Ken's Naperville Real Estate Blog : I AM A HORRIBLE REALTOR!!

I AM A HORRIBLE REALTOR!!

My name is Ken Tracy.  I am a real estate agent with RE/MAX Action.  And I am a horrible realtor.

The story begins with the day I passed my licensing exam in October 2005.  I was as bright eyed and bushy tailed as they come.  I was going to knock the cover off the ball.

I had just read the book, "The Complete Idiot's Guide to Success as a Real Estate Agent" written by Marilyn Sullivan.  A very good book by the way. 

I signed on with RE/MAX.  Nobody sells more homes than RE/MAX, right?  Somebody should have explained how expensive it can be to pay to work.  Desk fees.  Gas.  Signs.  Lockboxes.  Realtor dues. Without any income.

Since then, I have sold my car, sold my home, had a beautiful little girl named Erin, moved twice, and finished off what was already a declining credit rating. 

I am honest, hardworking, and fair. 

I have knocked on doors, hung flyers, held countless open houses, sent mailers, joined a gym, spoke with countless people, made thousands of calls and sent millions of emails. 

I have gone to real estate training classes.  I thought Floyd Wickman's was OK.  Countless office meetings.

Hours upon hours upon hours of busy work.  Tinkered with my website www.kensfeaturedhomes.com

Started Blogging (Thanks Active Rain!).

My total commission in two and a half years has been $94,000.  I might get half of that. 

And the strange thing is, I still love my job. 

Keep rocking!

Ken

 

Comments

Sometimes loving the job is all that matters.  I would rather be a struggling laid back agent then a high powered stressed out CEO even for the big bucks............. I listen to all my relatives complain about their jobs daily.  Except for an occasional lender or buyer I would like to choke everything is good , on my own terms and fun key word as an agent.
Posted by DeAndrea "Dee Dee" Jones (Blu Skyy Realty, The Hampton Roads Real Estate Lady! ) about 4 years ago

Almost $100,000 for 21/2 years is not so bad in this, the worst real estate market in 75 years.

 

Posted by Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) about 4 years ago

It has been a real struggle for many of us who started in the business in '05, I'm one as well.  My incredible fiance has been my life line.  I've come so close to calling it a day, but in the end I know it will pay off.  I've invested and learned so much there is no looking back!  I'm sticking out and I love my job too!

Thanks for the post!

Gail

Posted by Gail Dieman Clagett (O. T. Clagett Realty) about 4 years ago

Surely makes you wonder when people say "Realtors don't do anything for their money". I have never worked harder in my life. But like you, I would never go back to my old corporate America, 8-7, travelling around the country and missing my kids grow up, job.

I wrote a similar post "We do more than open doors" in response to a gentleman I overheard saying we shouldnt get paid because all we do is "open the door".

Best of luck to you - you'll be fine. 3 years after getting my license I am finally seeing steady leads, referrals and my business growing, even in a down market...All the effort pays off - Rock on indeed!  

 

Posted by Regina Brassil, ABR, AHWD, e-Pro (True Sarasota Real Estate) about 4 years ago
Ken - I gotta agree with Lenn here, and I love your title.  Keep your head up bud, passion can go a long way.
Posted by Jason Sardi (I love kittens cute & My Jennifer!!) about 4 years ago

Ken..You only got 1/2 of the $94,000 you earned?Where did the other half go?

If the half went to improving your career(marketing expenses etc)...that is cool because you have to spend money to make money....if your broker got the other half....you need to find somewhere where you keep most of what you earn.

Posted by BLRGUY(Beach & Luxury Realty Inc) about 4 years ago

Hi Dee Dee, Lenn, and Jason.  You are right, of course.  It still doesn't pay the bills though!:)

Hi Regina and Gail.  There must be a lot of us out there.  Gail, I have quit countless times (at least in my head!)

Hi BLR Guy.  Probably 45k of it did go to the broker.  I agree it sounds crazy, and it probably is.  My thoughts are that my costs at RE/MAX are around 22k per year, regardless of production.  That hurts when you are at the low levels of production, but as you grow, I think it makes sense.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Hey Ken, Keep in mind that 70% of agents dont sell a home all year so you are at least in the top 30%!  The glass is more than half full!  BTW have you checked into EXiT yet?
Posted by Delaware Junk Removal Residential Commercial Hauling Recycling (DelawareJunkRemoval.com) about 4 years ago

Hey there Larry.  No I really haven't.  For some reason, I feel I will end up a RE/MAX agent.  I drank the cool aid:).

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Ken - most agents do not earn $94,000 in their first two years.  You must be doing something right.  And, it does get better.  Really.  It does.
Posted by Don Fabrizio-Garcia (Fab Real Estate) about 4 years ago

Hi Don.  Thanks for the kind words.  I do think I am doing things right.  The job is just way harder than I expected.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Ken- Good one, I was at Re/Max for 4 years and had a good experience but the residual income is keeping me at EXiT.  They would have to drag me kicking a screaming from here now.  haha
Posted by Delaware Junk Removal Residential Commercial Hauling Recycling (DelawareJunkRemoval.com) about 4 years ago

I started in 2004 and the first year was a bust.  Since my switch to RE/MAX things have gotten alot better.  My wife likes to say that my income is Ok but if I figured out my hourly wage I might be below minimum wage!   I still love it!

Posted by James Lockard - Realtor, Allendale, NJ (RE/MAX Properties - Saddle River) about 4 years ago
Ken - if this job was easy we'd be bored.  Enjoy it!
Posted by Don Fabrizio-Garcia (Fab Real Estate) about 4 years ago
First thing you should do is get rid of the attitude.  You are a great realtor.  Say that each morning and night five times.  And do more that you are.  Blogging and internet marketing is pretty inexpensive.  Keep trying.
Posted by Russ Ravary - Metro Detroit homes - Michigan Real estate & Mortgage info (Remerica Hometown One) about 4 years ago

The way I look at it is: if we can figure out how to succeed in this market, just think how good we'll be when the market improves.  You have to be in for the long haul...but sometimes it can be hard to stay positive.

Pam Dent - www.JumpintoGreenerPastures.com

 

Posted by Pam Dent - REALTOR Charlottesville Virginia Homes and Horse Farms (Montague Miller & Company) about 4 years ago

Keep doing all of the things you are doing, it will come.  Give superior service and you will build your business.  This is the time you will learn "real real estate" not the flash in the pan business that was going on for the past 5 or 6 years?  Stay strong!

