679,404
There are a number of things that come to mind:
1. Sitting around the office waiting for a call
2. Lack of capital to get you through those first few months or even years
3. Not finding a suitable Mentor
4. Not being Self-motivated, this is minimally a 9-5 job ... not part time (not if you want to succeed)
5. Follow up - consistently and promptly (the hungriest bird gets the worm)
6. Working hard, Being Honest, and Doing what you say you are going to do
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John McCormack, CRS
Albuquerque, NM
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Greg Cremia
Nags Head, NC
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Women of Westchester W...
West Harrison, NY
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Allie Angeloni
Oro Valley, AZ
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Joan Dickie
La Crosse, WI
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Sharon Altier
Elmhurst, IL
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Les & Sarah Oswald
Eastvale, CA
225,526
I don't think there is just one mistake, but several. Not having a plan, no mentor to show them the ropes, not working hard enough, not having enough assets to live on, not being a "go-getter", and of course, not joining AR. Many could learn from that alone. The job is not easy as people think, so you must put in the effort.
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Peter Mohylsky, Beach ...
Miramar Beach, FL
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Women of Westchester W...
West Harrison, NY
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Allie Angeloni
Oro Valley, AZ
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Les & Sarah Oswald
Eastvale, CA
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Greg Cremia
Nags Head, NC
4,800,132
Not understanding the work needed to succeed as well as the time it will take for some income to start occurring.
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Richard Weeks
Dallas, TX
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Curtis Evans
Golden Meadow, LA
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Allie Angeloni
Oro Valley, AZ
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Les & Sarah Oswald
Eastvale, CA
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Greg Cremia
Nags Head, NC
556,536
Thinking that real estate is easy money.
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Curtis Evans
Golden Meadow, LA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Amelia Robinette
Falls Church, VA
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Allie Angeloni
Oro Valley, AZ
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Diana Dahlberg
Pleasant Prairie, WI
2,456,875
Not having enough money saved first to get them through the first few financially difficult years.
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Curtis Evans
Golden Meadow, LA
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Women of Westchester W...
West Harrison, NY
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Allie Angeloni
Oro Valley, AZ
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Greg Cremia
Nags Head, NC
921,504
"....in them leaving the industry."
They failed to understand that a real estate agent is a small business owner. That failure led them to open a business without knowing what their business was.
If you do not have a business plan defining your real estate business, you will be counted among the 90% of newbies who do not see their 2nd year anniversary. As a result you will leave a pool of money behind and take a pile of debt forward.
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Carol Wilson
Toronto, ON
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Greg Cremia
Nags Head, NC
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Steven Ting
South Jordan, UT
2,071,606
ooooh... only one?
How about
* thinking that this is a job that doesn't require any skill?
* thinking that business will come to them?
* not connecting with their sphere of influence?
* not setting aside enough money to survive the 1st year with zero sales.
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Amelia Robinette
Falls Church, VA
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Greg Cremia
Nags Head, NC
2,221,377
They think that once you get the real estate license, the phone will start ringing non stop.
You have to market your self and tell people in your area that you are in business and ready to help with their real estate needs.
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Greg Cremia
Nags Head, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
140,768
Not showing up every day and being consistent. Chasing the next shiny thing is a killer sometimes.
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Amelia Robinette
Falls Church, VA
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Greg Cremia
Nags Head, NC
4,272,934
I believe it is not having money put away to start with not knowing how expensive real estate can be ...
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Greg Cremia
Nags Head, NC
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Allie Angeloni
Oro Valley, AZ
1,466,257
Steven Ting Under capitalization.
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Richard Weeks
Dallas, TX
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Greg Cremia
Nags Head, NC
2,188,399
Not understanding the importance of and knowing how to prospect consistently, efficiently, and efficiently.
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Les & Sarah Oswald
Eastvale, CA
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Greg Cremia
Nags Head, NC
2,192,420
Starting with the WRONG Broker/Office !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Michael J. Perry
Lancaster, PA
2,375,711
3,988,013
They don't work hard enough or smart enough and they are terrible underfunded.
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Richard Weeks
Dallas, TX
2,443,250
They don't post their photograph and no one takes them serious.
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Amelia Robinette
Falls Church, VA
902,038
Thinking that it's going to be easy.
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Amelia Robinette
Falls Church, VA
290,969
My first thought is that they do not realize there will not be that paycheck in that new career field, until possibly months down the road, while in the meantime they are hopefully laying that groundwork to make contacts and get clients, which has to be worked at on a daily basis. My second thought is that they do not realize that you can work 7 days a week.
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Greg Cremia
Nags Head, NC
292,685
Not having enough in savings to sustain the ups and downs between commissions as some others have also indicated. It is hard to budget money in this business and sometime all the fees get overwhelming.
Thank god gas is cheap now.
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Greg Cremia
Nags Head, NC
1,712,776
2,784,736
They have no awareness of feast or famine something this business runs on
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Greg Cremia
Nags Head, NC
94,155
Mostly going into business under capitalized.
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Greg Cremia
Nags Head, NC
2,071,025
1,598,452
6,419,449
35,544
766,179
5,877,915
Buying every new fangled tool possible, not having enough money in the bank to support the mandatory costs and not putting in the time it will take to make it.
7,864,182
Most are financial failures. You have to do what is necessary to generate income.
913,568
Not managing their money, not starting with enough working capital, not making a basic business plan, thinking people are just going to find them.
1,728,256
They get 'sucked' into all sorts of programs offered by industry parasites.
3,071,489
Lack of understanding that the real estate licensing process does not teach you how to make money in real estate...
4,582,434
4,901,858
1,664,236
2,538,633
Good morning Steven. Not having a mentor or coach and not focused on networking and blogging.
1,206,636
Good business planning is a great start. Salery expectations go hand in hand with marketing budgets.
1,506,163
Not putting their profile pic in AR! Seriously, it shows a lack of commitment to quality.
4,177,529
658,040
564,720
They don't have a business plan...or they don't have a realistic one.
Also, often related, they don't have a enough liquid capital to get them through the start up phase.
864,708