Study Identifies Challenges of New Agents and What it Takes to Succeed in Real Estate

There are many different reasons why so many decided on a real estate career, from it being a flexible career option for those seeking balance and autonomy, to the clients, the lifestyle it provides, and the income potential. Despite it being a hot career choice for many, real estate is not easy, and every agent faces different challenges, from a lack of knowledge and training at the start of a career to growing a client base and understanding how to effectively convert leads, and too many agents don’t make it past year five. Realtor.com® recently surveyed more than 2,000 agents to gain insights into their top challenges, what separates new and experienced agents, what it takes to find success in those critical early years, and translated it into insights specifically to help new agents succeed. Having a great mentor and cash reserves, as well as spending money on marketing, and making a full-time commitment during those first few years in real estate are vital for an agent’s long-term success, according to the study results. Read More