Posted by Audrey June-Forshey, GRI, Gaithersburg, MD (RE/MAX Realty Services) about 4 years ago
Lol.... sometimes I feel the same way.  I heard myself telling my family the other day about all the free work I've done so far this year.  But, we just keep going and going and eventually something works out.  Hang in there!
Posted by Christina Moock, REALTOR Cutler Real Estate (Cutler Real Estate) about 4 years ago
Don't let your short-comings keep you from success. Every avenue you've attempted and failed at should entice you to seek new means of advertising. Try free avenues (Active Rain, Facebook profiles, myspace). If those don't work look into what you've done so far and how you can re-do what hasn't worked. If everyone is sending out standard brochures look into ones that are custom-shaped (stop signs for example). Not only will it grab your customers attention but you may also benefit from the theme a stop sign impiles (Stop! Look in here! Pay attention!). You can also look into producing an inexpensive dvd with a 2-5 minute advertisement. Creativity and uniqueness are the best ways to retain customers. 
Posted by Alan Robinson (PTE REAL ESTATE GROUP) about 4 years ago
Even if half of your commission income went to the brokerage, you had about a $50k run. I'm not sure what the median income is in your area overall, but $50k is not bad. Of course, this is over 2.5 years so your mileage may vary. You're not a horrible real estate agent -- you're a starter real estate agent, and we all had to start somewhere! :) I sure hope you're writing off your expenses, and all that fun stuff. If you started in 2005, and you're still in it when other agents from the Class of 2005 have quit running and screaming, then  you may as well admit that you're in it for the long haul and you'll just have to graciously admit to being a real estate addict. May I suggest one of my favorite books, titled Playing With the Big Boys & Girls in Real Estate by Debra Pestrak? It's one I give away to new agents, and it can be a real kick-start to the imagination. Good luck! Have fun with this crazy thing we call a career!
Posted by Theresa Grant ABR, ePRO500 - The Grant Group (Coldwell Banker Sky Ridge Realty) about 4 years ago
I know Realtors in our area that sell NOTHING their first year or so. Can you imagine that?  I cant - so take it all in perspective. It COULD be worse. Keep pluggin away - you are setting the foundation for future success.
Posted by Cindy Bock - Hendersonville, NC Real Estate (Bungalow Real Estate) about 4 years ago
Ken, sounds about right, the commission aren't so bad for a new agent.  The other stuff, I am glad that we are not only ones experiencing those things.
Posted by Tony Cannon, e-PRO & Darcy Cannon, SFR - The C Team (RE/Max Velocity Realty) about 4 years ago

Ken,

If 50% went to your broker, you might want to look for a local EXIT Realty office.  They typically have a 70/30 split at least here in Florida...unless you can negotiate a better deal for yourself...geeze until you pay taxes...

Good luck!

Posted by Karen Monsour,REALTOR®, SSRS - SELLS FL WATER FRONT, SHORT SALE EXPERT! (Coldwell Banker Fort Lauderdale Beach) about 4 years ago
Ken- Great Post! Very funny and honest.  Congratulations on your daughter.  If you don't mind, a few tips.  If you want your business to grow, concentrate your efforts on GENERATING LEADS.  Everything else is secondary.  Next, if you don't know where every single lead that produced that $94K came from, figure that out.  If you know exactly where your business is coming from, you will be able to concentrate your resources in the right places, instead of all over the place.  Put your money and your efforts right back into the systems that produced your $94k.  And most importantly, keep learning, keep searching and keep figuring "it" out.  And I have no doubt that you will!  Best of luck!
Posted by Kevin Bungert (ReMax Professional Group) about 4 years ago
Ken, I just started this year - you are scaring me.  I am sure that everyone has high hopes when they first started bu I would have to guess that most of the big earners have been in the biz for a while.  That what makes them big earners.  
Posted by Mel Miller (Soleil Real Estate) about 4 years ago

You've done well but if you're paying REMAX fees shouldn't you have a better split? 

Kathy Fisher Lexington TN REMAX Realtor

Posted by Kathy Fisher Sells Lexington TN homes! 731.845.3413 (Five Star Real Estate Services) about 4 years ago
If you love what you do then it can only get better.  Hang in there, your success will continue to grow, mark my words!
Posted by Chelle Gassan-NOVA Realtor and Stager (RE/MAX Regency and Staged Homes VA) about 4 years ago
Ken, don't be so hard on yourself.  I've been in this business for over 20 years.  Trust me there are plenty of Realtors out there who are much crappier than you!  Just kidding, 94k in 2.5 years is a good start.  Continue doing what works, stop doing what doesn't.  Good luck, buddy
Posted by Gerry Stark (REMAX Upper Valley) about 4 years ago
In what has been the worst market in years, you have not done badly to have just began the business. The market will improve and your income should as well. But that being said, loving one's job is great, but loving it does not pay the bills. Hang in there and all the best.
Posted by Benjamin Realty LLC about 4 years ago
Sounds to me like you did okay.  Lots of people make nothing their first year.  So just start counting on the second year! : )
Posted by Barbara S. Duncan, CRS, GRI, e-PRO Searcy AR (RE/MAX Advantage) about 4 years ago

Hi Ken,

I work at the firm BLR guy runs which is a great place to be...superior commission plans and great support from Rick and Cris. Good luck to you.

Lea

Posted by Lea Elise Swartz (LE Real Estate Group) about 4 years ago
You seem to have a realistic understanding of what you have and what it takes to be a success.  Good selling to you.chitra
Posted by Bill Gillhespy Fort Myers Beach Realtor Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) about 4 years ago

OK...I'm a new RE/MAX agent, broker, and owner.  I spent my entire career with Coldwell Banker paying a broker 60/40 split.  I would never go back. 

There is no more recognized brand, the training available is awesome, and the 95/5 split is the best offered by any brokerage.  Desk fees, and all the rest are negotiable items. 

Get a grip on your business plan, your costs, and figure out what made you the $94K and do more of it.  Also, by the way, that would be a pretty good salary in my market for your first two years.

Best of luck to you and your business. 

Posted by Anonymous about 4 years ago
Ken -- I love your candor. . .this is a great business,but you should only be here if you LOVE it and it sounds like you do. . .I wish you the best my friend, no one ever said it would be easy, but there should at least be laughs along the way!  Congratulations on the feature!
Posted by Lori Gilmore - Will County Illinois Realtor (Realty Executives Success - Short Sale Professional) about 4 years ago

Ken

I started in June 2006 and I hear ya!  Never worked so hard for so little.  I look at it as building the blocks to rockin' success when the market does turn around.  Better to be working hard and learning the basics in a down market than the other way around.  We're learning the basics and if we can weather the storm, we'll be sitting pretty when the market picks up.  On the other hand, in my market, I've seen agents who blew doors in 04 & 05 who haven't had a paycheck in 6 months.  Its because they didn't learn the basics!  Hang in there!

Posted by Cami Pinsak (Keller Williams Realty) about 4 years ago

Wow.  My first feature.  Very humbling.  Thanks to everyone who took the time to read my post.  
And thank you for all of the kind words. 

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Ken, loving what you do is the most important thing.  I wanted to be a Realtor since I was seven years old so I thrive on this. Just remember, when the going gets tough, the tough get going.  If you are earning $94,000 in this market, look out when the market recovers - you will be just rolling in it.  Congrats on a suiccessful start.
Posted by Lisa Friedman Central New Jersey Real Estate (Alliance Realtors) about 4 years ago

I feel your pain...  I seriously feel it.  Except I haven't moved and I have to drive my vehicle with value.  It is tough. 

