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Do People Get into Real Estate Because They Can't Hold Real Jobs?

By
Real Estate Agent with Independent Brokers Realty

Hold on, now.  I can see the hair standing up on your back.  "Them's fightin words," you say.  But this is a question worth considering.  After all, we just read a post in this site called "I Hate REALTORS."  The author even created real estate marketing out of that tagline.  (I hope the NAR doesn't go berserk because she misused the the holy "R" word and violated their proprietary rights. Don't worry.  I won't tell on her if you won't.)

Obviously, she tapped into a public nerve when she discovered this clever market idea. REALTORS get no Rodney Dangerfield respect.  In our fair state (Minnesota) there are more real estate agents than there are buyers. Our Association doesn't seem to care either.  They don't seem to do much to curb the influx of them. It's easy to sit through class, take an easy test, and pay the board some money.  This glut of agents does not do anything to add to either the value or the public perception of REALTORS.

It is no secret that anyone can become a Minnesota REALTOR, unless you are a convicted felon or brain dead.  The good news, though, is that real estate sales is like any other sales business; 10% of them do 90% of the business.  What that means is that the real estate agents out there who are making the sales are the best of the group, especially in this market.  If you do a little investigating, you will find that many of them bring incredible skills from other professions.  Just take a few of our agents at IBR, for example.  Tom Hakala served as a Lakeville Police Officer for 20 years before becoming an agent.  He honed excellent bargaining skills as a trained SWAT Team negotiator.  He picked up analytical skills during his stint as a crime scene analysist.  He picked up PR skills as a Community Liaison Officer.  Loretta Holscher developed analytical and managerial skills as a engineer and project manager for US West, with an international assignment in Kuala Lumpur Malaysia.  Jud Lauzon was a top level manager before he joined our company.  Imran Khan a distinguished college career that groomed him for the demaning Health Care Administration field.  He chose real estate because he wanted to work directly with clients and did not want to sit in a board room all day.  He found real estate to offer more possibilities in terms of creativity and investment potential.

Maybe just about everyone is a REALTOR.  But the ones that are out there selling homes right now probably have some smarts going for them.

Derek Bauer's, www.DoorToDreams.com Door to Dreams Home Selling Team
Real Estate One - South Lyon, MI
Very well said!  I was going to incorporate this same theory into a post I made earlier about it being WAY too easy to get a Real Estate license...
Feb 07, 2008 01:16 PM
Lindsay Pendleton
Relocating To Baton Rouge & Surrounding Areas - Baton Rouge, LA
Marketing Agent - Property Management in Baton Rou

Yes! I always get so nervous that there are a million agents here and only 2 buyers and 1 seller. I just have to keep reminding myself that a good percentage of them aren't really even working. A big, fat chunk of them won't make it. Most of them are here to make the quick cash, when I am in it for the long haul.

Feb 07, 2008 01:25 PM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Kermit, there are a lot of industry transferable skills of many that work as Realtors, like Management, Sales, Customer Service, and Education. Some of the best and brightest are in this field.
Feb 07, 2008 01:27 PM
Anonymous
Imran Khan

Kermit, just tonight I met with a client that was misled by their previous Realtor just to make the sale. This individual was probably part of the 90% that does not make it due to their lack of professionalism and common decency. In every profession there are individuals that are out for themselves at the expense of others. I don't know what we can do to address this issue besides doing our job at the highest level.   

Feb 07, 2008 02:02 PM
#4
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
The markets that I work in most of the time have few new agents. It may be the fact that I do not see that many.  Maybe we should not count agents as real agents unit after 20 sales.  Part timers are uncommon in my my market. Its expensive to be an agent.  When I got into real estate my age was a negative and I had too much experience to be hired at many places. Now 400  sales  later I am blogging and still learning.
Feb 07, 2008 02:07 PM
Pat Emmett
Prudential Palms Realty - Sarasota, FL

Well, the well-known joke in Florida is first you get your drivers license and then you get your real estate license.   The truth is that only the top 10% of us are making a living at it.

It's a self-cleaning, expensive career.  The numbers don't bother me because only the strong survive. 

It's actually a great American oportunity exercise.   Everyone is equal, you are as good as how hard you work and how good your service proves to be.  (excuse the fractured English)

Feb 07, 2008 02:18 PM