Although the assumption that real
estate is an "easy money" solution,
let me assure you, it is not.
If you were recently fired, or quit a job
and you are contemplating getting into
the real estate sales industry,
bare in mind that those who consistently
make 6 figures income, are not to be
considered the norm.
Statistics show that 75% of new
licensees actually end up quitting the
business within the first 6 months.
The other 25% typically struggle for
the first 12-24 months before they
establish a part time income with
the hopes to reach higher levels of
production in the future. Less than 20%
of the 25% (which is roughly 5%
from the total brand new licensees)
will actually manage to reach higher
levels of production and become
In a strong sellers market (which normally
don't last very long), more agents get
"lucky"and experience what we can name
as "easy money" (when a buyer ends up
buying the first house they see at full
price without any hassles).
knowing these facts, should you still
consider getting your real estate license?
It depends... lets look at a scenario:
If I asked you this question, what would
If I told you that from 100 people
who get involved with real estate,
20 get to make a part time income,
3 get full time 6 figures income, and
2 become Millionaires, would you
choose to get involved or not?
If your answer is yes, that you should.
If you answered Hell YES! than you Must!.
If you answered, I need to think about it...than you
should think about not doing it.
(I recommend you to read our posts
covering "the 80/20 rule" as well as
We hope that this post can help those
of you who are on the fence. Feel free to
comment here below, or ask any related