not a prestigious occupation.  Very few kids aspire to be a Realtor "when they grow up."  A Harris poll ranked occupations by prestige and we came in at the bottom with only 5% thinking working in real estate had prestige.  Scientists, doctors, firefighters, teachers, military officers, and nurses were at the top of the heap.  Member of Congress weighed in at 31%, while lawyers garnered 17%!

 Thus, it is no wonder that many people questioned my decision to move from a "prestigious" legal career to a less than "prestigious" career helping people with the most important financial decisions in their life by assisting with their real estate needs.  I guess it is just not as sexy to tell your friends and family that you are a Realtor as it is to say you are a "high-powered D.C. corporate attorney."  Read my opinions on The Difference Between Realtors & Lawyers

But, like you, I did not choose real estate for its prestige. 

 

 

 

Yesterday, I received my copy of the ABA Journal -- "The Lawyer's Magazine" which contains a cover story on the "Pulse of the Legal Profession" with its exclusive survey about "what lawyers think about their jobs and lives".  The details of this story confirm for me that I made the right decision in joining the ranks of the Realtors.

Some of the findings of the survey included:

  •  69% of attorneys believe that "Lawyers have become less civil to each other over time."

  • 55% of attorneys are satisfied with their career.  For those in practice less than 10 years, the number falls to below 50%.  Of big-firm lawyers, the number is 44%.

  • Only 44% of current attorneys would "recommend a legal career to a young person."

These statistics do not present a flattering picture of the legal profession.  

 

 

Early in my legal career, a senior attorney suggested that I read James B. Stewart’s “The Partners: Inside America’s Most Powerful Law Firms.”  He thought that it would give me some insight into the excitement of the elite practice of corporate law.  While the stories of the corporate and legal power play of mergers & acquisitions and corporate IPOs was interesting, there was something in the book that made even more of an impression on me. 

 

 

At the end of each chapter, there was a page or two that detailed the personal lives of the attorneys involved in the big deals.  Without exception, each one had been divorced, became an alcoholic, missed out on their children’s lives, or suffered some major illness – all stemming from the stress and long hours of work in the big law firm.

I decided then and there that this was not a tradeoff that I wanted. 

 

 

 

 

 

 I don't know what the statistics are for Realtors (and it is true that there is a lot of Realtor turnover -- see  Another One Bites the Dust: Realtor Turnover), but I do know one thing:

 

 

I am happy and proud to be a Realtor!

And I'm guessing that you are too. 

 
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98 Comments on New Survey Confirms I Made a Good Choice

Brian,

 I love being a Realtor also!  I have noticed that a lot of top producers have a hard time keeping a good relationship and i think a lot of it has to do with time management and being able to say "No".  I know that I am guilty of not saying no enough and getting too busy to spend time with my family.  The great thing about being with EXIT Realty is that now instead of saying yes or no to a potential client I can "DELEGATE" to another Realtor in the EXIT Realty system and they make money and I get the sponsoring bonus (I do enough of these that it is like making a SALARY),  and I get to spend time with my family too!!! COOL HUH????  Everyone wins!  Have a great day!

10/02/2007 09:05 AM by Exit Realty Showcase


I enjoy helping people and sharing their excitement when they get the keys to their new home!  I LOVE being a Realtor!

10/02/2007 09:09 AM by David Slavin, ABR RE/MAX Grand - Katy, TX (RE/MAX Grand)


Brian, great post. I always tell my employees that if they are not happy doing what they do, then they need to find something else to do.

10/02/2007 09:10 AM by Danny Thornton (Home America Mortgage, INC.)


Brian -  great post! I have wanted to be a Realtor since I was 9 or 10; at the time my father talked me out of it (I really wish he hadn't!), so I took the long road, but I got here! I LOVE what I do!

10/02/2007 09:18 AM by Carol Zingone, GRI, SRES (Vanguard GMAC)


Great Post - You have to love what you do.  I am definitively hooked.

10/02/2007 09:19 AM by Paul Viau , Guaranty GMAC ,Halifax, N.S. (Guaranty GMAC Halifax)


BRIAN:  I think that your choice was more difficult because you actually went to extra schooling to become a lawyer, another profession that isn't particularly loved by the public, but does have a cache to it.  Like you, I think that many of us made this decision as a lifestyle choice.  After all, what other profession allows you to become an overnight entrepreneur with very little outlay of cash compared to starting a new business?  Interesting post.

