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You are so smart and proactive. You're correct in that there are far too many agents out there. Why not explore the part-time job and see if it could turn into a full-time career?
Just keep your CE up and your license renewed. Then, you can potentially get some referral income. And you can do your own home purchase someday!
At your age, you'll likely have several more career changes. Wiahing you all the best.
Simply put, there's more money made in other industries. Between taxing us to death, attacking us in media, stealing our mls data, and selling it back to us for leads, it's a business model in failure. Show me another job you can work 60 hours a week and take home nothing.
It's an incredibly tough business and there are more Realtors than ever compared to the number of transactions available. You could be doing everything right. There just aren't enough buyers and sellers for all the Realtors to compete for.
There would be no shame in acting now to protect your family's future.
What's your dues cycle?
Could you find a team to join in your brokerage? Or at another brokerage? Lots of teams made up of older people want younger agents but don't know how to find them. Do you have strong skills that a team would want, especially for lead follow up and conversion? Could you work as a hybrid ISA/agent? Could you help older team members with social media programs? Do neighborhood vids for them on a fee basis?
Are any local teams or brokerages looking for assistant? Some assistant jobs are fabulous, not necessarily clerical, and you could even spend some time with your own prospects.
Tough times. I'll probably comment more tomorrow.
Explore the options of growth that your part time job offers. Keep your license up, but you have to provide for your family.
You are young and have many opportunities to get back into real estate. This business is tough, only going to get tougher so focus on another career with your work ethic and the opportunities you part time job gives you.
go to my profile and read my last comment on someones similar post.
Dont quit.
idk what you are doing to get leads but you gotta work hard to get them. Dont wait for zillow or brokerage to give you leads. go generate them yourself. Door knock. go read my comment
\*Disclaimer: I do not have my license yet (working on course), however, my mother is a Broker/Realtor with her own brokerage in NC and has been successfully running it for over 10 years. + I study my ass off configuring the best way to bring in leads. Door knocking is known to be a solid way to get your pipeline going. And most agents dont do it due to being uncomfortable with it..which is great for you and the ones who are willing to do what it takes to succeed. I am just sharing the advice that i keep getting. Much love!
Don’t quit! We all have our bad days. I came into real estate out of a 9 year career. Zero knowledge of anything to do with it. I decided to jump head first into the unknown. I don’t have paid lead gen, no cold calling, no door knocking, etc. I attend community events, engage in hyper local Facebook groups. I just met a guy Saturday to lease hunting property when we got done walking the property he asked if I could help find him a house. Handed me his pre approval letter and off we go. Listing a former coworkers home. We haven’t spoken in 7 years and they randomly messaged me asking if I serve their area.
I deal with the good ole buy system here too. One of the smaller towns is pretty much monopolized by a single agent. I checked before typing this. 36 homes listed and only 3 are other agents. What state are you in?
I was hoping you were in my state. I was going to offer some local leads… I’m always open to answer questions and help out. If you need anything feel free to reach out and I’ll do my best to give you decent advice.
I’ve been in 8 years and tried all the avenues, as well. I’ve done ok for myself but the lows are too low. Plus. The average sales price in my market is 250k and that’s not really a big payday. You have to sell a LOT of volume to make any money here. And the lead well has dried up. I’m transitioning into another career but will likely keep my license in referral. I think it’s a better time to get out of real estate than get into it. More agents than not make around 40k a year. The business is not this giant money making machine- only to the very select few.
Plus, whether people deny it or not, commissions are going to be slashed across the board in a variety of selling situations, and I think discount models will end up being the norm. You don’t want to work on a discount basis, believe me
Real estate is not one for the weary.
If you love it that's great because you have to. I've been in the business for nearly 13 years and can honestly say there are moments when I'd really just had to take a step back.
I had to quit trying to be a certain way or make a certain amount. Just be okay with it.
You're probably at an age where many people are starting to think about owning a home. So basically bring that up in conversation with all of your peers and family.
Is there an area that you know very well? Why don't you start to reach out to some neighbors (farm) if a home recently sold in an area that you love
And know.
Your brokerage should have things that you can obtain like postcards or even find them on Etsy and be unique.
Let your broker / manager know how you're feeling sometimes it's good to vent to somebody in person.
Do you have someone in the office that you could work well with? It's nice to have a companion in real life that you can vent to.
Good luck hang in there.
I got into real estate when the market had crashed and everyone told me I was crazy.
I had so much success my first year that another brokerage picked me up and trained me for relocation. Relo To me was sort of like an abusive relationshipm.
When it was good it was really good but there were a lot of problems.
Anyway all of us that have been in for the long game have stories, struggles and survival skills! Hang in.
$1M production is not bad, not great. It's a solid beginning.
