Experience means many things to many people. I ran across an article in the Wall Street Journal that discussed the price of experience in the real estate profession. As I read the article, I recalled when I first started in real estate. I had no clue, so I went from seminar to class after class to learn all I could. Of course the first year I could have starved on my commissions, thank God for my husband. Little did I realize that the more I sold, the more experience I got. But then who thinks about that, you are just so busy working.
The article speaks to experience in real estate, and puts the price of experience at about $25,000 for the average home. If you look at the stats, many agents don’t renew their license after 2 years, they aren’t making the money they thought they would. Persistence and more importantly experience is the answer. Veteran agents, or those licensed for more than 5 years make consistently more than the agents licensed for less years. These stats come from a report or study done that was published in the Journal of Housing Research in May of 2012. Veteran agents sell listings more quickly, and for more money. Veteran agents are more likely to continually attend education courses on the changing marketplace. The more you know you learn…the more you earn!.
In travelling the state of Florida as I campaigned this past year, I learned an amazing amount from my fellow REALTORS. It was like going to class all over the state. Each area of Florida does business but their marketing efforts, advertising and social media are all different. The two recognizable traits are persistence and experience…age did not enter into it.
So my Fellow REALTORS, never quit, always keep learning and be good to each other!
Until Next Monday…