And I love it too. 

Posted by Lane Bailey - REALTOR & Car Guy (Century 21 Results Realty) about 4 years ago
Hang in there.  I credit taking Floyd Wickman's "Sweat Hogs" back in 1989 (just before the market turned) to saving my career.  I still make money from the cold calls, expired listings, and FSBO's I called on.
Posted by Joe Virnig, "No Ordinary Joe" (RE/MAX Gold Coast REALTORS, Ventura County, California) about 4 years ago

Ken - Enjoying what you do is priceless.

You're in a difficult market, lots of Realtors, transient area, lots of new construction. I left Naperville in 2000. It's a world of it's own.

With your upbeat attitude I think you'll be okay as the market begins to turn. Hang in there!

Posted by Debbie DiFonzo - United Country VIP Realty, SW Missouri about 4 years ago

I feel for you man, more than you know!  You're doing well for your 1st couple of years in this business, but I know it's not enough given all the hours you put in and all of the expenses incurred.

I'm going into my 4th year now, and have done okay so far. It's been a bit of a stretch since I had my last check, though I have a few listings and a couple in escrow(finally!!!) I've been asking myself lately what the heck I'm doing in this business.  I've been working at least 12 hours a day, and with no check??? Hey, I MUST love what I do if I'm willing to do that. Hang in there!

Posted by Lisa Bosques about 4 years ago

Ken, welcome to the business.  A few thoughts: 

1) though it's okay to emote to us Realtors, you may not want to link from your professional website to a blog about your deteriorating credit score, utter self-flagellation and implying that real estate for dummies is the current extent of your skill set.  People want to invest a commission in agents that are confident in their abilities and have a detailed plan with accountability to sell their home/buy a home.  Chances are if you think you're a horrible Realtor, your clients/prospective clients will agree. 

2) Working for REMAX, your competitive advantage is not your lower commissions but your huge network, sheer numbers, higher volume per agent, massive advertising (NCAA tournament!) and 100% name recognition the world 'round.  Yet on your website, rather than playing up any of that, you advertise your reduced commission on your homepage!  Yikes!  Had you left it at 3% and fought and clawed and only negotiated half your transactions down to 2.5%, you would have made approximately $9,400 more (MATH:  $94,000 is 2.5% of $3.76M in volume.  3% of $3.76M is $112,800.  ($112,800-$94,000)/2 = $9,400)

3) You never win sharing your income with your clients (again, your blog is linked from your professional website, which I imagine your clients access).  It's a lose/lose.  If you made more than them, you're a jerk for complaining - if you made less than them, you're whining.  It's lose/lose.

4) Like the others have pointed out, you made almost $100,000 gross in 2 years - not horrible!  Take any of your successes from those two years and make it your blog, make it your focus, make it your home page on your website, make it your mantra, make it what you share with others.

Persevere Ken.  Good luck.  
Posted by Leonard Thomas (RE/MAX Dallas Suburbs) about 4 years ago

Hi Leonard.  Thanks for the feedback.  RE/MAX has all those advantages.  I agree.
I know my commission structure is not "the norm" but what the heck. :)

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Your broker was a client of mine in my realtor.com days, he was always forward thinking and commited to the success of the office and its agents. I'm sure there is some guidance to be had from someone like that, I to am a brand new agent, but the netwrk of professionals that I have surrounded myself with will elp me grow and learn and succeed. Hang in there...Michael
Posted by The Real Estate Group Luxury Home Specialists (Keller Williams Realty) about 4 years ago
It's been a tough year or two, but I certainly woudn't say you are  "horrible realtor" - Is that really what you want showing up in google searches for your name forever after?  It sounds like you're doing the right things, but you're handicapped by the market and your lack of experience.  Even the most experienced old pro is struggling, and we've hung in through several bad markets.
Posted by Margaret Woda, Maryland Real Estate & Military Relocation Services (Long & Foster Real Estate, Inc., Crofton, MD) about 4 years ago

Hi Michael.  My broker is great.  I just wanted to put some thoughts down.

Hi Margaret.  I am hanging in too.  We can hang together!:)

Thanks all for reading.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

Hi Ken,

I just wanted to share that I am also a new agent (started in the business in April, 2006) just as the business of real estate started its spiral.  Like you, I am with RE/MAX here in the Lynchburg, VA area and I do love my job and the company is incredible.  I had wanted to be a realtor for more than 20 years, but realized the importance of staying home when we had a family.  We had two boys and then a little princess (congrats on yours), so I didn't want to put her in daycare to sell anyone's house.  I waited until she went to kindergarten, and I am so glad to be here now!  The long hours are tough, but I agree with others who commented, if we can make it now, just think of the knowledge we will have and the experience when the market gets better, and we all know it will!  As for RE/MAX, just think, we may have fees (some locally call us FEE/MAX), but I can tell you I am never so proud as when I am up against other realtors for a listing and I come away with the listing because you cannot argue with the power of RE/MAX.  It is tough, and yes it is hard to pay to go to work every day, but working with clients and making them happy to be in their new homes is what makes it worth it.  Hang in there, oh, and do you know anyone moving from your area to Lynchburg, VA, I'd love to work the referral!  Good luck!  Nadine Blakely, RE/MAX 1st Olympic, Lynchburg, VA 

Posted by Nadine Blakely (RE/MAX 1st Olympic) about 4 years ago
There is no substitute for a positive attitude. The post by Leonard Thomas is dead on. Reread it Ken.
Posted by Robin Sherman Search Pensacola Homes For Sale - Pensacola FL Neighborhoods (www.PensacolaForYou.com - Grand Points Realty) about 4 years ago
Find and read Seth Godin...There may be some help for you there...
Posted by Joe Hayden - Louisville, KY Homes for Sale (Keller Williams Realty - Louisville East) about 4 years ago
Whether you think you stink or you think you're great, YOU'RE RIGHT!
Posted by ILM Realty about 4 years ago

Ken, I love your humble attitude and you did "grab the headlines". 

It took me 3 years of below minimum wages but I escaped, through hard work, and my avenue for success was CRS classes. 

Bottom line, if you keep doing the right things, you will succeed.  You already have.  I know this because I used to feel like you.  You will also keep pushing yourself till you are where you want to be just like me.  However you will keep moving the bar higher like me.   I wish you a wonderful career.

I enjoy Keller Williams now.  same kinda split as you, but if you have a slow couple of months you don't get the same shaft. 

I absolutely love what KW has enabled me to do.   That is sell more while spending time with my family nights and weekend. 

