Realties of being a Realtor

Realties of being a Realtor

Alan AsriantsBusiness Member
Real Estate Agent · Philadelphia, PA · Member since 2019 · 1k+ posts · 1k+ votes

Not meant for doom and gloom but meant to shed light on our profession. It is not as glamorous and easy as it is often portrayed to be. Being a SUCCESSFUL Realtor is extremely hard work and dedication, and yes our commission is worth it

1. Following up with a seller lead for 4 years to lose the business to a family member

2. Giving your Buyer client the best advice about what kind of property to go for and what not to go for, only to find out they purchased a complete dump with another agent

3. Losing a listing opportunity because an agent you don't even know bad mouthed you and told the client things that arent even true or accurate - yes this did happen. I lost a listing where an agent told the client that they knew me, which they didn't and said I mostly only do commercial real estate - 98% of my business is residential 

4. Having a few "dead" weeks where no one wants to see houses, so you decide to go down the shore for the weekend. Now all of the sudden 6 clients ask if you can show homes that weekend. (We work around this and find accommodations for our clients no matter what!)

5. You negotiate a deal of a lifetime for a client, send them the contract, and then they get cold feet. 

Lets put an end to the sad stuff and I will share some great things about being a Realtor!

1. Helping a friend/client buy their first home. Home ownership is awesome and being a part of it is a truly rewarding feeling

2. Working with some amazing people who really value your time and advice. It is an amazing feeling to help someone who really likes working with you

3. Getting people into the world of Real Estate investing is something I love sharing with everyone. From simple conversation to actually helping the client navigate into a solid property

4. Meeting great people! In our business we don't only work with friends and family. I have met some great people in this business that I have formed a lifetime connection with. 

5. Working with great business partners. In this business you will work with other great agents, lenders, title reps, home inspectors, and finding great people in these professions is always a rewarding feeling. Forming business connections that turn into friendships!

Alan Asriants - New Century Real Estate 590 Reviews
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Investor · Fort Lauderdale, FL · Member since 2020 · 1k+ posts · 755 votes
2y

Agree on all those lol! One thing I have learned is people don't have a problem wasting your time! Sometimes I wish we could charge by the hour lol. 

Another positive is that I would, as realtors, we get to work with who we want. Very few employees of any kind can say this. Being a realtor has also exposed to me to so many smart and interesting people so I fully agree with your positive #4. It's been an amazing ride so far.

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  • Brandon VukelichBusiness Member
    Real Estate Broker · Tacoma, WA: 🏢 27 LTRs 🏡 3 STRs · Member since 2018 · 544 posts · 455 votes
    2y

    #4 in your top list never ceases to amaze me. If business is slow, plan a vacation. Business always tries to disrupt my vacation plans. I can plan trips a year out and it will likely coincide with an active deal that needs more guidance than my asst can provide.

    I would add a #6 to your list of positives - FREEDOM! We do work crazy hours sometimes but my schedule is mine and there is no limit to the income I want to pursue. I can be lazy and earn $40k or crush it and go for $4MM. We don't operate within a salary cap.

    Broker at Multifamily Properties519 Reviews
  • Investor · Fort Lauderdale, FL · Member since 2020 · 1k+ posts · 755 votes
    2y

    Agree on all those lol! One thing I have learned is people don't have a problem wasting your time! Sometimes I wish we could charge by the hour lol. 

    Another positive is that I would, as realtors, we get to work with who we want. Very few employees of any kind can say this. Being a realtor has also exposed to me to so many smart and interesting people so I fully agree with your positive #4. It's been an amazing ride so far.

  • Alan AsriantsBusiness Member
    OP
    Real Estate Agent · Philadelphia, PA · Member since 2019 · 1k+ posts · 1k+ votes
    2y
    Quote from @Brandon Vukelich:

    #4 in your top list never ceases to amaze me. If business is slow, plan a vacation. Business always tries to disrupt my vacation plans. I can plan trips a year out and it will likely coincide with an active deal that needs more guidance than my asst can provide.

    I would add a #6 to your list of positives - FREEDOM! We do work crazy hours sometimes but my schedule is mine and there is no limit to the income I want to pursue. I can be lazy and earn $40k or crush it and go for $4MM. We don't operate within a salary cap.


     Love this! I try to take more vacations now :) lol

    Yes to the #6! 

    The freedom to be your own planner and boss is the biggest plus in this business.

    I am actually heading up to Mt Rainer soon. Hear Auburn is a great area!

    Alan Asriants - New Century Real Estate 590 Reviews
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  • Alan AsriantsBusiness Member
    OP
    Real Estate Agent · Philadelphia, PA · Member since 2019 · 1k+ posts · 1k+ votes
    2y
    Quote from @Ray Hage:

    Agree on all those lol! One thing I have learned is people don't have a problem wasting your time! Sometimes I wish we could charge by the hour lol. 

    Another positive is that I would, as realtors, we get to work with who we want. Very few employees of any kind can say this. Being a realtor has also exposed to me to so many smart and interesting people so I fully agree with your positive #4. It's been an amazing ride so far.


      This couldn't be more of a true statement with the current clients I'm dealing with..

    on one spectrum, I have clients that are incredibly respectful take my recommendations and listen and on the other I have people who are just plain rude and are a pain to work with. 

    I have found tremendous value helping those who value my time, and I have learned how to deal with those who drain you. 

    Its important to set boundaries, be professional and not let people get under your skin. I give them my recommendations, what they do from there is up to them! Makes life and the job easier this way. I used to care too much about the opinion of those who don't value my job/time. 

    Alan Asriants - New Century Real Estate 590 Reviews
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  • Member since 2024 · 8 posts · 1 vote
    2y

    I know many are passionate about the real estate practice, I acknowledge that and am knocking it!  I do want to "add" to the realities you discussed!

    I've now asked 100s of times, "Do you know a retired real estate Agent?", and nobody does!!  Reading this list I begin to realize why most burn out and thus not retiring from a successful career as an Agent. 

    We decided to diversify in a few ways...given as a Broker Owner we only controlled TWO things, our roster and more effectively monetization of ALL our transactions.  

    Once we figured that out, we then found the best platform given our goals, to build our business on top of.  We haven't looked back!  And our vulnerability to those realities you outline has become less and less. 

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