10/02/2007 09:21 AM by Adam Waldman - Long Island REALTOR® (RE/MAX Best)


Brian,

Nice Post! Years ago, it was hard to have a career in real estate and raise a family properly. but as Jennifer has expressed above it is much easier to 'juggle' family demands and customer concerns. I think technology and the 'team' concept has greatly contributed to making this possible! Thanks,   Fran

10/02/2007 09:23 AM by Fran 'The Title Man' Gaspari Title Insurance-PA & NJ (Patriot Land Transfer, Inc.)


JENNIFER:  Thanks for your comments.  Time management and being able to say no is a big part of being an entrepreneur and in achieving balance in life.  I'm glad to hear that things are working out for you and that you are able to make time for your family.

10/02/2007 09:49 AM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


DAVID:  Thanks for the enthusiastic Hooray!  It is wonderful to share in our clients' excitement.

10/02/2007 09:50 AM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Brian, Being a realtor is a part of my life and personality is not a job is who I am and a way a part of me can help people.

10/02/2007 10:08 AM by Camarillo CA Real Estate Agent/ Mana Tulberg (Beach View Real Estate)


Brian:  Great blog!  It is nice to hear about your wonderful experience in the career change.  As a fellow attorney, I can definitely relate to the information and the stats!  Scary, isn't it?  I would love to chat with you sometime about your experiences!

10/02/2007 10:17 AM by Martinelli Caputi & Associates, Ltd. (Martinelli Caputi & Associates, Ltd.)


Brian - Congratulations on getting another featured post!  This was an interesting one.  I can certainly understand why you chose a career that will enable you to have a life outside of work.  It makes me a little sad that only 5% of people think our industry has prestige, but I guess I really shouldn't care, as long as I am content and doing the right thing for my family.  Have a great day!

10/02/2007 10:18 AM by Jason Crouch, Broker - Austin Texas Real Estate (Austin Texas Homes, LLC)


I think it would be higher for Realtors. I also think it depends on when the question is asked to realtors as well.

10/02/2007 10:28 AM by T.U.P. Realty


I actually wnated to be a Realtor out of High School.  During college a Family friend helped me get a State Job in the IT field.  It was temporary to help me pay for school.  After school I ended up an various Companies all in the IT field.  THen came marriage, then a daughter, then a son, and WOW 15+ years had gone by and I was still in the IT field.  Though I liked my job, the passion was gone, It was time for a change. 

The head of my Department made a trip to come and see me and talk to me after I made my announcement that I was leaving the Corp Life.  He flat out asked " Will this make you stay" as he tried to hand me a sheet of paper. 

My response to him was, my decission is not about the money, it was about a career change.  Following a dream that I had, nothing personal.  I never looked to see what he was offering. 

Call me crazy but I consider my career very prestigious.  It's rare to find somebody who actually loves what they do so much that they look forward to going to work.  Most people simply word because they have to.  Every Realtor I know actually loves what they do, no matter how thepolls perceive us. 

Realtors are like Politicians-  No matter what the Polls and the Press says, we still have a job to do.  Its easy to blame an insider for problems than becoming an insider and creating results. 

10/02/2007 10:32 AM by Chad Baird (Re/Max Spirit)


Brian, I forwarded this to a coworker who left the law in DC to be a Realtor here in Lancaster.  Well written!

10/02/2007 10:36 AM by Jeff Geoghan MBA, - Lancaster PA Real Estate Expert (Long and Foster Real Estate, Inc.)


As with most, I had a circuitous path to get here.  I'm glad I took it.  I like where I ended up... so far.  Luckily, I seem to work with people that value what I do.

10/02/2007 10:40 AM by Lane Bailey - The REALTOR for Car People (Century 21 Network Realty)


Brian,

You made the right choice.  Being a Realtor may not be the most glamourous or prestigious job in the world, but it is a rewarding one.  Just seeing my client's face light up when I hand them the keys to their home, then I know I made the right decision to become a Realtor.

10/02/2007 11:04 AM by Harold Watts' Palm Springs Real Estate Blog (Lyle Realtors)


If you don't love what you do, then there is no way you are wholly putting your best efforts into it.  There is enough complacency in Real Estate....do something you enjoy doing...and find a way to get paid for it.