Posted by Guy Lofts CRS Real Estate Guy in Madison, Wisconsin (Keller Williams Madison Crossroads, Madison, Wisconsin) about 4 years ago
Ken, your honesty is so refreshing. Look at the bright side, you've beaten the odds by making it 2 years in the industry. Things (based on my experience and watching many agents over the years) tend to get much easier after year 3. Hang in there!
Posted by Seattle Real Estate|Colleen Fischesser| |Short Sale Specialist|So King County (RE/MAX Select R.E | Designated Broker/Owner) about 4 years ago
Hi Ken - This is a challenging market even for very experienced agents. What I'm glad to see in your post is that you seem to be driven more by passion than income -- and that will always lead to a rewarding career. Keep persevering and doing the right thing, and the money will follow.
Posted by John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace) about 4 years ago

Ken,

 Hang in there, and work on educating yourself everyday about the profession of selling. Read good books, go to Mikeferry.com for their free scripts & reports, seek out the best agents in your area and ask them what they do to succeed.  Jennifer Neiderbrock & Ron Wexler would be 2 people in your neck of the woods to talk with!

Michael

Posted by Michael Veri (Realty Executives Mid Florida) about 4 years ago

Ken,
If you want to cheer yourself up go read the National Association Of Realtors Member Profile 2007. You'll see how far ahead of the game you really are.

I remember my first two years. I started out the gate with a closing my first month and it was not even a relative ;-) After that not much happened so I got fed up and moved to Texas. Boom, I was making great money doing manufactured land home pakages and loans. It lasted about a year, then the oil bubble burst and the real estate market went with it. You could not give away homes, especially mobile homes on land. Had to move back home and live with daddy! LOL

Based on my reading of the member profile the real estate salesperson most likely to make $100,000+ net per year looks something like this: They are a broker who personally lists and sells and also has salespeople that they manage; they have been in the business for at least 15 year (time enough to build up 2 repeat business cycles as people tend to move every 7 to 10 years); and they work 60+ hours a week. Do that and you have a pretty good statistical shot at maintaining $100,000+ net income per year. (Don't you love all the stuff they leave out of the sales trainings!)

Your doing great based on the statistical odds of success in this business. Keep going and pray that things don't get any tougher. Last 5 years and you probably have it made, last 10 years and your odds are very good, last 15 and we'll all be asking you for advice!
Peace,
Michael

PS - Start investing as soon as you can. One of the biggest mistakes I ever made. I'll start my podcast soon give it a listen; I'll tell you all about what not to do and a lot about what to do if you want to use this business to build a $100,000+ net yearly income and $2.5 million dollar plus asset base.

Posted by Michael Palmer (by by) about 4 years ago

Hi Leonard.  Thanks for the feedback.  RE/MAX has all those advantages.  I agree.
I know my commission structure is not "the norm" but what the heck. :)

Just curious..."what the heck" makes no sense to me...you have to survive as well...get a better split...or why do what you do??? Don't work for free when you could probably double your income with a different brokerage...JMO.

Posted by Karen Monsour,REALTOR®, SSRS - SELLS FL WATER FRONT, SHORT SALE EXPERT! (Coldwell Banker Fort Lauderdale Beach) about 4 years ago

There are plenty of people that will sit behind their computer and tell you how good they are and how much they make, there are a relative few that will tell you how bad they are!!  I'm not about to tell you that anything your doing is wrong, because maybe it's right for you (even keeping this blog post public, I'm shuddering at the thought).  The only thing I can say is it sounds like you have a great attitude and you love what you are doing, so keep it up.  It does get better and you will start seeing the results of your hard work, it just takes time.

Congrats on the feature, I think :) 

Posted by Bryan Maynes (Dwellings Real Estate) about 4 years ago

Ken,

Real Estate is a relationship business. Your clients don't care if you work for RE/MAX, Century 21 or Mom & Pops Realty. The franchise is unimportant. Clients hire you because they want to do business with you. The "kool-aide" you speak of is everywhere. And you need not give up half your commissions to drink it. You might want to explore other brokers with better splits or even no splits. Just pay a per closed transaction fee. I spent three years at a C21 office (started with a 50/50 split) three years with RE/MAX over 25K annually in desk fees and now I pay $220 per closed transaction. In todays climate you need to watch every penny. Spend wisely and be wealthy.

Cheers,

Posted by David Swierczynski, Lake County, IL Realtor (Century 21 Hometown) about 4 years ago
great post. keep up the good work
Posted by Doug Jones Mortgage Broker NMLS 286668 (Mortgage Magic) about 4 years ago
Ken, Thank God you are not the average REaltor who only makes $20,000 per year!  Hang in there!  The tipping point is the 3rd year!  I know a really fast growing company that doesn't charge all those fees you talk about!  Congratulations on being a dad by the way I am assuming that you are available to help out with your precious daughter and still make above the norm for a Realtor right???
Posted by Exit Realty Showcase- Broker & E-Pro & REOS about 4 years ago

Ken, I TOTALLY feel your pain, guess what?  You are doing better than me!  BUT according to the public/consumers, I found out this week that we are OVERPAID and we do NOTHING....  All I know is that I am working my butt off for FREE! 

But, I, also like you, love it...go figure...Maybe we should team up and double our nothing! LOL

Posted by Kim Carpenter-Lake Winnipesaukee REALTOR -Lake Winnipesaukee Real Estate, NH (Coldwell Banker) about 4 years ago

Ken - congrats on the feature.  If I were you I'd change this to members only.  You can edit this post even after you have written it.  I don't mean to tell ya how to write just a suggestion. 

Next I wanted to tell ya what I've learned in business.  Having been self employed for all my careers.  I remember in my last business it took a 65k start up capital and 3 years before we broke even.  Twenty years later that business is extremely lucrative.  I've been a REALTOR for five years.  Started just before the boom in 2001.  My goal was to start small a build a solid business.  I did not expect to make big bucks initially.  Building slowly but with a strong foundation means you'll be here in the long run.  How many of those 60-90 day wonders that started in 2001-2002 are still here?

I don't think this industry is any different than any other in that the importance of building a solid foundation is the difference in being around for the long run.  It is one brick at a time, or one deal at a time and consistent follow up with previous clients and soon you'll have sold 100 or so homes and have 100 or so folks to call on a monthly basis to ask for referrals.  That is how it works!

Posted by Hampton Roads, Virginia Beach Nannette Turner Saunders (Associate Broker Keller Williams Realty) about 4 years ago
It does get frustrating some times but as you know the market its not great right now.  Hang in there.  Think of things in a positive way, not a negative way and good thing will come.  I am glad to know you still love your job.  Real Estate is a tough business.  Keep the good work up! 
Posted by deVismes P. Sharp, Talbot County Maryland Realtor (Benson and Mangold Real Estate) about 4 years ago

I don't think you did that poorly for your first 2 years.  I'm surprised you went with Remax as a new agent as that is not the norm for Remax.  I think the best way to get started in the business is to start as a buyer specialist with a top agent in your area.  I wish I had done that 10 years ago when I moved to Hilton Head.  A great way to learn the market from a pro.

