Is Your Real Estate Agent a Hobbyist or a Professional
Is your real estate agent a hobbyist or a professional? The reason I’m asking; are you aware, 70% of real estate agents who get their real estate license this year, (or any year), will be out of the business within seven months and 87% of real estate agents fail after five years? You could probably say that about any new business and being a real estate agent is being an independent contractor, small business. Real estate is one of the few businesses you can start with limited capital, and that is where the problem begins. Most new agents fail to follow these few small details which will lead to their business failure. · Lack of Planning - Achieving a real estate license is the easy part of the business and finding a brokerage who will allow an agent to hang their license is even easier. Most new agents enter the business without a business or a financial plan and have unreal expectations of the industry. · Lack of Capital – Many new agents use credit to beg