10/02/2007 11:23 AM by Drew Riley (Spa Realty, Inc Team Riley)


Brian,

I too am glad I made a change.  As the former Director of Nuclear Medicine for Florida for a company from New York, this has been a welcomed change. My parents bought and sold real estate my entire life. They insisted I go into the medical field after high school and I did well for years.  Finally I made the decision to follow my passion!!! What is amazing is the parallel.  I used to manage out-patient facilities, now I help people sell and purchase homes.  I'm glad I minored in Sociology and Psychology! I now have come "full circle" with my education.  It's all relative.

Love to see the smiles when you close a deal! Nothing is as rewarding as having another happy customer!!!

By the way Brian, another great post!!!

Karen Monsour, Realtor, EXIT Realty Properties, Coral Springs, Parkland, Fort Lauderdale, FL 954-464-4194

10/02/2007 11:30 AM by Karen Monsour,Realtor® Coral Springs, Parkland, Ft. Lauderdale, FL. Broward Co (EXIT Team Realty)


Brian - I worked a couple very stressful careers for almost 20 years before an injury made me see that my days in the field were not supposed to continue.  I am glad, and thankful, that I made the move to Real Estate and I appreciate and enjoy each day.  Great post!

10/02/2007 11:50 AM by Carol Smith, ReMax Preferred, REALTOR®, Toledo, OH (www.calltoledohome.com)


This is the best job I've ever had!   My degree is in accounting, and I slogged through audits and tax seasons at CPA firms, and knew that wasn't for me.   Sitting in a room and crunching numbers, and being told I would never make partner because no woman had ever done that in the firm just sealed the deal for me to get out of there.   THEN I taught school for ten years.  Loved working with the children, but the stress to financial compensation ratio finally ran me out of education.   No matter how hard you worked or how successful you were with the children, you still made the same money as the incompetent teacher next door, not to mention the effect of the long hours of stress on the body.   Now I am the master of my fate so to speak.  I work when I want, with whom I want to work, and I love it.  My success is a direct  result of my actions. I run my own business and I don't have to worry about "making partner" or being named a "master teacher".   And the satisfaction of helping people AND keeping my sanity and solvency is the best feeling in the world! 

10/02/2007 12:05 PM by Mary Ann Daniell (Coldwell Banker United Realtors)


I agree I would not trade what I have as a real estate agent and moreso because I can CHOOSE how much business I want. Granted, we all need to pay our bills...although I am at the point I just want to have SOME time to enjoy my life too. I can see your point about the attorney life. Yuk. Enjoy the time with your family as well because those times are worth it...if not just for the memories.

10/02/2007 12:35 PM by Celeste "SALLY" Cheeseman (RA), Hawaii Real Estate & Hawaii Relocation (Century 21 Liberty Homes -Mililani, Hawaii)


DANNY:  Thanks for your comments.  The best employee is a happy employee.  If you enjoy what you are doing, your passion will show, and the money will come.  This has always been my philosophy.

10/02/2007 01:49 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


CAROLE:  Thanks for commenting and your compliment on the post. Were your parents in real estate?  I don't know a lot of 9 and 10 year olds who aspire to a career in real estate (not that there is anything wrong with it, and who knows, one day I may encourage my future children to pursue this path).  If I could turn back the clock, I would have become a Realtor much sooner, though I do not regret for one moment the legal training that I have.


10/02/2007 01:53 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


PAUL:  Thanks for stopping by and being a part of the Amen corner.

10/02/2007 01:54 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Brian, I have a friend who was a divorce lawyer. She was so sick of the adversarial style of her peers that she started her own business of peaceful divorce mediation...what she calls "Divorce in a Day."

It seems that many of these important jobs (medical, real estate, law, etc) are all too corrupted by greed and self-interest. No matter what you do for a living: Play Nice.

Thanks for the great post.

10/02/2007 01:57 PM by Hemet Home Loan Guy, Joey Aszterbaum (Patrion Mortgage)


ADAM:  Thanks for your comments.  I do agree that the choice was more difficult.  As you know, law school is 3 years of extra school and tuition.  And the time spent there is not fun and neither is studying for and taking the bar exam.  You're right, lawyers aren't particularly loved either, but mothers do like to brag about their "lawyer son in NYC, or D.C."  It is definitely a lifestyle choice -- real estate may have its hectic times and stressful periods, but at least we're always working for ourselves (and clients) without a boss or partner breathing down your neck and the Realtor lifestyle does offer more flexibility for family time.