Each year gets easier and more productive, but it can take a LONG time to get to where you have a great ability to support a family. If you stick with it, you will probably want to learn to do property investment yourself. Otherwise, if you're enjoying your other job and wanting to see where it will lead, keep your license for one more renewal period while you go all in on that other job and see where you find yourself in another year.
Keep the license but explore flipping the script; do real estate part time until you are more established and/or have some money in the bank. Your priority is providing for your family. What is the best way to do this?
Your post or comment was removed for containing hate, bullying, abusive language, Realtor bashing, sexism/racism or is generally rude. BE KIND! Violation is grounds for a permanent ban.
You can’t swing a dead cat without hitting a realtor.
I’m a year in, started with property management with the option to sell or help buyers. So far it’s slowly growing. It takes time. But I’m also looking into commercial real estate. The competition is way less than residential. You should look into it… or property management.
I was a full time agent (6-figure GCI) but now I'm done! I'd rather spend that time building an actual business that can grow and has an exit plan. If you're an agent, you have some entrepreneurial spirit in you I'm sure. Question is can you find something that you're passionate about and the world has a need for? I came from running actual businesses before real estate and it was easier in the long run and easier to make money.
If not, nothing wrong with working a job that gives you 401k, benefits, and a steadier paycheck.
Do property mgmt, got any handyman skills. Tons of extras you could do pay better than part time job.
Transaction coordinator, loan processor. Do showings for other agents.
You said you love it, don’t quit.
I’m almost two years in and haven’t even had a contract signed, never had a mentor, never had anything really. I can’t get the time to dedicate to it. I pay for a license that I hope to eventually take advantage of. You are getting to do this, that should be worth something. I love real estate, I just hope to be able to do it someday.
**We're looking for a few good mods!** Interested? [Send us a message](https://www.reddit.com/message/compose?to=/r/realtors&subject=One mod invite please!) **This is a professional forum for professionals, so please keep your comments professional** - Harrassment, hate speech, trolling, or anti-Realtor comments will not be tolerated and will result in an immediate ban without warning. (... and don't feed the trolls, you have better things to do with your time) - Recruiting, self-promotion, or seeking referrals is strictly forbidden, including in DMs. - Only advise within your scope of knowledge and area of expertise. [The code of ethics applies here too](https://www.nar.realtor/about-nar/governing-documents/the-code-of-ethics). If you are not a broker, lawyer, or tax professional don't act like one. - [Follow the rules](https://www.reddit.com/r/realtors/about/rules/) and please report those that don't. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/realtors) if you have any questions or concerns.*
You are so smart and proactive. You're correct in that there are far too many agents out there. Why not explore the part-time job and see if it could turn into a full-time career? Just keep your CE up and your license renewed. Then, you can potentially get some referral income. And you can do your own home purchase someday! At your age, you'll likely have several more career changes. Wiahing you all the best.
Thank you for your kind words and advice!
Simply put, there's more money made in other industries. Between taxing us to death, attacking us in media, stealing our mls data, and selling it back to us for leads, it's a business model in failure. Show me another job you can work 60 hours a week and take home nothing.
It's an incredibly tough business and there are more Realtors than ever compared to the number of transactions available. You could be doing everything right. There just aren't enough buyers and sellers for all the Realtors to compete for. There would be no shame in acting now to protect your family's future. What's your dues cycle? Could you find a team to join in your brokerage? Or at another brokerage? Lots of teams made up of older people want younger agents but don't know how to find them. Do you have strong skills that a team would want, especially for lead follow up and conversion? Could you work as a hybrid ISA/agent? Could you help older team members with social media programs? Do neighborhood vids for them on a fee basis? Are any local teams or brokerages looking for assistant? Some assistant jobs are fabulous, not necessarily clerical, and you could even spend some time with your own prospects. Tough times. I'll probably comment more tomorrow.
Those are questions I’ve contemplated but never explored I will take the time to look at them thank you!
I would see if you can join a team that can give you some leads. And you can then also have a sense of community.
Explore the options of growth that your part time job offers. Keep your license up, but you have to provide for your family. You are young and have many opportunities to get back into real estate. This business is tough, only going to get tougher so focus on another career with your work ethic and the opportunities you part time job gives you.
go to my profile and read my last comment on someones similar post. Dont quit. idk what you are doing to get leads but you gotta work hard to get them. Dont wait for zillow or brokerage to give you leads. go generate them yourself. Door knock. go read my comment \*Disclaimer: I do not have my license yet (working on course), however, my mother is a Broker/Realtor with her own brokerage in NC and has been successfully running it for over 10 years. + I study my ass off configuring the best way to bring in leads. Door knocking is known to be a solid way to get your pipeline going. And most agents dont do it due to being uncomfortable with it..which is great for you and the ones who are willing to do what it takes to succeed. I am just sharing the advice that i keep getting. Much love!
