3 things I learned in my 1st year of being an agent

3 things I learned in my 1st year of being an agent

Member since 2021 · 12 posts · 7 votes

I have no clue if this post will be of any value but I would like to share my experience of being an agent over the past year. I want to say that being an agent can be very hard. I was not aware of how many different ways you could go about building your business. I also think it is important to understand that you are VERY MUCH building your own business. What does that mean? 

1. You have to show up and be ready to learn. How you do business is more important than how much business you do. Preparation, planning, and learning are vital. I have made a ton of mistakes, from how I handled conversations with clients and agents, to not being disciplined in the day-to-day. Prospecting, follow-up, and business organization are all massive components of the business that could and should be broken down into manageable daily tasks. Door knocking, cold calling, social media, etc. None of these business builders mean anything if you can't commit some kind of time to implement, fail, adjust, and implement again. At least that has been my experience.

2. The Dunning-Kruger effect is very real. My first deal is in the top 5 most stressful processes I have ever been through. I did a terrible job of setting expectations, I missed issues that could and should have been addressed early, and I generally thought I knew more than I did. My point is that podcasts and reading books help with the learning curve but they don't make you an expert. I will die on this hill, and if you don't agree, that is fine with me. Experience will always be more important than book knowledge. Please do not misunderstand what I am trying to say, knowledge is powerful but only when you combine it with action. Just be self-aware enough to accept you won't have everything ironed out. 

3. You can only control what you can control. It sounds so dumb when I say that out loud but I believe this to be true. I spent too many hours stressing about stuff I had ZERO control over. I was worried about things like my client's finances and what the other agent was doing. Are they making the best financial choice? Why won't they answer my phone calls? Did I do something wrong? Do they want to back out of the deal? I would go on and on about different scenarios that never happened. Do what you can to the best of your ability and address things ahead of time if you can. Other than that, pieces will fall where they fall. 

I may not be qualified to give advice but these are some of the takeaways from my first year as an agent. Do with this information what you want. I know the market has drastically changed since I got licensed but I look forward to my second full year. I imagine I am going to learn just as much, if not more than I did this past year.

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Realtor · Sebastian, FL · Member since 2018 · 53 posts · 30 votes
2y
Quote from @Oscarr Douglas:

I have no clue if this post will be of any value but I would like to share my experience of being an agent over the past year. I want to say that being an agent can be very hard. I was not aware of how many different ways you could go about building your business. I also think it is important to understand that you are VERY MUCH building your own business. What does that mean? 

1. You have to show up and be ready to learn. How you do business is more important than how much business you do. Preparation, planning, and learning are vital. I have made a ton of mistakes, from how I handled conversations with clients and agents, to not being disciplined in the day-to-day. Prospecting, follow-up, and business organization are all massive components of the business that could and should be broken down into manageable daily tasks. Door knocking, cold calling, social media, etc. None of these business builders mean anything if you can't commit some kind of time to implement, fail, adjust, and implement again. At least that has been my experience.

2. The Dunning-Kruger effect is very real. My first deal is in the top 5 most stressful processes I have ever been through. I did a terrible job of setting expectations, I missed issues that could and should have been addressed early, and I generally thought I knew more than I did. My point is that podcasts and reading books help with the learning curve but they don't make you an expert. I will die on this hill, and if you don't agree, that is fine with me. Experience will always be more important than book knowledge. Please do not misunderstand what I am trying to say, knowledge is powerful but only when you combine it with action. Just be self-aware enough to accept you won't have everything ironed out. 

3. You can only control what you can control. It sounds so dumb when I say that out loud but I believe this to be true. I spent too many hours stressing about stuff I had ZERO control over. I was worried about things like my client's finances and what the other agent was doing. Are they making the best financial choice? Why won't they answer my phone calls? Did I do something wrong? Do they want to back out of the deal? I would go on and on about different scenarios that never happened. Do what you can to the best of your ability and address things ahead of time if you can. Other than that, pieces will fall where they fall. 

I may not be qualified to give advice but these are some of the takeaways from my first year as an agent. Do with this information what you want. I know the market has drastically changed since I got licensed but I look forward to my second full year. I imagine I am going to learn just as much, if not more than I did this past year.


 Hey Oscarr, thanks for sharing and congrats on getting through the first year. There are some great pieces shared in your post, and as you move forward and have some of the experience under your belt, now it's time to lock in and focus on what will drive your business!!! Many agents get distracted by the next shiny object, they don't follow the Pareto Principle, no time blocking or strict adherence to their scheduling, and ultimately they end up trying to do too many things at once...especially with lead generation! Now you should know what your top sources are, so do nothing but that, and do it consistently at a high level!

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  • Realtor · Sebastian, FL · Member since 2018 · 53 posts · 30 votes
    2y
    Quote from @Oscarr Douglas:

    I have no clue if this post will be of any value but I would like to share my experience of being an agent over the past year. I want to say that being an agent can be very hard. I was not aware of how many different ways you could go about building your business. I also think it is important to understand that you are VERY MUCH building your own business. What does that mean? 