10/02/2007 01:59 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


FRAN:  Thanks for your comments.  I've been in real estate for 6 years so I've never been without "technology" though it has certainly grown by leaps and bounds even in this short period.  I'd agree that it has made it easier to juggle family demands and work for clients.  Also managing your time well can allow you to achieve some balance in life.  It's too easy to get caught up in the nitty-gritty details of a transaction and forget what's really important.

10/02/2007 02:02 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


MANA:  Being a Realtor certainly is a lifestyle and a business, not just a job.  The Realtors who treat it as a job are the ones who will not be here in 2 or 3 years.  Thanks for your comments.

 

10/02/2007 02:04 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


RICHARD:  Thanks for coming by.  I don't think we've met before, but it's great to hear from another attorney/Realtor.  Feel free to give me a call sometime and we can swap war stories and I'd be happy to discuss in more detail my transition from law to real estate.  You might also want to read my two posts from September 11th which discuss how my real estate career was launched after that dreadful day.  Enjoy your vacation and let's chat soon after you return.

10/02/2007 02:07 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


JASON:  Thanks a lot!  I was actually quite surprised to see that this post got featured this morning.  I wonder if that 5% number reflects the fact that 1/2 of the real estate licensees are NOT REALTORS.  Do you think the percentage would be higher within only the Realtor population?  But as I wrote, I doubt any of us thought to join the industry because of a prestige factor.  We need to realize that work is a means to an end and that end is to live a good life.  It is important to plan your work around your life and not vice-versa. 

 

10/02/2007 02:10 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


JEFF:  Thanks for your comment.  I think people like THEIR REALTOR but don't have an overall favorable impression of the industry.  However, the survey was discussing the prestige of the industry, not the overall impression.  So people could really like their agents but not think that the career is a prestigious one.  I think that the low barriers of entry into the real estate field contribute to this impression.

10/02/2007 02:20 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


CHAD: I appreciate your comments and your personal story.  I consider real estate prestigious too despite what anyone else may think.  We help people with some of the biggest decisions in their life.  We hold their hands through a very emotional process while trying not to get our emotions involved.  We help people build wealth by becoming homeowners and real estate investors.  We help our local economies and neighborhoods and create a tax base for the localities.  We educate. We hopefully inspire.  Most of the Realtors that I know love what they do.  All of the good ones are passionate about it with a capital P.

10/02/2007 02:26 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


JEFF:  Thanks for forwarding this on to your coworker.  I hope that they find it interesting and helpful.  I know a few other attorneys who are now full-time Realtors including one in my brokerage.

10/02/2007 02:39 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


LANE:  Thanks for your comments.  I'm fortunate to work with people who value my services as well. 

10/02/2007 03:08 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


My goodness, what a fun post to read.  And I thought I was prestigious.  Nah, just kidding.  I do love my job though.  Busy times, slow times, it really is rewarding.  My clients tend to help me feel this way.  They appreciate the work I do and they tell me that.  It doesn't get better than getting to the closing table and a client saying, "You don't make enough."  I say, "Thank you." and I smile so big!

10/02/2007 03:14 PM by Virginia Halter Broker, ABR, CRS (RE/MAX Signature Properties)


Brian I believe only fifteen percent survive the first year.  I am still in my first and it has been tough.

10/02/2007 03:33 PM by John Walters (Specialized Real Estate)


Very nice.....I left my job as an electrician which allowed me to enjoy life and set my own schedules.  I'm not sure why anyone would leave this profession and quite honestly I'm glad most don't think it's prestigous that way we can keep it to ourselves!!!

10/02/2007 03:36 PM by Ryan Haddock (Sound Advisors)


Great post and very informative, I really enjoyed reading your post.

Thanks for sharing it!

10/02/2007 03:44 PM by Orlando Homes Armando Rodriguez Real Estate & Mortgage Broker-GRI (QUEST REALTY SERVICES)


Only 44% of current attorneys would "recommend a legal career to a young person."

Thats crazy talk.  Seems that when deciding what career you want people should talk to others in their industry.  Great post, cool stats.  Thanks. 

10/02/2007 03:47 PM by Stephen Joos & Chris Brubaker- HouseFront (HouseFront)


Sometimes I wish we had more prestige for the work we do, but I think we have to raise the bar to make that happen. I love what I do and I am glad you made the switch!!

10/02/2007 05:18 PM by Ginger Wilcox, Marin County Realtor (Pacific Union, Marin Real Estate)


Brian,

Just a little chime in here!

