Considering a career in real estate?
Consider the fact that in 2014 the National Association of Realtors reported that 87% of all new agents fail after five years in the industry. That means that only 13% of the agents who dream of a career in real estate manage to obtain the career. Why do new agents fail?
- New agents expect to get a job in real estate. Every job has a boss and a paycheck. Real estate professionals don't have a boss or a paycheck. Of course, real estate agents must follow the law, and Realtors adhere to ethical guidelines but there is no boss to keep after you, assign duties or mind your hours. Of course, successful real estate agents earn a good living, but at the end of the week, there is no paycheck. Real estate agents are paid for results and when you're starting out it takes a while to get results.
- New agents don't realize they are starting a business. When you become a real estate agent, you open a business. It takes money to start a business. You need the right tools. You need inventory. You need some training and guidance. All these things cost money. If you don't have enough money set-aside to ramp up your business you'll never make it.
- Many new agents don't have a plan. Success in real estate is like climbing dangerous mountain. There are tried and true paths. There are techniques and methods. Those who follow their guide; those who study the mountain and prepare accordingly will make it to the top. Those who strike off without foreknowledge and a plan of attack are often doomed to fail before they begin.
- Some people are easily discouraged. In sports and in real estate services, there is only one guarantee: if you play you will lose. Not everyone wins, but everyone loses. To succeed you have to survive. To survive you have to persevere . . . even when the market and life kick you in the teeth. If you can be talked out of starting a career in real estate, then you shouldn't consider a career in real estate.
Nesbitt Realty is dedicated to the success of our agents so that our agents defy the odds. [Learn More]
What is a Real Estate Agent?
In the Commonwealth of Virginia real estate agents are individuals who are licensed to sell real estate.
- All real estate agents must work under a real estate broker who manages and oversees the agent’s work.
- A broker has a greater educational requirement and experience requirement than an agent.
What is a Property Manager?
Nesbitt Realty manages rental properties for a variety of landlords including but not limited to
- absentee landlords,
- landlords who are out of the country,
- landlords who are across the country, and
- landlords who live near their rental property.
At Nesbitt Realty, a property manager is a real estate agent who manages the details of rental property management. The property manager performs these duties in conjunction with support staff and under the guidance of our principal broker. Rental property managers at Nesbitt Realty are incentivized to retain and grow business and have interesting and unique real estate servicing opportunities as a result of working with Nesbitt Realty. Property management is an important part of why our agents succeed where others fail.