Posted by Diane Bell, Hilton Head Real Estate, Bluffton (Charter 1 Real Estate, Hilton Head, Bluffton, SC) about 4 years ago
As long as you are loving your job that is all that matters, no matter how much money you make.
Posted by Jeremy Blanton (210 Consulting~ Social Media Advisors) about 4 years ago
I think your efforts are wonderful and encouraging. Keep up the hard work, if we can hang on in there through the tough times, you'll come out stronger.  Good luck to you Ken and all of us out there.
Posted by Alison Scott, North Georgia Realtor about 4 years ago

Your blog starts out like a AA meeting.

Anyway, being a Re/Max agent myself, I must say that I'm not too sure if Re/Max is a good place for any agent to start. Nothing against you, you seem like a fine agent and I welcome you as a brother, but you may have been better served in a more traditional office. Sitting floor time, collecting a client base, having a broker who could teach you the ropes (one way or another) and not having the pressure of the monthly bills. I don't know if others will agree with me but my personal belief is that Re/Max is for more experienced agents.

Just keep trying, you've made the commitment and that's a good thing. Never give up. It may be a little slower for you but you have to believe you will make it. Self confidence is an amazing draw. And, by the way, you are not a bad Realtor!

Posted by Ron Bodden (Re/Max 440) about 4 years ago
Keep up the good work, not a bad two first years, in a horrible market to start out in. If your paying desk fees shouldn't your split be 100% or no more than 95%? I was with remax for 11 years, 100% but I didn't have fees like that. About 22K a year. 
Posted by Missy Caulk-Ann Arbor-Realtor® Ann Arbor Real Estate (Keller Williams-Ann Arbor) about 4 years ago

Hey Ken,

 Glad you still like your job. We spend so much time doing it, so that's critical.

Just wondering what you're trying to achieve here? Want to just share? That's great.

Want to make more money? When I started onsite sales for a builder in '05, several of us made around that or more and I have been very blessed ever since. I don't know if that's a consideration for you. It's just a thought? I have a girl friendwho's a realtor in Beverly Hills, CA. I can't think of any area much harder hit than CA in the rapid appreciation and depreciation of real estate. I asked her what she was doing and since commercial and residential sales have an inverse relationship, she's just switched over to commercial for the time being. Sales is a numbers game - as Tom Hopkins says the only time you are really working is the time you spend in front of a qualified prospect who is willing and able to say yes to your product or offering. The rest of the time is busy work. Case in point, at a recent Keller Williams seminar, they were trying to make the point of the top producers incomes and spending time prospecting daily. The host had everyone hold up their hand who'd made 25k that year, everyone in the room's hands went up, then $50k, a few hands went down, then $100k, more hands went down, it went on and on like this until he got to $500k. To those with their hands still up he said how many of you spend at least 3 hours a day prospecting without fail? Every hand remained in the air. It's all about how you look at life - it's either full of abundance or full of scarcity. If it's full of abundance, then there's plenty of clients to go around for everyone, you just need to talk to enough people. The brokerage I joined made more than any other Dallas office last year - $790+ million. I believe my broker can teach me a few things about making money in this market. 

Anyway... if you're looking for a broker with maybe a better split or training, I'd encourage you to start investigating that. If you feel like you know enough of the training elements, maybe you'd want to go to one of the brokers that charge a per transaction charge? Maybe if you feel like you could use training in some areas - short sales, commercial, land banking, prospecting - maybe you could talk to some other agents in your area and find out which brokerage really excels at that. Invest in you! You're the treasure trove you have to carry around every day. Get what you need to take you where you want to go. If you've not decided where that is yet, make that a priority! Erin deserves that. :)

Most importantly, guard your mind. Do not let negativity enter. You don't have the luxury of being in a bad mood as T. Harv Eker would say. Those things you mentioned about car, house, credit rating that have happened in your life are just temporary. You have the choice of letting them simply be blips on the radar or defining moments. Success begets success. People want to be around people who are successful and confident and refer their circle of influence to those types of people. Don't worry about what other agents are doing - just compare yourself to your personal best and be sure you are on target there. Just my thoughts....

 

Posted by Terri Hayley (Plantation Homes) about 4 years ago
Years 3-5 is when all that marketing and time spent starts to pay off. Don't give up when you are so close to the prize!
Posted by Shannon Aldrich ~ NH & Maine Real Estate Seacoast (Keller Williams Coastal Realty) about 4 years ago

Good morning all.  Thanks for reading.
Just for the record, I love RE/MAX.  It was just a tough place to start.
The title of my post was written tongue and cheek.  It felt good to write, and I hope that it helped someone who is also struggling to succeed.

Anyway, thanks for taking time for my little post.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
I would say that your GCI is pretty dang good for how long you have been in the biz!  We have been in business about the same length of time and with my former broker and his high splits, we made about the same.  I made a change to a new broker who gives generous splits, lots of support and no fees.  Keep blogging, my goal for may 2007-2008 was to have 100K in active rain related GCI, hit it yesterday with a major closing!
Posted by Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale) about 4 years ago
Don't give up.  It takes time to build up a head of steam.   You are in the right place to learn more and it all adds up to success.  Keep going!
Posted by Cindy Jones-Northern Virginia Real Estate & Military Relocation Services (CJ Realty Group, Inc.) about 4 years ago
Loving your job is what it's all about, and one of the reasons I started by own firm.  We are small, but specialize and it makes it all the more amazing!
Posted by Cree Quaker - Ulster County Real Estate (The Machree Group, LLC) about 4 years ago
It's good to poke fun at yourself. Hang in there, it will get better! Go through your budget with a fine tooth comb and figure out what works and what doesn't. Proper budgeting will get you the best results and keep more $ in your pocket!
Posted by Kelly Sibilsky (Licensed Through Referral Connection, LTD.) about 4 years ago
Great Post, there are days that I feel the same way! You made the right choice to start with RE/MAX, I did not start out at RE/MAX and I wish I would have .......
Posted by Shannon Whitley RE/MAX OAK CREST REALTY (RE/MAX OAK CREST REALTY) about 4 years ago
If you keep at it, it will eventually work out for you.  Real estate is a lot harder than most people realize until they give it a try.
Posted by Brian Kreick (Willinger Real Estate) about 4 years ago

Ken,

Sounds like you are not adverse to hard work! You should be rounding the corner soon.  Most agents need a couple of years before the people they know begin thinking of them as REALTORS.  Once you have prospected enough to get some existing clientel, then you start getting refferrals from that clientel.  The longer you stay in the business the easier it gets.  For me, after 15 years, the bad markets are easier than the good ones since there is less competition over price and more over service and competency.

Posted by ERA Heavener Realty Co. about 4 years ago
Ken, it's definitely been a tough market for everyone, and certainly for someone who just got started in the field 2.5 years ago.  I admire your dedication and attitude.  Things will definitely get better.  You learn something new from each sale and each client, and each client opens the door to more business from referrals.  Good Luck and Hang Tight!
Posted by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) about 4 years ago

Hey Ken,

I just got my license 4 months ago and I am seeing how expensive this venture is to get started! I am lucky to have great agents I work with, they have  helped me along the way so far. I am with you on my feelings with my job, I love it! I spent 12 years in a foundry and even though this is a rough time for a realtor I will take it anyday over going back to factory jobs I absolutely hated.

