My First Year in Real Estate

Real Estate Broker/Owner with Gulf Place @ 30A

It seems so long ago but parts of that first year stand out like it was just yesterday.  It was an interesting time, I had plenty of life experiences but had never been in business for myself.  I was always an employee and never had "skin in the game" like being an independent real estate agent.  I did not get my license as a lark, trying to get some of the free money that some agents think is there for the taking.  I was always intending to learn about the industry, build a business and be successful in that business.  

"The path to success is definitely a long one but it is a rewarding journey"

The first year needs to be about education and knowledge.  You really don't know much about the actual business until you gain some experience about that business.  You can probably idle along but I would definitely find an experienced agent who knows the business and shadow their activities.  You need to spend the evening hours reading everything you can get your hands on in addition to spend 40 plus hours in the day.  The numbers speak for them selves, the majority of agents do not last past that first year.  Dung this first year you need to ask yourself if you really want to be successful, measured by what ever goal you need to set.  

Failure was never an option during my first year.  I wanted to be successful starting y business.  Imagine the route if you were starting a retail business, a restaurant or any other small business that you were the sold proprietor.  Your hours at work need to be the same.  

"Knowledge, skills, and  activities do not guarantee success but it is a start. "

There are numerous things I have learned along my path.   The three things that stand out and lead me today is that each days starts a new challenge.  I really need to work on my business each and every day.  I need to learn something new each and every day else I will be passed along the route that I have chosen.  Finally, no blog is complete without a quote from the Godfather.  

"This is the business we have chosen..."

Expect the best but prepare for the worst.  

Posted by




 Peter A. Mohylsky

Broker Associate

PrimeSouth Properties


My Market Area





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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Nice to hear about your first year in real estate...thanks for sharing

Jan 30, 2018 07:27 AM #1
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I can relate, Peter. That first year in the business 25 years ago had to have been the most difficult one of my life.

Jan 30, 2018 09:50 AM #2
Emily Medvec Qualifying Broker
Hello Realty - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Your story is beyond true and needs to be a rule for new agents without business experience. Sadly, real estate training for a license typically does not include business skills. How do you like coaching?

Feb 01, 2018 04:16 AM #3
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Peter Mohylsky, SoWal Is HOME.

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