Being a real estate agent in the town of Winter Garden FL can be a challenging career. When the market goes up then more people get their real estate licenses making it somewhat more challenging for buyers and sellers to find experienced real estate professionals with actual real estate skills to assist them.
Most real estate agents will not do very much business. That is just the hard fact. Their are many sides to this industry and there are already a lot of professional intelligent people in it that have developed their niche.
Sooner or later a real estate agent needs to get clients to sell houses. Being a full time real estate agent means you will run out of friends, family and neighbors which will limit your real estate transactions and income potential.
A real estate agent's income is determined by the more than the number of clients they have. You have to get buyers and sellers of real estate to and through a successful closing. It will take you several real estate transactions each year just to survive and cover your living expenses.
Soon you will realize there are many other real estate agents in your community all vying for clients. If you have a sale of $500,000 you will make $10,000 to $15,000 for your brokerage (on average). Then the real estate salesperson will get the remainder after everyone else gets their cut and you pay your expenses. You will need to get very busy, you need to continue to sell houses.
Consider how large your community is, the number of real estate transactions you will need, how large your family is and then read on.
Being a successful real estate agent takes clients and experience. That means you will need to generate leads or have them given to you. Many new agents think this will be easy. The new agents may think the brokerage will give them business. However, the real estate brokers are in business to do two things. To make the brokerage money and protect it's reputation.
The Brokerage's Reputation is protected by the quality of service that it provides. A great real estate agent will provide better service. A newer agent has not been through enough difficult transactions, dealt with very many difficult people or closed enough deals to be the best person to receive the leads the brokerage receives.
The Brokers are there to make the real estate companies money. The more experienced and top agents close the highest percentage of deals and make the most money for the brokerage. The more experienced advise their team and handle broker type responsibilities which makes the broker of record less work. It is a better business practice not to give valuable leads to a new real estate agent.
Often a Team Leader will take on new agents. The new agent will exhaust their personnel clients and then starve on the vine. A new real estate agent will need to learn to develop and find their own business (generate leads) and they need to do this quickly.
The real estate industry is filled with lead sources that promise to make your life easier. For a fee they promise you leads. Zillow is an example most agents are aware of but there are countless sources out their that make promises to those they wish to charge for generating leads for real estate agents.
Unfortunately they charge the most the market will allow and most agents simply cannot convert enough of these leads to prosper. Making money in any real estate market will eventually get tough. Many real estate agents simply just wont make it in a the real estate business.
It is possible to have a successful career. Many agents do and they go on to sell homes for years to come. Once you get a system and experience working for you you can continue to sell properties and may some day go on to commercial properties as well as continue to sell residential properties and maybe even be a property manager.
A full time agent with a stable income will not be able to set their own hours. Phone calls and email are your reputation and lifeblood. Someone, must respond either your assistant or you. Prospective buyers will not wait, most will call someone else quickly. If you are a property manager it is even worse for many real estate agents.
I am not the person who will over glamorize this business or say that it is a dream career. It is hard at times because most people you deal with will be hard to deal with at some point. However, as a majority you get to be your own boss. You have flexibility with your own schedule and only you will determine your level of success.
Greetings real estate entrepreneurs. Have no fear of real estate school you do not need a college degree but only about 50% of people fail the first time they take the licensing exam. That being said after passing the real estate school take an exam prep course. Most likely you will then pass, but it will take effort.
After the licensing exam has been passed and you have survived the licensing process you will need to find a managing broker to start your new career. There will be some professional development and some big decisions to make. Here are some suggestions for you from an experiences Brokers Associate with over 10 years experience.
Join A Successful Team in a large office or a small office with a broker who can guide you through your professional development. To be honest, most brokers will not waste their time because so many new agents fail. Listen, learn, watch those who are successful and don't be a know it all because trust me you are not. None of us are, we are all a work in progress.
You need leads and as a new agent 99% of the time that means you will represent clients looking to buy and you will be their buyer's agent. Work hard for them, stay in tough with them and remember this. No one cares how much you know till they know how much you care. Ask them questions and be an active listener.
Potential and interested Buyers are really talking to multiple real estate agents and may even be looking in many different areas and just not telling you.
If you are searching for a Realtor in this area then reach out to us. We are the best source in this city for finding capable professionals who actually want to serve you well and have the skillset to do so. We all have atleast 10 years experience because we know that real estate is a difficult career for new real estate agents.
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407-575-5392
Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787