Rob

Posted by Rob Lynn (Exit Real Estate of Ludington) about 4 years ago
Great Post! I felt like I was reading my own words. I too just had a daughter along with everything else. It seems that both my wife and I pay to work- she's a teacher. I know that it will all pay off in the long run.
Posted by Rob Muller - ABR, ASP, RCC, CNHS, LREA Cherokee County Real Estate (ReMax Town & Country) about 4 years ago
Persevere.Sounds to me like you have all the right stuff to excel in this business.If, as they say," Attitude is Everything",you can't miss!
Posted by Nancy M. Alexander, Realtor®, CRS,e-PRO Stone Harbor & Avalon Rentals & Sales (Diller & Fisher Realtors,Stone Harbor,N.J.) about 4 years ago
Hi Ken Thanks for your help today.
Posted by Peter Shamburek (Peter A. Shamburek, Attorney at Law ) about 4 years ago

Ken -

I weighed the return I was getting from my broker costs vs. the return I could get by spending that same amount of money marketing my own name. I figured out on an average year I could get the same ad in the paper as my broker (but the whole page would be just for me), or about 75-250 local TV commercials or a year long 1/2 a week call in radio show on a highly rated local station or any combination of the above.

I went with a lower priced broker who doesn't have the overhead of a large firm and have never looked back. No matter where I go from now on, people are associating my name with Real Estate - period - not remax, real estate one, etc.., It is the best thing I ever did for myself and in the internet age, even posting here on active rain helps my profile grow and my search engine rankings rise. And I am do nothing different that the original brokers who started the large franchise offices did. The model works and it is proven.

best of luck and keep at it.

Posted by Jason Gault, Ortonville, MI Real Estate Agent (Real Estate One) about 4 years ago

Hi Jason.  Good points.  Thanks to everyone for reading.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

Keep Going!  I firmly believe that quality over quantity in the long run will really pay off.  Just work on a biz plan and GET CREATIVE!!!  Think outside the box for how to draw the folks in.  I really think it takes several difficult years to truly get yourself off the ground.  Hang in there!

Posted by Emily Lowe - Nashville TN Realtor (The Lipman Group Sotheby's International Realty) about 4 years ago
Too many are under the assumption that this is an easy business and that you can walk in, sit down and start making money.  Keep your chin up, perservere and things will keep growing for you.  The love of your job is what really helps.
Posted by Sandra Workman, Broker ABR, CNHS, RCC, ePRO, (Rosenboom Realty) about 4 years ago
I started in late '01 and '02 I would just show up and I made $40,000 without even knowing what I was doing only working 20-25 hours a week! You Realtors that started earlier have the mental edge. I keep going by wanting to be around when the cycle returns to the easy days. Any one wonder how long we all will wait?
Posted by Gary & Melynda Wolter CRS (Relocation 319-350-7901) (Iowa Realty) about 4 years ago

Hi Sandra and Gary and Melynda and anyone else I missed.  I feel lucky to start when I did.  The business has been tough, but it is forcing me to learn the basics.

Thanks for reading,

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Hey Ken, real estate like any other business is tough. If you survive the first 5 years, you'd probably be OK. You are half way there, so just keep it up and I am sure it will pay off for you.  
Posted by Mina V Garrey - Commercial Capital Properties, Los Angeles, CA (Commercial Capital Properties - License #01768282) about 4 years ago
Great post Ken.  No one should plan to struggle, but when it does happen you just need to keep your head up and try to ride it out.  If you keep doing the work, the money will come.  And it doesn't hurt to love your job also.
Posted by John Estheimer, REALTOR/e-PRO (Keller Williams Real Estate Media PA) about 4 years ago
Very funny post Ken! I too am a REMAX agent and a neighbor down the street. Hang in there!
Posted by LaNita Cates (REMAX of Joliet) about 4 years ago

OMG!!!! Ken, don't talk about yourself that way!!!

Constructive Critisism here - Take your discount off your website.  If I were selling against you --- you'd be dead in the water!!  You can't do a service to your sellers if you are paying less than the "typical" 3% co-broke!

At one time I worked for a discounted fee basis - I did the whole job of a full - service fee and was selling myself short!  Now, my past clients still come to me - at a full fee based service for their real estate needs.  They will pay for your service!

Good luck.

Posted by April Hayden-Munson Realtor® Brookfield Wisconsin Real Estate 414-617-6728 (RE/MAX Broker Assoc. www.movewithapril.com) about 4 years ago

Hi April.  Around here, the co-broke is usually 2.5%.  I pay that out on my listings.  I actually just put that commission part in my site.  I like it.

I do not sell at all.  My listing presentation is "How can I help you?"  That is hard to compete with.

Thanks for reading.

Ken

p.s. you are feisty.  that is good. :)

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

I have also started in 2005 (I am from Canada - but the market is the same!) and in 2.5 years I have sold 4 houses. It is nothing better than seeing happy people after you found their dream home and they have moved in! And I think this means to love your job! And I still think that my time will come sooner or later with great rewards! So, I keep going!

Good luck!

Posted by Liliana Stefan about 4 years ago
Ken Best of luck to you. Starting out in a tough Real Estate environment will only make you that much stronger when things turn around. I started my career back in 1986. Shortly there after the stock market crashed and the market did not get better in Massachusetts until 1994. I survived and become that much better than everyone else. Always remember to invest back into your business - this is key. There are way too many Realtors that miss the boat on this.
Posted by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 4 years ago
Ken, I became a RE/MAX agent after staying with another company for 16 years.  Four years later, I know I came to the right place.  With the help of Leadstreet and Active Rain, my advertising expense went from over $50,000 a year to less than $10,000 for this year.  Sure helps the bottom line.  Thanks for joining RE/MAX Active Rain Bloggers.
Posted by Kay Van Kampen–Springfield, Ozark, Nixa Greene County Missouri Real Estate Agent (RE/MAX Broker, RE/MAX Solutions) about 4 years ago
dont forget the $1500 per month in health insurance..............  tough time dont last, tough realtors do!  We will clense the market, and get things back to normal and the strong will survie, the RE/MAX Agents will survive! 
Posted by Mark E Russell (re.com) about 4 years ago

Hi Kay.  Thanks for reading.  I do love RE/MAX.

Hi Evan.  Thanks you for reading as well.  Evan, if you are there, I tried to send you an email and it was sent back.  Your address should be remax.net I believe.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Sometimes the things we love aren't the biggest money makers! After all, money isn't everything. However, I bet that little girl is everything!
Posted by Christy Powers - Pooler, Savannah Real Estate Agent (Keller Williams Coastal Area Partners) about 4 years ago
ken thanks for the email catch, that was a silly typo! Keep on trucking my friend, remember craigs list is your friend, 8 million hits a day, for FREE!!!!!!  take a peak at craig proctors stuff to if you havent already, might be worth 750.  I get 5-10 leads a day from his stuff that i post on craigs
Posted by Mark E Russell (re.com) about 4 years ago
ken thanks for the email catch, that was a silly typo! Keep on trucking my friend, remember craigs list is your friend, 8 million hits a day, for FREE!!!!!!  take a peak at craig proctors stuff to if you havent already, might be worth 750.  I get 5-10 leads a day from his stuff that i post on craigs
Posted by Mark E Russell (re.com) about 4 years ago

Hi Ken, I enjoyed reading your blog. Backpage.com is also a good place to advertise for free.

