Here are 9 reasons why real estate agents fail
Here are 9 reasons why real estate agents fail One of the most shocking statistics in the real-estate industry is the fact that between 85% and 90% of agents quit within five years. This means that if you are in a prelicensing group of 10, nine out of the 10 will no longer be in the same industry five years from now. We have examined the nine most common reasons real estate agents fail and how to avoid them. 1. Failure to account for upfront expenses Agents in real estate are independent contractors and not salaried employees. Even if you are employed by a brokerage, this means that you are the sole owner of your business. This means that, while some brokerages offer perks such as advertising or marketing, most of your expenses must be paid for. A typical real estate agent will spend an average $11,500 per year on business expenses. Top performers often spend more. This includes everything, from leads to insurance, adve...