    1. You have to show up and be ready to learn. How you do business is more important than how much business you do. Preparation, planning, and learning are vital. I have made a ton of mistakes, from how I handled conversations with clients and agents, to not being disciplined in the day-to-day. Prospecting, follow-up, and business organization are all massive components of the business that could and should be broken down into manageable daily tasks. Door knocking, cold calling, social media, etc. None of these business builders mean anything if you can't commit some kind of time to implement, fail, adjust, and implement again. At least that has been my experience.

    2. The Dunning-Kruger effect is very real. My first deal is in the top 5 most stressful processes I have ever been through. I did a terrible job of setting expectations, I missed issues that could and should have been addressed early, and I generally thought I knew more than I did. My point is that podcasts and reading books help with the learning curve but they don't make you an expert. I will die on this hill, and if you don't agree, that is fine with me. Experience will always be more important than book knowledge. Please do not misunderstand what I am trying to say, knowledge is powerful but only when you combine it with action. Just be self-aware enough to accept you won't have everything ironed out. 

    3. You can only control what you can control. It sounds so dumb when I say that out loud but I believe this to be true. I spent too many hours stressing about stuff I had ZERO control over. I was worried about things like my client's finances and what the other agent was doing. Are they making the best financial choice? Why won't they answer my phone calls? Did I do something wrong? Do they want to back out of the deal? I would go on and on about different scenarios that never happened. Do what you can to the best of your ability and address things ahead of time if you can. Other than that, pieces will fall where they fall. 

    I may not be qualified to give advice but these are some of the takeaways from my first year as an agent. Do with this information what you want. I know the market has drastically changed since I got licensed but I look forward to my second full year. I imagine I am going to learn just as much, if not more than I did this past year.


     Hey Oscarr, thanks for sharing and congrats on getting through the first year. There are some great pieces shared in your post, and as you move forward and have some of the experience under your belt, now it's time to lock in and focus on what will drive your business!!! Many agents get distracted by the next shiny object, they don't follow the Pareto Principle, no time blocking or strict adherence to their scheduling, and ultimately they end up trying to do too many things at once...especially with lead generation! Now you should know what your top sources are, so do nothing but that, and do it consistently at a high level!

  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    2y

    Do you work the Amarillo market? I may have a deal I need your help with sir. 

  • Member since 2021 · 12 posts · 7 votes
    2y
    Quote from @Eliott Elias:

    Do you work the Amarillo market? I may have a deal I need your help with sir. 


     Amarillo is a little further than I normally work but I am always happy to look at a deal to see how I can help.

  • Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    2y
    Quote from @Oscarr Douglas:

    I have no clue if this post will be of any value but I would like to share my experience of being an agent over the past year. I want to say that being an agent can be very hard. I was not aware of how many different ways you could go about building your business. I also think it is important to understand that you are VERY MUCH building your own business. What does that mean? 

    1. You have to show up and be ready to learn. How you do business is more important than how much business you do. Preparation, planning, and learning are vital. I have made a ton of mistakes, from how I handled conversations with clients and agents, to not being disciplined in the day-to-day. Prospecting, follow-up, and business organization are all massive components of the business that could and should be broken down into manageable daily tasks. Door knocking, cold calling, social media, etc. None of these business builders mean anything if you can't commit some kind of time to implement, fail, adjust, and implement again. At least that has been my experience.

    2. The Dunning-Kruger effect is very real. My first deal is in the top 5 most stressful processes I have ever been through. I did a terrible job of setting expectations, I missed issues that could and should have been addressed early, and I generally thought I knew more than I did. My point is that podcasts and reading books help with the learning curve but they don't make you an expert. I will die on this hill, and if you don't agree, that is fine with me. Experience will always be more important than book knowledge. Please do not misunderstand what I am trying to say, knowledge is powerful but only when you combine it with action. Just be self-aware enough to accept you won't have everything ironed out. 

    3. You can only control what you can control. It sounds so dumb when I say that out loud but I believe this to be true. I spent too many hours stressing about stuff I had ZERO control over. I was worried about things like my client's finances and what the other agent was doing. Are they making the best financial choice? Why won't they answer my phone calls? Did I do something wrong? Do they want to back out of the deal? I would go on and on about different scenarios that never happened. Do what you can to the best of your ability and address things ahead of time if you can. Other than that, pieces will fall where they fall. 

    I may not be qualified to give advice but these are some of the takeaways from my first year as an agent. Do with this information what you want. I know the market has drastically changed since I got licensed but I look forward to my second full year. I imagine I am going to learn just as much, if not more than I did this past year.


     So true. With everything going on, being an agent is not "easy" and needs to be treated a certain way. I would not trade it for anything though, it's a lot of fun :)

  • Member since 2021 · 12 posts · 7 votes
    2y
    Quote from @Eric Jubeck:
    Quote from @Oscarr Douglas:

    I have no clue if this post will be of any value but I would like to share my experience of being an agent over the past year. I want to say that being an agent can be very hard. I was not aware of how many different ways you could go about building your business. I also think it is important to understand that you are VERY MUCH building your own business. What does that mean? 