I actually know and love a bunch of lawyers who absolutely, completely loved their jobs.  They were attorneys at the Public Citizen Litigation Group back when I worked for Nader.  They had a total blast - so did I (they needed a flute major to be the token "Ordinary Citizen" and file petitions with a bunch of regulatory agencies to prove "Even a flute player can do it.")  Most of them got to argue important cases before the Supreme Court during their tenure, and my mentor, Reuben Robertson, was instrumental in bringing down the Nixon Administration.

Being part of that was heady.  It was fun.  Now they are the core of my client base.  And even after they left Public Citizen, they continued to have fun and make a difference.  My latest big deal was finding a new home for Alan Morrison and his wife, Anne, so he could become one of Adrian Fenty's "Wise Old Men".  Alan, who could work anywhere he wanted in this town, is working for the DC Government and will be representing its citizens in the upcoming Supreme Court case over hand gun sales in the District.

Sometimes, I wish I had gone to law school.  Sometimes I think I should do it now.  And if I did get a law degree, I think I'd take the bar exam and keep right on helping people find the perfect house in which to have a great and fun life. 

Great post, by the way! 

10/02/2007 05:54 PM by Patricia Kennedy (Evers & Company)


HAROLD:  Thanks for your comments.  I haven't seen you around in a while.  While people might not perceive real estate as glamorous, I feel that the lifestyle of the entrepreneurial real estate agent is about as glamorous as it gets.  I eat almost all my meals with my wife, work many days in my home office, rarely deal with rush hour traffic and get to meets lots of wonderful people (and some real characters too).  By the way, I wrote another post a while back about seeing client's faces light up.  See my post Smile -- The Biggest Reward


10/02/2007 06:39 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


DREW:  Thanks for your comment.  I agree 100%.  You can make money doing just about anything.  But if work is a drudgery, your life will be too.  The people who make the most money in any field are the ones who truly love what they do.

10/02/2007 06:41 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


KAREN:  Thanks for your comments and compliments.  While my parents never insisted that I go to law school, I thought it was something that I wanted to do from quite an early age.  While in college I never really explored other options, knowing that I was on the path to law school.  I didn't know that real estate was a passion for me until I got involved in the field.  Even then, I was still hanging on to the law practice for a while, until I decided that it was too hard to "serve two masters."  You can't be great at both and keep your sanity, so I chose the real estate path and am happy with the decision.  

Sociology and Psychology are definitely useful studies for the business of real estate.  Every real estate training course I've taken deals with those fields in one form or another, and understanding human behavior is essential for negotiations.

10/02/2007 06:45 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


CAROL:  Thanks for your compliments and comment.  I'm sorry you had an injury, but sometimes it is things like that which put life in perspective.  I'm glad that you made the move to real estate and that you are enjoying life and appreciating each day.

 

10/02/2007 06:48 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


MARY ANN: Thanks for your comments.  I certainly don't envy accountants during tax season!  I've seen those bleary eyed CPAs who barely sleep during the latter part of March and throughout April!  I hope that you are selling the homes of those rude accountants who told you that you'd never make it past that glass ceiling and charging them a higher commission -- HA!  Teaching is certainly a very honorable profession, but I can understand the financial stresses and the lack of pay for performance standards in the schools.  I'm so happy that you've seen the benefits of real estate and that you are enjoying the career as a Realtor.

10/02/2007 06:51 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


SALLY:  I always love to see your comments and perspective on the posts that I write. Family time is so important and I can't imagine the tradeoffs and where my family relationships would be right now if I had stuck with the path of pursuing partner at a law firm.  Even as a junior associate, there were way too many late nights, long billable hours, and missed family time, because some partner needed a brief completed by Monday.

 

10/02/2007 06:54 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


JOEY:  I appreciate your comments.  I've done just a few divorces in my day and luckily they've all been uncontested, but there is not really such a thing -- even an uncontested divorce involves bitterness on both sides.  A couple years ago, a friend of mine asked if I would help with his divorce.  My wife and I were friends with both him and his wife.  I said NO WAY and referred him to some other attorneys that I knew.  

Yes, we should all play nice -- unfortunately it is not always possible.

10/02/2007 06:57 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Brian - You make so many excellent points. I would not change a thing. I not only enjoy being a Realtor, I am proud that I am a Realtor. It is sad to read the statistics regarding lawyers. I am pretty sure that physicians suffer the same fate. Both groups are easily maligned. Our industry is rooted in the rule of law. The people that set this entire experiment into motion understood the importance of having laws. Litigation is the natural offshoot. The demands of high pressure positions dooms most that have them to a life that is disproportionately career focused.

