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Updated almost 5 years ago on . Most recent reply

Real Estate Agent Career
I’m considering becoming a real estate agent. I am curious what the thoughts are from others in the field about the future of agents? Do you see agent involvement being reduced because of some of the technology we have now ?
Most Popular Reply

I do see the need for real estate agents, even with the technology out there. I believe this is a largely because of the knowledge and experience we can bring to transactions. However, I speak from the perspective of a commercial broker, who sells Mobile Home Parks, I am not sure of the outlook of agents in the residential route.
People can and do purchase commercial real estate that have been studying and analyzing the market, but I would say the majority of people need the support and the in depth knowledge to feel peace of mind about their purchase.
I work alongside my dad who has 30+ years experience in the field and see this knowledge piece as invaluable to customers looking to buy/sell. He/we have saved so many people money (and made people very wealthy!) simply because of his experience.
With that being said if you are looking to get into the field, I would be especially selective of which firm you start off with. Their experience is something you can tag along with. It is a powerful statement to be able to say "Hi I am ______! I work with Columbia Equity Advisors, we have 30+ years experience in the Mobile home Park industry, closed 5 parks last year and are closing a 98 space park 1/2 mile away from your park! We have a buyer looking to do a 1031 exchange are you interested in entertaining an offer?"
Lastly, I would say that in this field I think it goes with out saying that you need to hustle every day. Imagine first day and they put you in a empty room and say ok go for it! Find a MHP for us to sell. Hopefully they wouldn't do that, but you get the idea ;)
Overall, if you have the time and are interested in real estate then I say go for it! Downside you might lose 600 bucks on study material and fees, upside is potential to earn six figures. Once you get into the study material you might find that you love it or simply don't have the motivation even to study/pass a test.
DM if you need help with the process of becoming an agent.. there were some really helpful videos, study material, etc. that I used that may be helpful to you too! Best of luck!