    1. You have to show up and be ready to learn. How you do business is more important than how much business you do. Preparation, planning, and learning are vital. I have made a ton of mistakes, from how I handled conversations with clients and agents, to not being disciplined in the day-to-day. Prospecting, follow-up, and business organization are all massive components of the business that could and should be broken down into manageable daily tasks. Door knocking, cold calling, social media, etc. None of these business builders mean anything if you can't commit some kind of time to implement, fail, adjust, and implement again. At least that has been my experience.

    2. The Dunning-Kruger effect is very real. My first deal is in the top 5 most stressful processes I have ever been through. I did a terrible job of setting expectations, I missed issues that could and should have been addressed early, and I generally thought I knew more than I did. My point is that podcasts and reading books help with the learning curve but they don't make you an expert. I will die on this hill, and if you don't agree, that is fine with me. Experience will always be more important than book knowledge. Please do not misunderstand what I am trying to say, knowledge is powerful but only when you combine it with action. Just be self-aware enough to accept you won't have everything ironed out. 

    3. You can only control what you can control. It sounds so dumb when I say that out loud but I believe this to be true. I spent too many hours stressing about stuff I had ZERO control over. I was worried about things like my client's finances and what the other agent was doing. Are they making the best financial choice? Why won't they answer my phone calls? Did I do something wrong? Do they want to back out of the deal? I would go on and on about different scenarios that never happened. Do what you can to the best of your ability and address things ahead of time if you can. Other than that, pieces will fall where they fall. 

    I may not be qualified to give advice but these are some of the takeaways from my first year as an agent. Do with this information what you want. I know the market has drastically changed since I got licensed but I look forward to my second full year. I imagine I am going to learn just as much, if not more than I did this past year.


     Hey Oscarr, thanks for sharing and congrats on getting through the first year. There are some great pieces shared in your post, and as you move forward and have some of the experience under your belt, now it's time to lock in and focus on what will drive your business!!! Many agents get distracted by the next shiny object, they don't follow the Pareto Principle, no time blocking or strict adherence to their scheduling, and ultimately they end up trying to do too many things at once...especially with lead generation! Now you should know what your top sources are, so do nothing but that, and do it consistently at a high level!


     Thank you for the encouragement, I had to look up the Pareto Principle, I had never heard of it. It does make me rethink how I go about prioritizing my day-to-day. I will look at my schedule and begin to weed out pointless "work".  

  • Real Estate Agent · Raleigh, NC · Member since 2019 · 303 posts · 288 votes
    2y

    Fantastic post man! First year is TOUGH. Especially in this market. But when a lot of agents give half the effort and flake out, those who keep their eyes on long-term goals, sacrifice and forget the income part in the short-term, and do the daily stuff that is proven to work - those are the agents who will take us into the next decade of real estate. Let's be those agents! 

    What's your top sources for lead gen? I cold-call realty leads and website traffic, we partner with zillow flex for hot leads, and I'm building up a social media right now.

  • Member since 2021 · 12 posts · 7 votes
    2y
    Quote from @Benjamin Carver:

    Fantastic post man! First year is TOUGH. Especially in this market. But when a lot of agents give half the effort and flake out, those who keep their eyes on long-term goals, sacrifice and forget the income part in the short-term, and do the daily stuff that is proven to work - those are the agents who will take us into the next decade of real estate. Let's be those agents! 

    What's your top sources for lead gen? I cold-call realty leads and website traffic, we partner with zillow flex for hot leads, and I'm building up a social media right now.


     I have door knocked and more recently cold called. I feel like I am more productive when I cold call but I have no data that backs that up. I think ultimately, I have been focusing on the relationship rather than the outcome. When I do that, door knocking and cold calling have worked for me. I am considering working on social but I find that I struggle with maintaining focus when I add in other lead generators.

  • Real Estate Broker · Medford, NJ · Member since 2018 · 236 posts · 177 votes
    2y

    @Oscarr Douglas Great post, year 1 is brutal in any market but especially this one. It’s an extremely tough industry to succeed in but you’re on your way. Experience is key like you said. Treat people good and always be learning. The more knowledge you get along the way and different deals that throw you curveballs are the building blocks. At the end of the day, providing excellent service will ultimately propel you forward. If you lay the foundation right and focus on learning which is sounds like you have then every year should be up from here. Every year you get new clients that hopefully turn into referral sources. Year 2 and 3 get much easier and after that it should take off. Best of luck to you!

  • Jared HottleBusiness Member
    Real Estate Agent · Cedar falls IA Waterloo, IA · Member since 2020 · 902 posts · 549 votes
    2y

    I 100% agree with these. I think one of the keys is to not make the same mistake twice and do more on the front side. Control what you can control is very wise advice as well. It is great advice for life but I find myself reminding myself that a lot in this business. Just keep focusing on the mirco and doing what you need to do next. 

  • Chancy ViaBusiness Member
    Real Estate Broker · Amarillo, TX · Member since 2015 · 7 posts · 2 votes
    2y
    Quote from @Eliott Elias:

    Do you work the Amarillo market? I may have a deal I need your help with sir. 


    Yes sir!  I’ll send you a message.

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