HARD TRUTH: Nobody said being in real estate was easy! The statistics for new agents that quit within their few years are staggering. NAR reports 87% of agents leave the industry after 5 years. Keep reading to find out the top 4 reasons new real estate agents fail and what you can do to prevent it!
4 Reasons New Real Estate Agents Fail
01. NO PLAN – Many new real estate agents don’t start with a plan. You need to set goals and know what you want to achieve before you can achieve them! You can set yearly goals, long-term goals, or even weekly goals. Making sure you’re aiming for something will give your day-to-day more purpose.
02. NO FOLLOW-UP – Sometimes, new agents may forget just how important it is to follow up with clients. Keeping a relationship with clients is crucial for not only building trust, but also getting future referrals. Monthly or quarterly newsletters are a good way to do this. Emails or phone calls every few months will also keep you top of your mind.
NAR Reports 87% of Agents Leave the Industry After 5 Years.
03. NO MARKETING – Another important task new agents MUST do is market themselves. Nobody can use your services if they don’t know you’re available. Properly putting your name out there and encouraging clients your way is very important in this industry! Social media is a great way to start, after that, try blogging or creating other online content.
04. LIMITED EXPERIENCE – Limited experience can be a factor. It can be hard to stay confident or have contacts to reach out to when you’re just starting out. If you find yourself with extra time on your hands, practice showing homes with your friends or family or host a first-time home buyers seminar.
Need a support team? We’ve got you!! ?♀️ (Hint: Success can STILL include a midday nap… as long as you schedule it in.) With Sage and Cedar, we’ve got all the knowledge, experience, and reliability you’ll need! If you’re looking for a unique and fun group of people to learn from and work with, visit us here to learn more about joining our team!