Although, Realtors are often lumped into the category of highly paid professionals that don't earn their money, attorneys and physicians suffer the same stigma. Those that stand on the sidelines casting stones are the first one on the phone when think they have a need. The late night phone call because Johnny is in jail for driving drunk never is tainted by the colors of negative stereotyping. The doctor in the emergency room is never chided about being on the golf course every wednesday afternoon. The new homeowner that just received the keys at settlement do not turn to their agent and say "you sure were overpaid".

So it goes. Counseler, it is a priviledge to have you amoung our ranks.

10/02/2007 07:04 PM by John MacArthur The MacArthur Group (Long and Foster Real Estate, Inc.)


VIRGINIA:  Thanks so much for your compliments.  Real estate is a very rewarding profession both emotionally and financially.  There's nothing better than a happy client telling you that you've done a great job.  After each settlement, I always come home "all fired up" and eager for the next one.  It's almost like the thrill of the chase where getting to the next settlement is the "next fix."  I've had clients tell me "you don't make enough" as well and that does make me smile when the finally understand all the work and sincere efforts we put in and how much of "us" goes into each transaction.

10/02/2007 07:15 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


JOHN W.:  I don't know if the numbers are that small, but maybe so.  The first year can indeed be rough and mine was too, but if you persevere and survive, things will get easier.  While I'm in my sixth year, it's not quite cakewalk yet, but some of the pressures are gone and I'm not always worrying about when the next bit of business will come.  Thanks for your comments and keep the faith!

10/02/2007 07:18 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


RYAN:  Thanks for your comments.  Shh!  Let's keep our secret -- last thing we need are more Realtors!  While NAR likes to tout how membership grows, is it really best for us to have such a large inflow of new Realtor blood like we've had over the last few boom years?

10/02/2007 07:22 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


STEPHEN:   I found these statistics very interesting when I read them in the ABA magazine survey.  Before choosing a profession, it is definitely wise to talk to others in the industry.  That's what I did before becoming a Realtor.  Thanks for your comments and compliments on the post.


10/02/2007 07:50 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Brian, you actually have best of both worlds..... you know the law......you can debate better than other realtors that don't read details of the contracts......hopefully, you will never be sued......LOL!  Real estate is a great job.  Dealing with clients you want to help is always very rewarding.

10/02/2007 07:50 PM by Kay Van Kampen, Broker, Springfield Missouri Real Estate (RE/MAX Solutions)


GINGER:  Thanks for commenting.  I knew that you were passionate about real estate and Marin County.  I'm glad that I'm here too!

10/02/2007 08:14 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Brian - Real Estate and law do have their similarities. You obviously need to have great communication skills in both fields. I guess I can understand why some of the lawyers in the big time firms in the high paying cases fall victim to the things you mentioned. I am willing to bet the daily stress has to be incredible. It is great you made the right move. I can't imagine myself in any other business myself except maybe building homes instead of selling them.

10/02/2007 08:16 PM by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)


PATRICIA:  Thanks for chiming in.  You earn the distinction of being my "favorite liberal w/a capital L" on Active Rain.  "Even a flute player can do it" -- very funny!  It's great that all these attorneys form your client base.  I've had lots of attorneys as clients too, guess it is unavoidable in the D.C. area.  

By the way, is there anyone in D.C. that you don't know?

If you do decide to go to law school (LOL!) let me know, I'll give you some tips.

10/02/2007 08:32 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


The great thing about the low prestige rating of being a realtor is that it keeps people out of the business.  If people only really knew how great this job is.  The longer the general public scoffs at being a realtor means the longer I'm going to have a smile on my face.

I have friends that are lawyers and there is not one thing about that profession that I would ever desire to have.  Except for the great view that some of them have from their high rise buildings.

 

10/02/2007 08:42 PM by Rob Gerichs (RE/MAX Honolulu)


JOHN M.:  Thank you for your very well-thought out comments.  You are so right.  People disparage lawyers, but they are the first ones to call their lawyer when they get into a bind.   There are jokes about doctors but everyone needs one.  And nobody complains about their Realtor who successfully sells their home.  Every profession has its ups and downs, but I too am proud to be a Realtor.

I'm also proud of my legal education even though I don't really practice anymore.  I'm privileged to be your colleague to the South.

