A career in real estate is one of the best opportunities, But, it is not easy as you think. It is not about houses you love or you are good with people. There are many things that you do not know about real estate without experience. Here are the top 5 things your recruiting broker didn’t tell you about the real estate career if you are recently selected.
Low chances of success
As a real estate agent, it is very hard to spend the first 2 to 3 years successfully. Most of the agents accept these things and do not renew their licenses. As per the study, around 75% to 80% of real estate agents drop this career in the first two years. So, you are happy when you get a real estate license and think that you will earn lots of money with the real estate career then you are totally wrong. You need to pass the first two to three years as a real estate agent to see a visible profit. Aptamigo is the place to start real estate career and get succeed in it.
You have heard that real estate agents have their own schedule and they can schedule their time as per their personal timing. It is right but the main things are the real estate agents work for their clients and many other people. They have to attend meeting with clients as per the client’s timing as they pay them the mortgage. Sometimes an agent gets a call from the client when he or she just arrived at home. What can an agent do? He or she has to take a call and meet the client to show him a property. As you see, this is not an easy task. You have to work on all most all weekends and late evening.
Expectation from friends and family
Experience matters a lot in any industry. Don’t think that your family members or friends hire you for real estate deals. If you are starting a career as a real estate agent and think that you will get few leads from your friends or relatives then you are totally wrong. Noone spends their hard-earned money on an inexperienced person. You have to learn things quickly and do hard work to get your first lead that converts into profit. So think like you are alone and you have to do all the things to taste success as a real estate agent.
Before starting work as a real estate agent, you do not know how much paperwork you need to do for completing one real estate transaction. There is much legal paperwork that you have to do yourself. Buyers and sellers may not know about all the documents. But, you should have knowledge of how things work. Many real estate agents we see, that have the potentials to get new leads but their deals cancel in the middle due to less knowledge of the legal property documents.
There are many business expenses that are required when you start a career as a real estate agent. Starting your real estate business with a low budget is one of the big mistakes. First, you should find ways to get finance. When you start a career as a real estate agent you need money for business cards, office supplies, office rent, advertisements, and many more things. So consider those expenses and keep the amount with you before you start a career in real estate.
We hope this article helped you learn things that your recruiting broker didn’t tell you.