So You Want To Be A Realtor

                       

So You Want To Be A Realtor

Why would anyone EVER want to be a Real Estate Agent?  Some examples I've heard are:

That sounds like an easy job.

People make tons of money with little effort.

I wouldn't have to work long hours.

Everyone loves me and will fight to give me their business.

I was very successful in the corporate world, real estate would be a cake walk.

On and on and on.....

I love Real Estate. I really do.  I'm sure you would as well!  Here is the competition according to the National Association of Realtors:

65% percent of REALTORS® are licensed as sales agents, 21% hold broker licenses, and 15% hold broker associate licenses.

The typical REALTOR® is a 54 year old white female who attended college and is a homeowner.

63% of all REALTORS® are female, and the median age of all REALTORS® is 54.

Real estate experience of all REALTORS® (median): 10 years

Median tenure at present firm (all REALTORS®): 4 years

Most REALTORS® worked 40 hours per week in 2017.

The median gross income of REALTORS® was $39,800 in 2017, a decrease from $42,500 in 2016.

Formal education of REALTORS®:

1. Some college: 30%
2. Bachelor's degree: 30%
3. Graduate degree and above: 13%
4. Associate degree: 13%
5. Some graduate school: 6%
6. High school graduate: 8%

Members to date: 1,334,668 as of July 2018

Thats a lot of Realtors!  There were more Realtors in 2018 than the 2017 populations of 9 states. However, the turn over is extremely high.  Approximately 87% of agents quit the business within 5 years.  Why do they quit or fail?  Tom Ferry spells it out HERE for you.

Do your due diligence when choosing your career path.  Ask a lot of questions (I'm sure you probably know several Realtors). Research the web.  Visit some firms.

Are you still interested in Real Estate and willing to commit?  Real Estate might be a good fit.