Posted by Anonymous about 4 years ago

Ken, What a great blog!  I enjoyed reading every word!  I am with RE/MAX as broker/owner in a very small market.  I also started my career with RE/MAX in 2004.  I believe that RE/MAX is "Above the Crowd" and very proud to be associated with such a great organization!  We opened our office in October 2005 and instead of listing and selling during the Florida "boom" of 2005, I was busy scraping wallpaper, painting, etc., trying to get our office opened.  As luck would have it, we opened our doors just in time for the market to drop. 

I believe you are in the right place!  RE/MAX offers their agents a great online training program as well as many other opportunities to grow your business.  I also am a FIRM believer in treating your clients like family.   They will always remember you and refer you to their friends and family.  One of the best ways to excel in this business is from referrals. Don't be afraid to ask for them.  When you have your car serviced, ask them to remember you.  The clerk at the grocery store needs to know who you are and that you are always looking for new business.  By treating your clients honestly and fairly, your business will GROW! 

I love your attitude as well as your dedication to your Broker.  I think you are doing a great job and off to a great start!  Keep up the good work and enjoy your new baby! 

I'll be interested in keeping up with your progress! 

 

 

Posted by Laura Shirley, RE/MAX Realty Plus II, Lake Placid, Florida about 4 years ago
Hi, sould like you have done everything you can , and it does look as if it is paying off.  My sales were down from last year, but just look at all the bad advertising that is out there in the news!  Keep postive!
Posted by Kathy Honeycutt about 4 years ago
Keep up the good work!
Posted by Dane Briggs, GRI, ABR, CNE, MRE (Firebird Realty) about 4 years ago

Hi Kathy and Dane and Laura.  Thanks so much for reading.  This post sure has legs.  Maybe I should write how "horrible" I am more often. :)

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
"Horrible" would be to quit doing what you love.  I'm 15 years in this business and still love it, even with the ups and downs.  Did Floyd and he was OK - a good start.  Check into Brian Buffini - he and his staff are awesome!  You have a great attitude and will make it through.  Stay positive!
Posted by Chris Ruszkiewicz~RE/MAX Realty 100 Metro Milwaukee, Wisconsin (RE/MAX Realty 100) about 4 years ago
Oh my god.  I am you.  Literally that is my story.  I thought it was because of my age, or inexperience.   I guess not.  I was thinking about quitting, seven months with nothing...  I really like my job, and that is why I am still in it, still making nothing,...staying for some reason.  Notary is all that gets me by... BEST post I have seen, so true - no lies...honest truth.  Thank you.
Posted by Shane Smith (Remax/ Olson) about 4 years ago

Ken,

Kudos to you for speaking what many others know as fact but are ashamed to admit!  Real estate is definitely a difficult job - otherwise we wouldn't have an 80% dropout rate!  Keep pushing though - it sounds like your success is at least a couple blocks away, if not around the next corner.

I wish I had you in SC working on my team!

 

Posted by Bill Kennedy - Homes For Sale Greenville SC (Keller Williams Realty Greenville Central) about 4 years ago

Cute article!  You could always moonlight as a writer if you wanted....oh wait, you are moonilghting as a blogger! 

 I didn't get the 'Complete Idiots Guide to RE', but I did get 'Success in RE for Dummies' which was also a good book. 

Keep up the good posts!

Posted by Meridian Idaho Real Estate ~ Pam Pugmire (Silvercreek Realty Group) about 4 years ago

Hey Ken,

Keep up the hard work!  The reason that nobody in the world sells more homes than RE/MAX is twofold.  First, most agents can't afford to work with RE/MAX unless they are already selling a lot of homes.  Second, there are a ton of RE/MAX offices worldwide.

I'm with RE/MAX, and I have to day it's been a great experience.  (And I am a picky person!)  The best for me is the camaraderie and support.  We all seem to understand there's plenty of business out there.  If we share our "secrets" with each other, we can ALL make a lot of money.

After all, we could tell 20 people EXACTLY how to make $120k a year, and only one person would actually do it.  ;-)

Posted by Tony Fantis, Realtor , Principal Broker - Salt Lake City (Fantis Group Real Estate) about 4 years ago
Stop, drop, and roll.  You are on fire!  Keep up the good work, kid!
Posted by Marc DeSantis (Countrywide Home Loans) about 4 years ago

Hi Chris, Shane, Bill, Pam, Tony, and Marc (and anyone else I missed)-  You all are late night readers.  Thanks for reading and the nice comments. 

Bill, down in SC you have year around golf and fishing, don't you?  When can I start! :)

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
You sure got everybody talking!!!!Sounds like when your payoffs start rolling in....they are going to be huge.  Keep plugging away!!!!
Posted by Jennifer Harris, E-PRO (RE/MAX Affiliates) about 4 years ago

Ken,

 

Let's just hope your competitors don't read this and take along for the listing appointment!  Then you will really be unhappy!  Try getting coaching as it will circumvent the hard knocks approach and then you can just follow what other successful people before you have done.  Cost more upfront, well maybe...

Posted by RE/MAX Premier Property Showcase about 4 years ago

Hi Jennifer.  Thanks for reading and the encouragement.

Hi Rick.  Probably a good idea.  However, I am coached out.  I actually think that my post would help me get clients.  I hope they would like my honesty.

Anyway, thanks again for reading.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Well I'd say the true BLESSING her is Erin ;-)  and by the way, $94,000 in 2.5 years ain't chump change! You're doing great!  When the market comes back around you'll still be here!  In a way coming in as a rookie in '05 is a blessing.  You have no bad habits to break and you know what it's like to be in a hard market.  Wait, you'll LOVE the fair market!  I loved your honest approach!  Keep on keepin' on, you made me want to and I'm a 12 year veteran ;-)
Posted by Sharyn Krim (Keller Williams Realty) about 4 years ago

Ken, I thought I was reading my own blod for a moment!  Keep up the hard work....the ones who keep at it will make it!

Posted by Main Line Real Estate - Christopher Benedict (RE/MAX Main Line) about 4 years ago

Hi Sharyn and Christopher.  Erin is definitely a blessing.

Thanks for reading and the support.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

There is nothing horrible about what you have done since you have started. You are active, persistent, and have perseverance. That makes you a great Realtor and sales come with time & experience. You can have a low overhead yet still have a good income. You just have to analyze your marketplace and see what you can do with it. The key aspect of success in this market is to work smart not hard!

Keep On Rockin!!!

