Is now a good time to become a realtor?

By
Mortgage and Lending with hml investments 01436503

 

If you are an individual who is looking to get into the Real Estate business, you have probably asked yourself a hundred times, if NOW is a good time to become a licensed Realtor.   You initial answer is probably NO, but if you asked any licensed broker, they would probably tell you different. 

If you asked any Seasoned Broker, they would tell you that now is in fact the perfect time to become an agent.  How is this possible you ask?  Upon asking many seasoned brokers if now would be a good time to become a Realtor, the majority of them said that if you can survive and make money in this market, when the market takes a turn for the better, you will reap the benefits of all the hard work you put in during the not so easy market.   Keep in mind, if you are considering getting into the market now, you will have to work much harder than you would, since each property can have up to 20 plus offers on it at a given time. 

Many of the agents, who have been in the Market since it was at its peak, will probably tell you to reconsider Real Estate and not get involved at this time.  This market has taken a toll on these agents, causing a lot of them to give up, finding new careers or lucrative ways of making money.   Back in the 1990’s, it seemed like properties sold themselves, and agents just got buyers in the door, people would come to them.  Now days, the agent has to seek out the client, put in actual work, so to speak.  Most of them are not used to this, and just don’t put in the effort they should. 

Being an agent takes a certain type of person.  You have to keep a positive attitude no matter what kind of market it is.  I think that becoming a Realtor in this Market; can work for a new agent.   Being educated in the on the market conditions, will help you to become a successful agent, if not now than when the Market picks up again.  Hard work in this business really pays off, no matter how rocky the real estate market may be.  Just like in a good market, you only get what you put into it.  So if you are considering becoming an agent, simply because you think it’s a lot of money, for little work now is not a good market for you.  You have to be willing to put in the hard work in order for it to payoff they way you expect.  Even in a good market, the harder you work, the more successful you will be.

The “Market” should never determine how successful you will be in any given market.  Don’t let the media and all these news reports on the Market scare you.   Take all the necessary training classes and speak with your Broker anytime you start to feel frustrated.   You always have the support that you need right at your finger tips. 

I believe the answer to this heated question is YES.  Take a chance and reap the benefits of this lucrative Business that we call Real Estate.

http://www.homesinsale.com

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California
Groups:
Millionaire Real Estate Investor Referral Network
Tags:
realtor
market conditions

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
40,631
France and Mark Clausen
Realty Austin - Dripping Springs, TX

Another key point is that due to soooo many agents getting out of the markets things pick up there will be fewer agents to handle the business. Sure, several will scramble back into the market but if you can establish yourself now you will reap the rewards later.

Oct 19, 2009 09:18 PM #39
Ambassador
1,476,165
Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

I think it is a good time because they learn contracts really well as well as submission and lots and lots of counter offers & addendums.

It's funny because I asked someone new (on a normal listing, rare here) if they called the list agent and they looked at me funny.  Guess we are skipping some steps.

At any rate, any time is good if you are the RIGHT person with a passion for this biz!

Oct 19, 2009 10:05 PM #40
Rainer
45,101
Will Goodson
Sheffield Properties/Private Label Realty - Austin, TX

All very good points.  I got into the business at the very peak.  Once I started to figure out what I was doing, the market during sour.  I have remained positive like you mentioned.  I feel fortunate to survive thus far, and I think agents who make it through this mess will come out ahead AND have an appreciation for the hard work we are suppose to do for our clients.

Oct 19, 2009 10:47 PM #41
Rainmaker
222,135
Dora & Vincent Kwok
HomeSmart Real Estate - Chandler, AZ
CNE - Chandler, Arizona Real Estate

There's never a good or bad time, its the right time whenever you are ready to start....and have the right mentoring/coaching and business plan in place.

Oct 19, 2009 10:58 PM #42
Anonymous
Anonymous
Anonymous

Hi even do this isn't my best year yet(nobody,s fault), I am agree with you this is the perfect time to get in the business, before we get busy, learn,learn as much you can now.

Oct 19, 2009 11:04 PM #43
Rainer
26,470
Diana Hoyt
Lakes Region Buchanan Group, Ossipee, NH - Ossipee, NH

Not to be picky, but reminder that not all licensed real estate agents are REALTORS.  Only icensed real estate agents who belong to the National Association of REALTORS have the privilege of calling themselves a REALTOR.  I pay a lot of money for the right to use that title and I am very proud to be able to use it, but I don't like sharing it with someone who hasn't paid to use it.  I believe the proper usage would be something more like - licensed real estate agent and REALTOR. 

