Why most agents fail in real estate?

[Jorge Vazquez]

They are always looking for perfection! What I mean is that they are always looking for the perfect seller, perfect property and perfect buyer to do business with. I challenge you to take the hard ones and sharpen your skills and become more resourceful. 

[Russell Brazil]

87% failure rate for the industry.

Being a real estate agent is owning a small business.  Small businesses fail at roughly the the same rate, 90%. Agents fail for the same reason small businesses do. They are not properly capitalized, and they have no business plan.

My first year in the business I had about $10k of income.....but knowing businesses have expenses regardless of revenue, I spent about $30k on the business. Most people simply wont do that, thus a high failure rate.