Is now the time to become a real estate agent?

Profile picture for Atlas Painting

Do you see an influx of newcomers to the real estate teams? I noticed alot of the older, more established agents, are listing more property for sale. When the housing market does turn around, they are the ones to stand to gain. What are your feelings on that? 

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January 26 2009 - Charlotte

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Profile picture for Ben Faubert
I heard a statastic last week there were 4 Million agents in the US now where down to $900,000
Is it a good time?
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January 26 2009
Profile picture for JoKnows
I am reading your question a couple of different ways -

1.  you ask about teams, which are really the new wave.  Most Real Estate companies do not embrace them, but it is a great way service clients.  Cuts profit to the offices.

2.  less agents are coming into the business and more are exiting.  This is the same market I started out in 13 years ago in my area.  It was hard and I had to work smarter, longer and better than my competition to succeed.  I had to learn the basics and execute them properly.

3.  the seasoned agent are going back to basics, getting the listings (they have seen this market before and are prepared).  They know when it turns around and it always does....they will be in the driver's seat.

4.  like in any other profession - it's the 80/20 rule - 80% of the business is being done by we the 20%.  It's not luck, it's hard work!
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January 26 2009
I think the agents who have been around for years and are able to ride the market will be ahead when the market turns.

If you are asking about starting now, it could be to your advantage. If you start learning now, then the agents who will train you, will be seasoned and you will benifit from their experiance.

It takes a lot of work. Good luck!
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January 26 2009
Profile picture for Pasadenan
Recessions are always the best time to start a new business; but anyone that starts a business with no experience is plain crazy, especially in an extremely competitive market.

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January 26 2009
Profile picture for Pasadenan
And do I care?  Absolutely not.  Their business will have no affect on me regardless.
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January 26 2009
Profile picture for MelP
Hard time to enter the business, there has been a "shakedown" of fly by night agents and people who thought they would make "millions" from the boom of 99-2005'...don't want to say No, not a good time, but if I had never been in the business and did not have my licenses...don't know if I would jump in right now...I agree with the rest, it's alot of work, longer hours than before and I am having to get familiar with more cities than in previous years if I want to remain competitive. 
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February 10 2009
 
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