"Do You Have Enough Money To Become a Real Estate Professional?"
-Realty Times article
I'm not sure how it happened, but I ran across this interesting article from 2002 on Realty Times. Many people get into real estate to make some extra money or as a second or third career without understanding the expense of doing so. Real Estate is like starting any business. It takes time and money to build.
Even though this article is over a decade old, and the numbers might be somewhat different, the premise of the article remains the same.
So, if you're thinking about getting your license and selling real estate, get those rose colored glasses off, get the facts and go in with your eyes wide open. It's a fascinating, challenging, world.
There is a lot of competition and 87% of new licensees fail within the first 2 years, but the industry can always use more dedicated professionals who are prepared for the task.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002
Carol good to dust off old information, this one happens to be timeless, more interesting is when the market tanks and how everyone exits stage left and the professionals stay....Endre
Oct 21, 2016 03:53 PM
Fathom Realty - Bentonville, AR
Good morning Carol. I know I had those rose colored glasses on when I started. It didn't take me long to get the message.
Oct 21, 2016 09:01 PM
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes
Good Morning Carol - it is good to tell it like it is. That 87% do not make the committment.
Oct 21, 2016 09:53 PM
Ontario, NY
Good morning Carol,
And just like politics you could tell them til you were blue and they still would not get it.
Make yourself an astonishing day.
Oct 21, 2016 10:07 PM
Las Vegas, NV
Hello Carol
Even as old as this article is today, it holds try and being in the real estate business is not for everyone!
Oct 21, 2016 10:37 PM
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Robert Vegas Bob Swetz
Las Vegas, NV
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR
We very much appreciate you sharing this information with us today. Make it happen this week.
Oct 21, 2016 10:45 PM
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
Good morning Endre Barath, Jr. ,
Yes, "timeless" was exactly what I was thinking about this article. There are a lot of rose colored glasses being sold out there! Have a great week-end!
Oct 21, 2016 11:14 PM
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
Good morning James Dray ,
I think if we were all honest, we'd admit to having some shade of those rose colored glasses when we first started. Thanks for reading! Have a wonderful week-end.
Oct 21, 2016 11:15 PM
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
Good morning Grant Schneider ,
Being your own boss sounds great but when it comes to the committment and discipline, many just don't have it do they? Have a great week-end.
Oct 21, 2016 11:16 PM
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
Good morning Robert Vegas Bob Swetz ,
Yep... this article has stood the test of time, just like you and me! LOL Have a great week-end, Bob.
Oct 21, 2016 11:19 PM
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
Good morning Harry F. D'Elia ,
This is a subject that will remain timeless. Thanks for reading. Have a great week-end.
Oct 21, 2016 11:20 PM
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
Goodo morning Raymond E. Camp ,
Unfortunately, you are probably right. You can tell them upfront and they're convinced they will beat the odds... that is, until they get in the trenches and get a big expensive dose of reality. Thanks for reading. Have a great week-end.
Oct 21, 2016 11:22 PM
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Raymond E. Camp
Ontario, NY
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
It is getting more and more costly to get into the business. There are many things a new recruit never thinks about like higher insurance liability limits and putting money aside for taxes and investing in the future with retirement funding.
Oct 22, 2016 12:11 AM
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"
Hello Carol Williams, I am always amaze at 85 to 87% that do not make it in the business. All newbies, get a good mentor and listen to their advice!
Oct 22, 2016 01:56 AM
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Retired Agent / Broker / Prop. Mgr, Wenatchee, WA
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