Why Don’t More People Become Real Estate Agents?
One of the top reasons why more people don’t become real estate agents is that they are afraid of rejection. It’s true that rejection can feel personal, but it’s only rejection of a notion, not of you. So separating yourself from that notion will help you survive the first year. Fear of failure is a self-fulfilling prophecy. In reality, failure is merely inaction. A positive attitude goes a long way.
As a real estate agent, you’re mostly self-employed, and you set your own hours. Unlike typical freelancers, real estate agents work under the supervision of a brokerage. However, if you’d like to be a self-employed real estate agent, you’ll need to spend a minimum amount of time working as an agent. In addition, real estate agents are required to put in a minimum amount of time as brokers before they can become independent agents.
As a real estate agent, you must spend two to three months training and undergo post-licensing education. During this time, you’ll also have to complete your first renewal education. After that, you’ll need to undergo continuing education every two to four years. In many cases, real estate agents hate learning. Despite the low barrier to entry, most agents have full-time jobs and don’t have the time for education. In addition, some schools require you to drive to class, and you’ll miss important life events.
The housing market is undergoing a boom phase. That means that the number of real estate agents in the United States increases steadily. In fact, the number of real estate agents in the U.S. reached a record high in 2005 and 2006, and after the market crash, the ranks dwindled by 10%. A new agent may consider this a good time to join the industry. However, a booming market doesn’t necessarily mean that there are too many available properties.
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