152,661
Getting the license is the easy part, making a living selling real estate takes hard work and costs money!
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Tammy Adams ~ Realtor ...
Maricopa, AZ
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Katina Hargrove 352-55...
Eustis, FL
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Carla Muss-Jacobs, RET...
Portland, OR
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Anita Clark
Warner Robins, GA
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Bob Betel
Sweetwater, TN
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Les & Sarah Oswald
Eastvale, CA
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Aaron Mtuanwi
Lawrenceville, GA
5,049,183
Actually I can only think of 1 in the last year - a client who was impressed with me...seriously!!
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Carla Muss-Jacobs, RET...
Portland, OR
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
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Lyn Sims
Schaumburg, IL
2,781,173
Met an older woman wanting this the other week. I asked her why? She said money and something to do. I laughed about the money and something to do can be daunting depending what it is when it comes in Real Estate...
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Richie Alan Naggar
Riverside, CA
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Lyn Sims
Schaumburg, IL
6,393,404
No real bad time to become an agent, but most people are not qualified to become one and should save their time and money.
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
1,844,301
I would tell them to forget it. Now being at RM, I don't have to deal with that nonsense. I do remember a lady telling me she'd be great at it because she 'loves decorating'.
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
1,466,207
Aaron Mtuanwi Most people think you show a house and get a big pay check. They need to research it carefully before coming into this business.
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
3,587,960
Yes it is a good time IF new agents are willing to really learn what is REALLY needed to create and sustain a successful business!! Sky is the limit.
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
846,475
I tell them to think hard on it and ask if they are prepared to make zero dollars for at least 3 months.
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
2,178,603
"It's America... the land of opportunity. Real estate is a great business if you're willing to take off the rose colored glasses, roll up your sleeves and do the things necessary to build a viable business".
That said, I'd tell them 87% of new agents drop out within the first 2 years for lack of enough business (income) to survive. For many, it wipes out any savings they had and they have to go get a "real" job and start over.
Being your own boss has appeal. The discipline to do the work is actually pretty rare. Go back to the 87% drop out rate. What does that tell you?
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
1,725,996
Not very often, fortunately. I am a moving target so hard to catch up to when there is a question that needs answering
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Susan Emo
Kingston, ON
864,658
It is always a good time to get a real estate license. Are they willing to put in the hours, educate themselves and risk having a regular life to make it a successful business?
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
5,772,575
Aaron,
It is always a good time to get into real estate, the real question is "Are they suited for the job? A
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Les & Sarah Oswald
Eastvale, CA
921,504
Of ten people I will meet this week one will say, "I am thinking about getting into real estate." Three will say, "I used to be in real estate." Three will say, "Do you think they'll take 70% of list price?" One will get amnesia and disappear and two will close.
What do I say?
"There is not a better industry on the planet that predictably leads to financial Independence than real estate. There are one hundred ways to make a good living in real estate. However, the system is structured to INSURE 90% of newbies will fail before their second year anniversary. Not because it is hard but because they were abandoned to learn to swim or drown. In a sea of smiley faces that promises Train'n and more train'n, for decades, the success rate has never changed. The game is to separate newbies from $12,000 of their hard earned dollars. Some figure it out. If you are serious, you need to buy my book."
IF they are a blow-hards, nothing happens. If they are serious, they will ask one of three questions.
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Teri Pacitto
Westlake Village, CA
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Bob "RealMan" Timm
Minot, ND
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Aaron Mtuanwi
Lawrenceville, GA
815,253
The school will only teach you what you need to know to pass the test. They do not teach you how to get business or the expense it takes.
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Carla Muss-Jacobs, RET...
Portland, OR
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Aaron Mtuanwi
Lawrenceville, GA
2,684,109
I tell them it's just like HGTV... we walk through 2 or 3 houses, the Buyer buys one, and then I get a big fat commission check.
JUST KIDDING! Actually, I tell them it is NOT like HGTV, the attrition rate is 80%, are they prepared to work for months with no payday?
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Carla Muss-Jacobs, RET...
Portland, OR
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Aaron Mtuanwi
Lawrenceville, GA
2,390,620
I meet people thinking about a Real Estate career every day Aaron Mtuanwi . Any time is a good time to get into Real Estate for a serious, hard working individual. I have experienced both buyers and sellers markets. I find it easy to adapt to either one. BTW regardles of the market I'm in my office at 7:00 AM Monday through Friday and I'm available weekends as needed.
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Carla Muss-Jacobs, RET...
Portland, OR
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Aaron Mtuanwi
Lawrenceville, GA
4,572,183
It's always good to have a real estate license, in my opinion, even if you don't practice -- you can hang the license with a broker and receive referral compensation.
