Biggest Challenges Faced By A Realtor At Compass
Sean's biggest challenge as a Compass Realtor is the "ultra competitive" nature of the real estate profession, especially in Sean's higher education market with limited inventory, resulting in many agents competing for "a pretty small slice" of the market. This is further compounded by the perception that real estate is an easy career to enter, leading to an oversaturated market.
Competitive Market, Independent Contractor, Real Estate Sales, Market Analysis, Client Relations
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Sean Mciver
Realtor
Compass
UCSB
Global Studies
International Relations & Affairs
Real Estate
Real Estate
None Applicable
Video Highlights
1. The real estate industry is highly competitive, with many agents vying for a limited number of clients and properties.
2. Building a successful career requires strong business acumen and entrepreneurial skills, as agents are often independent contractors.
3. Market conditions, such as limited inventory, can significantly impact an agent's success and ability to find suitable properties for clients.
Transcript
What is your biggest challenge as a real estate agent?
Being an independent contractor and running your own business isn't easy. It's especially challenging in a profession as oversaturated with real estate agents as this one.
It's an ultra-competitive profession with tons of agents out there. Everybody seems to want to be a real estate agent or thinks they can be. I'm sure at some point, everyone has had someone tell them they should get their real estate license.
In that capacity, it's just really competitive. There are a lot of agents, primarily in my market. It's a higher-end market with not a lot of inventory. So, it's not a big pie, and everyone is competing for a pretty small slice.
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