Why Real Estate Agents Fail in Their First Year

By
Real Estate Broker/Owner with Bayou Properties
https://activerain.com/droplet/55sQ

Why Real Estate Agents Fail in Their First Year

Homes For Sale in Alexandria La

As the owner for a real estate brokerage in Alexandria, La, I get contacts every week from individuals who seek to get their real estate license. Rarely do these talks end with people signing up for the course. Why? Because at Realty Executives Bayou Properties we tell folks the truth.

A career in real estate is tougher than people think. Here is what I have observed newbies struggle with...

1) Unrealistic job preview-- People watch HGTV and think wow, I could do that. Unlock a couple of doors, write one contract, then collect a 10k check. Life if grand! New licenses are shocked to discover real estate is a SALES game, not a tour guide.

2) A lack of initial training-- The license course covers the contracts, the broker teaches the mechanics, but where do clients come from? Does the broker give them to me? Some newbies are even forced to COMPETE with their broker. Good luck with that.

3) Spending before earning-- The easiest group to sell to is newbie real estate agents. Calendar magnets, fancy pens, online buyer leads, etc... I've witness agents spend hundreds of dollars before closing one deal. Debt is a quick way out of this business.

4) A Part time Mindset--Most agents, myself included, started out part time. The key is having coverage when you are not available, along with a plan to go full time. Telling clients you are available after 5pm and some Saturdays only is a quick way to go broke.

5) Income roller coaster-- This happens when an agent finds a buyer or seller, then focuses his/her attention on helping that client. Guess what happens when that deal closes? Hep, back to zero. Hence the roll coaster effect.

The path to real estate success is bumpy and rarely linear. Agents that make it prospect for new business on a regular basis, and constantly seek to improve their craft. Interested in a career in real estate? Call Doug Rogers (318) 613-1994 today!

Realty Executives Bayou Properties

 

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Searching for a Top real estate agent in Alexandria Louisiana? Need help selling your Pineville, Louisiana home? Either way call Doug today!

Doug Rogers

Broker/Owner

Bayou Properties Realty LLC

 

Bayou Properties Realty LLC

301 Jackson Street, Suite 201

Alexandria La 71301

(318) 613-1994

 Equal opportunity housing. Doug Rogers is a licensed real estate broker in Louisiana

 

 

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Tony and Suzanne Marriott, Associate Brokers 06/29/2017 06:17 AM
  2. Ginger Harper 06/30/2017 12:19 PM
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Rainmaker
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Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

Unrealistic expections can dampen the spirit of a new agent.  If they have the personality, skills and the fortitude to keep on and be consistant, they can succeed.

Jun 30, 2017 12:18 PM #61
Rainer
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Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
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Regardless of the business, a person must have the ability to perform their tasks. They must train to improve their skills and create a game plan for success. The most important element in anyone's success is having a mentor, trainer, coach to inspire, train, and motivate you to achieve your goals and objectives. Great post.

Jul 01, 2017 01:33 AM #62
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Joe Pryor
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You might want to do a follow up about the number of agents that continue to fail and don't realize they are financially bankrupt.

Jul 01, 2017 01:42 PM #63
Rainmaker
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Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
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So very true. Agents who are new to the business have no idea what all is entailed in earning and keeping clients' business.  

Jul 04, 2017 12:38 PM #64
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Very Superb Article is shared here to understand about the cause of Failure of Real Estate Agents. 

 

I am planning in advance for new month to have a good agent for my business.

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