Real Estate Isn't for Weak @ Heart!

I was reviewing some stats from the industry and it's quite disheartening to say the least - but also enlightening.

The chart below says A LOT! And that is that 40% of productive agents sell 1-2 units per year. The concept of the article is that casual/part-time agents aren't going anywhere.

Sharing this with another broker friend of mine, his response: "Of course! It's the perfect side-hustle."

And so it is - if you hit an average commission rate with an average priced home in the DMV are - you're instantly into $40,000 gross commission income! Why go work at Starbuck's or Walmart? This pays a ton more if you just get 2 deals done per year. Even on the national numbers - you can make about $30,000 with just two deals per year.

HOWEVER - the small print of the chart speaks even more disheartening news (and the reason I've launched this channel!) The study is pulled from CoreLogic and accounts for 840,000 agents - the productive ones.

WELLLLLL - there are 1.49 MILLION agents who call themselves Realtors. Thus - the REAL data should be:

56% of Realtors actually sell something

44% of Realtors sell NOTHING

22.4% of all Realtors sell 1-2 deals per year.

12.9% sell 3-5 transactions

20.8% sell 6 units or more

What do you think??

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