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  1. #1
    KyleT123 is offline Renter
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    Default Veterans leaving...but I want in!

    Hi friends,

    I am 25 and a high school teacher in Colorado. I think I could do great things in Real Estate, and I am likely going to begin my 163 hours of coursework to become a broker (everyone in Colorado must have this).

    I've emailed several agents around the city who are all very much telling me that the market is soft & veteran brokers are leaving the industry. Nobody is quite saying that it's a waste of time to try to get in, but that's the impression I'm getting.

    I think I can do it. I've got the personality, the patience, the knowledge, I love to research, and everything I hear just challenges me more. I love it. But - - - I'm also unlicensed, inexperienced, and not in the industry.

    So what do you think? If the market is tough and veterans are leaving, is it futitle to try and make it work? Or do you think if I have what it takes I can make it?

    Thanks.

  2. #2
    Malok's Avatar
    Malok is offline Condominium
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    Kentucky - in a barn!
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    Default

    It sounds like you have the right qualities to be successful.

    Can it be hard to get started in real estate? Of course. Its just like any profession.

    You are learning tip #1:
    There are always the doom & gloom people in real estate. Avoid them.


    Focus less on the persons leaving the industry - and try to talk to the persons that appear to be successful that are staying in the industry.


    Those are the persons that you can benefit from with their advice.



    Good luck to you.

  3. #3
    KyleT123 is offline Renter
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    Default

    good thoughts. thank you very much.

  4. #4
    ventasman is offline Fixer Upper
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    Panama City, Panama
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    Default

    Quote Originally Posted by Malok View Post
    You are learning tip #1:
    There are always the doom & gloom people in real estate. Avoid them.

    HEllo. Please tell me, what is "doom" and "gloom" people?. Just an idiomatic question.

    Thanks.

  5. #5
    Malok's Avatar
    Malok is offline Condominium
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    Kentucky - in a barn!
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    Default

    Doom & gloom = persons that are negative. They say the market is always bad. If its a sellers market, all they have is buyers. If its a buyers market, all they have is sellers.

    A million and one excuses as to why they aren't doing as much business as they should be doing.

    You don't need to learn "why you can't be successful".

    Those people you should avoid.


    Find the persons that ARE being successful regardless of the market - those are the ones you need to listen to and learn from - and associate yourself with.
    Last edited by Malok; 08-28-2007 at 11:23 AM.

  6. #6
    KyleT123 is offline Renter
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    Default

    Malok is right - I am really seeing a lot of the doom'n gloomers. I'm really trying to talk with people with every company in town to figure out how everything works and who to go with, and there are brokers who are telling me to not bother entering the business.

    On the otherhand, there are other brokers who are excited to see people give up on the market - b/c it means more money for them!

    The way I see, I'm going to be successful. I might as well break my learning curve when the market conditions are poor so I get used to working hard to begin with. Then when the market picks up, I'm ready to go.

    __________________________________________________ ____


    I'm now researching companies to go with. From what I read, most people think that going with the large reputable companies is the way to go for a new agent mostly b/c of lead generation. I'm finding however that the people in the small several agent businesses are complimentary to my ethic. They are concerned with development of a new agent - something I'm not getting from Remax, Coldwell, etc.

    So more lead generation but less learning and development? or more support/development and less leads? Any thoughts?

  7. #7
    Malok's Avatar
    Malok is offline Condominium
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    Default

    Quote Originally Posted by KyleT123 View Post
    So more lead generation but less learning and development? or more support/development and less leads? Any thoughts?
    Of those 2 choices: More support/development and less leads.


    Learn what you can - so that when you do get busy, you can handle and service your clients.

    In all likelihood, you will want to switch brokers after a relatively short period of time to one that generates more leads AFTER you have learned what you can from the other fellow.



    Biggest priority should be the broker - and less about the franchise itself. Is he LEADING the cutting edge for the real estate business in the area? (Does he have technology person(s) on staff, etc, etc)

    Or is he a dinosaur waiting to become extinct?


    Just because someone is "dominating a market" today - does not mean they will be dominating it tomorrow.
    Last edited by Malok; 08-28-2007 at 11:23 AM.

  8. #8
    ventasman is offline Fixer Upper
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    Default Thanks for the answer

    Ok i know people like that. but the funny thing is that they are making money, and they are working ok. I believe that is their way to lower the competition. People like that are going down. I doesn
    www.thepanamateam.com
    Real Estate at Paradise

  9. #9
    gjtrafl is offline Condominium
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    Default

    Keep in mind there are so many things you can be doing now to ensure you hit the ground running. Get after it now.
    Search for property @ Wilmington NC Real Estate
    or view the current Wilmington Real Estate News

  10. #10
    KyleT123 is offline Renter
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    Default

    Quote Originally Posted by gjtrafl View Post
    Keep in mind there are so many things you can be doing now to ensure you hit the ground running. Get after it now.

    ....for example.... =)

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