Oct 19, 2009 11:04 PM #44
Rainer
34,727
Grover Barbaran
Intero Real Estate Services - Saratoga, CA
REALTOR - Silicon Valley

Yanni,

completely agree with you! I do have several friends asking me that same question. I strongly believe that  Realtors will always  be needed despite any market.

Here in Silicon Valley business is picking up and we all hope we can have a very productive 2010.

 

Best,

Grover

Oct 19, 2009 11:24 PM #45
Rainer
31,238
Marcelo Da Silva
Homesmart - Phoenix, AZ

Very well said "The "Market" should never determine how successful you will be in any given market." Imagine if Bill Gates, Steve jobs and so forth tried to time the best moment to start their business!

Oct 20, 2009 02:08 AM #46
Anonymous
Anonymous
Anonymous

Yes it is a good time....everyone needs to know their are good times as well as bad times in any business.....you work hard and it will work out is the attitude you have to have....

Oct 20, 2009 07:42 AM #47
Rainer
79,318
Gene perez
Greater Mortgage Solutions & Valley Hills Realty - Santa Maria, CA

what bothers me with stuff like this is all the positive thinking that you can do anything without ever telling the full story like you better have 6-12 months of reserves in case you make no money.  You will be working countless hours with no pay.  You will have to invest money yes actually spend money before you make any. 

I have seen so many people get into this business get snowed with promises and dreams then lose the car the house and go broke because all they were told is how YOU CAN DO IT!

Without telling them what they have to bring to the table to succeed its gonna take more than a positive attitude.

Oct 20, 2009 09:39 AM #48
Rainmaker
1,351,125
Ron & Alexandra Seigel
ra@napaconsultants.com - Carpinteria, CA
Luxury Real Estate Marketing

Yanni,

To quote Charles Dickens, "It was the best of times, it was the worst of times", if you want to be a realtor, it is always good.  It is all in the eyes of the beholder!

Wishing you continued success!  Alexandra

Oct 20, 2009 10:52 AM #49
Rainmaker
183,593
Celeste Chism - Fairfield Glade TN Fairfield Glade Real Estate and More
RE/MAX Premier Choice - Crossville, TN
Your

True so true. We are through the worst i believe. Mush success to you too.

Oct 20, 2009 12:55 PM #50
Rainmaker
1,360,113
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Right we need about a million more :) HAHA. What we really need is better trained and a higher degree agent. I am amazed at the folks in this business and a lot are just for show.

Oct 20, 2009 04:59 PM #51
Rainer
14,808
John Douglas
Prudential Partners Realty - Bowling Green, KY

Would agree that now is a good time to become a Realtor if one put the time and effort

you gain a lot of skill that will help you in the future in this challenging market that we have now.

Oct 20, 2009 10:07 PM #52
Anonymous
Anonymous
Dean Phelps

I think all depends on dedication and courage to face the difficulties..to be a realtor every one should poses this qualities and they can start it any time..and I think this is the right time to be a realtor.

Dean Phelps

 

 

Oct 21, 2009 06:44 AM #53
Rainmaker
605,731
Bill Ladewig
Escondido, CA
Experience Is Your Advantage

Your FHA GuruYanni, my answer would be the same I would give to a home buyer asking if it is a good time to buy.  If they are buying a home for their family the answer is an unqualified yes.  Conversely, if the home buyer is wants to get rich quick then an unqualified no would be my answer. 

Oct 21, 2009 09:54 AM #54
Rainer
136,319
Terry Lynch
LAR Notary and Closing Services - Saint Clair Shores, MI

If you can make it in this market, just imagine what you'll do when it picks up.

Oct 22, 2009 10:36 PM #55
Anonymous
Anonymous
jaz

Hello Everyone,

I have a question if anyone could answer for me. I really would like to get into real estate but I was convited of a felony about 7 years ago. What would be my chances. Also I would like to know the steps I should take If there would be no problem with the felony

Oct 24, 2009 01:43 AM #56
Anonymous
Anonymous
jazz

Sorry by the way I live in california if that would make a difference

Oct 24, 2009 01:47 AM #57
Anonymous
Anonymous
Jerry Jones

Are you outta your friggin mind? Foreclosures, job losses - c'mon!


Who would want to be in this biz now? Get out while you can. Walk away from the table people, the gamble is over! Take your losses and run.

 

JJ

Feb 10, 2010 06:12 AM #58
Show All Comments
Rainer
27,414

yanni raz

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information