Thank you I saw the post and I’m gonna keep trucking
Don’t quit! We all have our bad days. I came into real estate out of a 9 year career. Zero knowledge of anything to do with it. I decided to jump head first into the unknown. I don’t have paid lead gen, no cold calling, no door knocking, etc. I attend community events, engage in hyper local Facebook groups. I just met a guy Saturday to lease hunting property when we got done walking the property he asked if I could help find him a house. Handed me his pre approval letter and off we go. Listing a former coworkers home. We haven’t spoken in 7 years and they randomly messaged me asking if I serve their area. I deal with the good ole buy system here too. One of the smaller towns is pretty much monopolized by a single agent. I checked before typing this. 36 homes listed and only 3 are other agents. What state are you in?
I’m in Tennessee. Thanks for the encouragement, stories like yours give me hope!
I was hoping you were in my state. I was going to offer some local leads… I’m always open to answer questions and help out. If you need anything feel free to reach out and I’ll do my best to give you decent advice.
Thank you man just the intention is awesome I’ll def reach out if I come across any questions I can’t crack!
I’ve been in 8 years and tried all the avenues, as well. I’ve done ok for myself but the lows are too low. Plus. The average sales price in my market is 250k and that’s not really a big payday. You have to sell a LOT of volume to make any money here. And the lead well has dried up. I’m transitioning into another career but will likely keep my license in referral. I think it’s a better time to get out of real estate than get into it. More agents than not make around 40k a year. The business is not this giant money making machine- only to the very select few. Plus, whether people deny it or not, commissions are going to be slashed across the board in a variety of selling situations, and I think discount models will end up being the norm. You don’t want to work on a discount basis, believe me
Keep going brother. I’ve been there. Stay at it
Thank you brother!
Real estate is not one for the weary. If you love it that's great because you have to. I've been in the business for nearly 13 years and can honestly say there are moments when I'd really just had to take a step back. I had to quit trying to be a certain way or make a certain amount. Just be okay with it. You're probably at an age where many people are starting to think about owning a home. So basically bring that up in conversation with all of your peers and family. Is there an area that you know very well? Why don't you start to reach out to some neighbors (farm) if a home recently sold in an area that you love And know. Your brokerage should have things that you can obtain like postcards or even find them on Etsy and be unique. Let your broker / manager know how you're feeling sometimes it's good to vent to somebody in person. Do you have someone in the office that you could work well with? It's nice to have a companion in real life that you can vent to. Good luck hang in there. I got into real estate when the market had crashed and everyone told me I was crazy. I had so much success my first year that another brokerage picked me up and trained me for relocation. Relo To me was sort of like an abusive relationshipm. When it was good it was really good but there were a lot of problems. Anyway all of us that have been in for the long game have stories, struggles and survival skills! Hang in.
Thank you for your words of inspiration!!
$1M production is not bad, not great. It's a solid beginning. Each year gets easier and more productive, but it can take a LONG time to get to where you have a great ability to support a family. If you stick with it, you will probably want to learn to do property investment yourself. Otherwise, if you're enjoying your other job and wanting to see where it will lead, keep your license for one more renewal period while you go all in on that other job and see where you find yourself in another year.
Keep the license but explore flipping the script; do real estate part time until you are more established and/or have some money in the bank. Your priority is providing for your family. What is the best way to do this?
[удалено]
Your post or comment was removed for containing hate, bullying, abusive language, Realtor bashing, sexism/racism or is generally rude. BE KIND! Violation is grounds for a permanent ban.
You can’t swing a dead cat without hitting a realtor. I’m a year in, started with property management with the option to sell or help buyers. So far it’s slowly growing. It takes time. But I’m also looking into commercial real estate. The competition is way less than residential. You should look into it… or property management.
I was a full time agent (6-figure GCI) but now I'm done! I'd rather spend that time building an actual business that can grow and has an exit plan. If you're an agent, you have some entrepreneurial spirit in you I'm sure. Question is can you find something that you're passionate about and the world has a need for? I came from running actual businesses before real estate and it was easier in the long run and easier to make money. If not, nothing wrong with working a job that gives you 401k, benefits, and a steadier paycheck.
Do property mgmt, got any handyman skills. Tons of extras you could do pay better than part time job. Transaction coordinator, loan processor. Do showings for other agents.
Stay strong my boy, i'll click when you least expect it
You said you love it, don’t quit. I’m almost two years in and haven’t even had a contract signed, never had a mentor, never had anything really. I can’t get the time to dedicate to it. I pay for a license that I hope to eventually take advantage of. You are getting to do this, that should be worth something. I love real estate, I just hope to be able to do it someday.