REAL ESTATE LESSONS WHICH YOU will LEARN FROM YOUR EXPERIENCE

1.Real estate is not a get rich quick scheme

You have to forget that you will make a lot of money fast. In fact, you will probably forget to make money fast. Surely there can be exceptions but you have to accept that you will not earn a heavy amount for some time period.

Many real estate brokers suggest new license holders do enough saving for at least 12 months or should have another source of income when they first start out.

Chances are fairly good that you won’t be able to make 6 figures in your first year. In Illinois, the average realtor makes less than $50,000. in a year. The chances are fairly good that you won’t be able to make even that much in your first year. Be ready for that.

2. Getting your real estate license didn’t prepare you to run a successful business

Your real estate school will just prepare you to clear your real estate exam. Of course, you will acquire loads of knowledge. Unfortunately, much of the bookish knowledge you will never use in your real estate career. You will surely not learn in your real estate class how to run a successful real estate business. You are advised to not take your student hat off as you will wear it for a long time.

If you think a career in real estate is for you, now really is the time to start with our managing broker classes.

3.Part-time agents make part-time incomes

An old proverb says, ‘You get out what you put in is very true in real estate. If you wish for a full-time income then you have to put in a full-time effort. Sure, there are veteran real estate agents who make a good living and work part-time but they are probably enjoying the dividends of immense hard work they have done in their early years. 

Interested in starting your real estate classes? Get in touch with the IBAs team immediately so we can together work on your future goals.

4.You need thick skin

You will get disappointed by your friends and maybe even close relatives. Just because you got your real estate license holder, doesn’t make you a knowledgeable agent. Your friends and relatives may hire another agent who is more experience as compared to you. You will surely feel bad but it will most likely happen to you at some point. Don’t let it derail you. Just think about the “Next!”

Learn About Working With More Than One Realtor

KEYNOTE

Despite all of the challenges in the real estate business. Whilst it can be very lucrative. Being in the real estate business yourself doesn’t allow you to have a very high ceiling on your earnings. The sky is the limit. Surely, you’ll hit a spot in your business as an individual agent where you can’t reach the highest, but with the assistance of your assistant, and possibly a team in the future of buyer’s and seller’s agents, managers, etc you have the potential to be a millionaire real estate agent.

At Illinois Brokers Academy, we offer the quality pre-licensing courses needed in order to become a mortgage broker in Illinois. Contact us now and get enroll in our courses today.