10/02/2007 08:45 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


KAY:  Thanks for your comments.  I do use the legal background to my advantage when discussing my services with my clients.  While I don't represent them as an attorney in the transaction, they feel comfortable knowing that I have the knowledge to prevent legal problems from occurring which could prevent the deal from happening.  And yes, I do pay a lot of attention to the details of the contract.  Well, I hope I'm never sued either, but at least I know a good lawyer :)

10/02/2007 08:55 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Brian - I certainly am VERY proud to be a REALTOR and I LOVE what I do.  Once people experience what it is that we do on their behalf, I think those people are quick to acknowledge that we really do earn every nickel we get paid, and then many times, far more than we were paid.  It is sad that many think we are grossly overpaid - I'd offer that they just haven't had an opportunity to experience the level of services that a PROFESSIONAL REALTOR brings to the table.

Yep, I'm quite proud of what I do and what I stand for!!
Ann

10/02/2007 09:03 PM by Portsmouth NH Real Estate ~ Ann Cummings (RE/MAX Coast to Coast - Portsmouth New Hampshire)


Your coments about playing the blame game reminds me of being married.  I am sure that my husband married me to have someone to blame for everything.

10/02/2007 09:05 PM by Vicky Poe, Realtor/Apprentice Auctioneer (Realty 1 Group)


BILL:  Yes, there are a lot of similarities in the two fields.  Many of the partners that I worked for in D.C. were on their 2nd or 3rd trophy wife and spent lots of late nights at the office or they were so busy that they didn't have time for a social life. But yes, they had some high profile cases and made tons of cash.  But so do the Realtors who help them buy and sell their large estates in the suburbs.  Thanks for your comments.

 

10/02/2007 09:07 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


ROB:  Do you think people are kept out of the business because of the prestige rating?  I'm not too sure about that, but it may be a factor.  Though, I think many people are drawn to real estate because they think it is a way to make a quick buck, and then they quickly leave once they discover all that is involved in sustaining a successful business.

There are definitely some good things about the legal profession including the intellectual challenges of dealing with novel legal issues and the feeling of making a difference in someone's life (which is also a big benefit of real estate).  My most meaningful legal experiences were the small matters I handled as a sole practitioner before entering real estate.  Helping a woman get a temporary restraining order against an abusive ex-husband, and helping a Sudanese immigrant set up a 501(c)(3) charity to help his fellow Sudanese-Americans were very rewarding legal experiences for me.  Also helping an elderly Russian immigrant get his U.S. citizenship was something that made me feel great and very appreciated.

One of the best views I ever had was of San Francisco Bay from the upper floors of an attorney's office.

10/02/2007 09:19 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


ANN: I think that all Realtors should be proud of the profession.  It really is not an exaggeration to say that we are the gateway to The American Dream.  I agree with your statements about our worth and how people who have truly experienced our services understand the value we bring to the equation.  Thanks for your comments.

10/02/2007 09:23 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


VICKY:  Your comments made me laugh.  Thanks for stopping by.

10/02/2007 09:24 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


KELLY:  Yippee!  Very fun little graphic.  Thanks for the cheer.

10/02/2007 09:51 PM by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance)


Son, you left esteemed out of your reference. You are my esteemed colleague to the south.

10/02/2007 10:56 PM by John MacArthur The MacArthur Group (Long and Foster Real Estate, Inc.)


Attaboy, Brian.  All we can do is conduct ourselves in a manner that commands respect.  As members of the next generation of Realtors, we hold the key to the way the public perceives our profession.  You cannot account for the knucklehead in the next cubicle, but you can be a man of integrity.  At the end of the day, you will have the admiration of family, friends, peers and clients.  And you will have done your part for the industry.  Great blog and I admire that you made the non-safe choice to turn your back on years of education for the opportunity to be your own man.

10/02/2007 11:40 PM by Paul Slaybaugh, Scottsdale AZ Real Estate (Realty Executives)


Great post on an attorney's perspective, I happen to be a licensed architect and wonder how many of my brothers are happy with what they are doing, I became a broker because, at the time, I honestly needed fast money(when you are taking a project through completion it can take years and lots of red tape); however, there is no easy money any more in the real estate profession, but Im still happy to participate and I dont plan on going anywhere.

 

kirk mulhearn, long beach, ca. 90807

10/02/2007 11:55 PM by Prudential California Realty/Bristol Home Loans