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  • Writer's pictureBrecken Dale

What To Expect As A New Real Estate Agent

Your First Year In Real Estate As A New Agent...

As a new real estate agent, your first year can be both exciting and challenging. You may have a lot of enthusiasm and motivation, but you may also be unsure of how to get started, especially if you don't have any prior connections in the industry. Here are some things to keep in mind as you embark on your journey as a new real estate agent.

One of the most difficult aspects of starting out in real estate is building your network. Without prior connections, it can be challenging to get your name out there and start getting sales. However, this doesn't mean it's impossible. There are plenty of ways to start building your network, from attending local events to leveraging social media and other digital marketing tools. There are so many different real estate marketing strategies that you can try and depending on you as a person and your location, one strategy may work better for you than others. It may take time to see results and discover which marketing and lead generating strategy works best for you, but consistency is key. Keep putting yourself out there and stay focused on your goals!

Another important thing to remember is to have realistic expectations. It's unlikely that you'll start making big sales right away, especially if you're just getting started in the industry. It may take some time to build up your skills and experience, and to establish yourself as a trusted real estate agent in your community. Be patient and stay committed to your goals.

It's also crucial to understand that being a successful real estate agent requires hard work and dedication. There is a high turnover rate in the industry and if you want to ensure that you don’t become apart of that statistic you need to be committed to your work, to your clients, and understand the realities of the industry you are entering. According to the National Association of Realtors, REALTORS® with 2 years or less experience had a median gross income of $8,800. To make it as a real estate agent, you'll need to be willing to put in the effort and time required to succeed!

One way to increase your odds of success is to hire a real estate coach. A coach can help you develop the skills and strategies you need to succeed in the industry, as well as provide you with support and guidance throughout your journey.

According to a study by Inman Select, more than 9 out of 10 agents who worked with a coach said their business climbed by 10 percent or more during the first year they worked with a coach. More than half said the increase exceeded 25 percent. And according to a study by PriceWaterhouseCoopers it was found that the average return on investment for coaching was 7 times the initial investment, and over a quarter reported a return on investment of 10 to 49 times the initial investment. Investing in a coach can be a smart move for new real estate agents who are serious about succeeding!

In conclusion, your first year as a real estate agent can be challenging, but it's important to stay focused on your goals and stay committed to your success. Building your network, having realistic expectations, working hard, and investing in a coach can all help increase your odds of success in the industry. With the right mindset, strategies, and mentor on your side, you can build a successful career as a real estate agent.

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