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Aaron Mtuanwi
Lawrenceville, GA
31,120
I tell them it is a rewarding career and I invite them to our career night or offer to set up a meeting with our Office CEO so they can decide if this is something for them. I also tell them different site where they can go and study for the license.
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Aaron Mtuanwi
Lawrenceville, GA
5,868,554
Have only had this question a couple of times, but was very honest with them.
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Bob "RealMan" Timm
Minot, ND
1,562,386
In the past year, I've had a few inquiries. What I said was . . . it's been about 20 years since I became a licensee. I don't keep up with how to obtain a real estate license and wouldn't know what is required now, nor how much it costs. Is it a good time to be a real estate agent? That's a open-end question with way too many variables to answer intelligently. I'm not a guidance counselor.
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Bob "RealMan" Timm
Minot, ND
12,938
I have met four in the past six months. Two were my clients. I am believing that our professional lifestyle is proving to our clients that we have the best of life. Our relationship with people and comportment in the face of difficult situations are admirable. This is the most lesson that I am learning from this conversation.
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Aaron Mtuanwi
Lawrenceville, GA
1,502,998
I've come across it twice in the last year. I explain the process and the startup costs and how long it takes to get your first paycheck and what it looks like after fees/splits/etc. I tell them what it takes to make a living at it and let them decide if it's the right time for them.
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Aaron Mtuanwi
Lawrenceville, GA
4,882,355
Any time is a good time to get into real estate if you are willing to do what it takes to be successful.
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Bob "RealMan" Timm
Minot, ND
5,216,398
All the time. Some are meant for the business and some are not.
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Bob "RealMan" Timm
Minot, ND
989,652
I get 1 inquiry a month avg - I always tell them yes, it's a good time
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Aaron Mtuanwi
Lawrenceville, GA
4,434,127
2,182,552
7,836,134
I refer them to a good real estate school.
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Bob "RealMan" Timm
Minot, ND
4,319,419
Aaron Mtuanwi - almost every third person wants to be in Real Estate...
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Bob "RealMan" Timm
Minot, ND
1,239,901
You got $6000 a year budget to keep your license?
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Bob "RealMan" Timm
Minot, ND
4,272,548
I get asked all the time although they have a misconception about how much we make,
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Aaron Mtuanwi
Lawrenceville, GA
3,727,873
I'd say do it! It's usually a great way to make a living.
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Bob "RealMan" Timm
Minot, ND
1,617,916
I would say any market is good to get ones real estate license.
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Bob "RealMan" Timm
Minot, ND
3,988,007
It used to happen pretty often, every couple of weeks. In the last year it has happened 2-3 times. I tell them the truth about how hard they will have to work but it has great potential.
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Bob "RealMan" Timm
Minot, ND
5,005,642
I'm so with Ron and Alexandra Seigel comment! "It is always a good time to get into real estate, the real question is "Are they suited for the job!" so true!
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Bob "RealMan" Timm
Minot, ND
2,224,473
I personally don't run into too many people that want to get into the business, but membership in my local board has really grown this year. It's all new licensees, too. I guess when the market's good, everyone thinks they can make money in this business.
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Bob "RealMan" Timm
Minot, ND
3,986,258
Once in a while and i give them the full truth about geting started.
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Bob "RealMan" Timm
Minot, ND
4,800,082
I typically let them make their own decision after warning them that it's a lot of work and most people won't make any money for the first six months.
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Bob "RealMan" Timm
Minot, ND
1,712,676
With 1.3 million REALTORS® as members of NAR by the end of next year they need to be full time, serious, and have a reserve fund for losses to start.
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Bob "RealMan" Timm
Minot, ND
711,852
I am asked this often. My response is getting a license is the first step. Being an independent contractor is a responsibility that many don't do well in. A new licensee has to plan for at least 3 to 6 months without a paycheck. But the rewards can be large if the person is motivated to work hard for themselves.
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Aaron Mtuanwi
Lawrenceville, GA
1,452,819
I firmly believe there are far too many Realtors; many of whom should find another career. I tell people to run away, and run fast. This is not a business for everyone and I've found far too many struggle to the point of losing their spouse, their family and eventually their home.
I have difficulty accepting these Brokers who are recruiting anyone with a pulse! I do tell people that we wear many many hats and on a daily basis deal with people undergoing:
- Death
- Divorce
- Debt
- Downsizing
It is not all rainbows and unicorns!
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Aaron Mtuanwi
Lawrenceville, GA
280,599
Yes, all the time. The last one asked me what the company 401K match was. People do not understand.
39,867
All the time!! I also say it costs about $1k a month to do it. Then you see who is still asking questions. It is not free. I love it!!
484,748
Real Estate isn't about timing the market. Real Estate is about building a business (plan) that can survive through good times and bad. I started my current business during the worst bust since the Great Depression and we are flourishing today. See todays feature post about why agents fail.