Is real estate a cheap profession?

Real Estate Agent with Coldwell Banker Dynasty

  Currently I am working with a few new real estate agents that are in their late 20s and recently talked to a few students that want to get into the real estate profession. As much as I love their enthusiasm of getting into the field, I am scared of them not know what they are getting themselves into.

  When the new students asked me what else they should do after they passed their exam and get their license, I told them that they are going to enter a new world where there are so many things that the textbook did not prepare them for. They would need to invest a lot of time and resources for education, practice with the contracts and forms, and marketing themselves as well as making sure they are always appropriately dressed. This would cost them thousands of dollars and more. The last advise I left them with is to make sure there is some form of income that can help them on their first few months when they start.

Comments (2)

Debbie Baldes
Calling Boise Home - Boise, ID

Did you tell them we work on a contingency basis!  What that means is, we do our best and spend our time and our money, in hopes that the lender, the appraiser, the buyer, the seller, the pest company, etc. all do their best so that we can get our pay check! =) Don't forget to mention that we love helping people, that is the best reason to become a real estate agent!

Jul 25, 2010 08:22 PM
Michele Miller ~ REALTOR®, LMC, HSE, CHS, SRES, CMRS
ERA Key Realty~Worcester County Realty Group - Worcester, MA
'Helping You Make the Best Move"


Some don't have a clue as to what they are getting themselves in to! I wonder what the percentage is for new agents to drop out after their first year in real estate?

Jul 25, 2010 10:08 PM