Posted by Fred Sed Orange County Short Sale Realtor (Orange County Short Sale Foreclosure Leasing Realtor) about 4 years ago

Hi Fred.  Thanks for the support!

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
Great post Ken...I'm starting year 3 myself and I've never spent more money in my life keeping my career going...BUT, I enjoy this so much I wish I'd done it years ago...Have a great weekend!
Posted by Ernie Steele ~ Lebanon, PA Real Estate ~ 717-273-3774 (Prudential Homesale Services Group) about 4 years ago

Ken - Wake up and channel Stuart Smalley (am I dating myself ) everyday.  When I first started in this business I used to say to myself at least twenty times a say I am smart, I am beautiful & I make $10K per month. It was even my screensaver on my computer...I used to get alot of flack for that and I know that may seem odd to some people and maybe even a little insane...but guess what..within 2 months I may not have been beautiful and not everyone thinks I am smart...but I sure was making $10K a month.  What is the saying...you have to name it to claim it.

I would be interested where you are at in 2 months if you come up with a daily mantra...let me know...just for kicks...good luck...it will come ;-)

Posted by Palm Coast/Flagler County Real Estate The Ross/Collins Team (Prudential Warren Real Estate) about 4 years ago
Ken, The first 3 years are typically spent building your business...after lots of hard work, which you are obviously doing, it should be all down hill from there for you! I think you have done very well, starting up in a declining market. Hats off to you! You are going to have a great business. Elizabeth
Posted by Elizabeth Cooper-Golden Huntsville AL MLS - (Huntsville Alabama Real Estate, (@ Homes Realty Group)) about 4 years ago
Ken, The first 3 years are typically spent building your business...after lots of hard work, which you are obviously doing, it should be all down hill from there for you! I think you have done very well, starting up in a declining market. Hats off to you! You are going to have a great business. Elizabeth
Posted by Elizabeth Cooper-Golden Huntsville AL MLS - (Huntsville Alabama Real Estate, (@ Homes Realty Group)) about 4 years ago

there is a well known sportscaster for the utah jazz who says "you gotta love it baby"  that is how i feel about real estate...the jazz too

Posted by Lisa Marie Thomas (Prudential) about 4 years ago
I purchased a REMAX franchise in 2005 after working for another firm for 18 years.  Bar non-REMAX is a blessing to me, my agents and our community.  The owner trainer in Denver told us..."if you are REMAX in a small community, pack your stuff up & go back home...you will see doors closing in your town, when REMAX arrives".  It is true....only 7 firms when we opened and 3 closed within 1.5 years after our "Market Presence".  We have dominated the market since our second month in operation, last year produced more than all other firms put together!  We love it!  Very little is the strength of Me and my co-owner...it is REMAX!  I promise you that your earned professional fee is much greater than if you were with xyz Realty.  Good Luck to you! 
Posted by Jamie Moss-Godfrey, GRI, CRS, ABR, CRB, ASP (RE/MAX Tri-City Realty, LLC) about 4 years ago

Keep up the good work.  It will get you through this market and you will come out smelling like a rose!

Posted by Bill Exeter (1031 Exchange Expert) (Exeter 1031 Exchange Services, LLC) about 4 years ago
Ken - Most of us felt the same way when we were new in the biz.  I remember I was always writing checks--never receiving any!  You'll make it, but it takes time.  BTW, I lived on Sussex Rd. and in Hobson Village back in the 70s.  I still love Naperville/Chicago!
Posted by Norma Toering Palos Verdes Homes in Los Angeles Area (REMAX Palos Verdes Realty Broker Associate Lic# 01147470) about 4 years ago

Hi Norma.  I live in Maplebrook, just a few blocks from where you were.

Thanks again for reading everyone,

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

Hi Ken,  Want to build your business?  Add the names of all the amazing Realtors who responded to your blog to your CONTACTS.... market for referrals :-)

I admire your honesty, you are not a horrible realtor, just one who cares, loves his job, and can make a difference ~ it takes realtors like us a little longer to "gear up" but just wait, I bet next year you will be blogging about how busy you are!

I am a Hawaii RE/MAX Agent and my business got better by using the RE/MAX name to get RE/MAX referrals.  Call me or email and I will help you find helpful hints and tools at www.remax.net to get you more business!

 Jamie, RE/MAX Kauai www.AllHawaiiIslands.com

Posted by Jamie Friedman, Kauai Real Estate Connection (Prudential All Star Realty ) about 4 years ago
I see so many get in the business and then find out how tough it can be.  I guess I am one of the lucky ones who was in the industry many years ago and knew what to expect and had a business plan.  I too love what I do, but did not have to sacrifice near as much.
Posted by Randy L. Prothero - Hawaii REALTOR® (808) 384-5645 (Century 21 Liberty Homes ) about 4 years ago
Ken, hang in there.  These are tougher times but if you can keep your positive attitude and work ethic you will be great!
Posted by Lake Norman Real Estate ~ Diane Aurit (LKN Realty, LLC) about 4 years ago

Hi Ken, I must echo Leonard Thomas's views as he expressed them. I just went to your site and this post is available to your consumers. At least you should think to amend this to a Members Only post. Beyond that Leonard's comments really get to the heart of this and Margaret's comments also speak to the fact that this post in public and you are clearly suggesting in the title that you are a bad REALTOR. Nonsense. However, If a competitor ever said that in public, they would or at least should be charged with an ethics violation. Until they march into the hearing and show this post , Titled " I am a Horrible REALTOR. You could still amend your title to make it read as a Question? Thought I would share these thoughts. I certainly do wish you every great success and you have inspired in many readers , compassion, and a willingness to help in a number of ways. Welcome to ActiveRain and I hope this year finds you blessed with great success.

Posted by San Diego Real Estate Voice authored by William Johnson GRI CRS e-Pro CDPE (RE/MAX Associates) about 4 years ago

You're averaging about $3133 per month and in this market, that  is about average depending on hwere you are regionally.  The problem for most professionals new to this business, is that there can be and often are long periods between closings-which the feast or famine of this business.

You'll be OK- hang in there! 

 

Posted by St.Cloud Homes about 4 years ago

Hi Jamie, Randy, Diane, William, and Allison.

Thanks so much for reading.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

Hello again.  Just thought I would revisit this favorite!

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago
You have what it takes Ken. Hang in there. You will be one of the good ones.
Posted by Tigard Oregon Homes for Sale, Wayne B. Pruner, Realtor, GRI (Oregon First) about 4 years ago

Thanks for saying that Wayne.  Thanks for reading.

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) about 4 years ago

Wow.  Over 1500 clicks proclaiming my horribleness!

Ken

Posted by Ken Tracy Naperville Illinois Real Estate (Keller Williams Infinity - Naperville) over 3 years ago

Hi Ken,

Really good introduction. Do smart work. all the best.

 

Best -Sash

Posted by Sasha Miletic - Windsor Real Estate (RE/MAX Preferred Realty Ltd.) over 2 years ago

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