Real Estate Agents Frustrations
All careers have their ideal parts and the other side, which isn’t pleasant. Real estate agents may love their job with all the benefits that come with it, but at some point, they will have to face negativities head-on. Some real estate agents quit in their first year of working in this industry. If you don’t be careful, you could be among the agents who quiet at the beginning of their journey. Issues are unavoidable, and if you can’t deal with them in the right way, you will end up frustrated. Identifying the possible frustrations in this industry is a good idea to avoid getting surprised by what awaits.
One of the common frustration of being an agent is the client’s unrealistic expectations. Agents with experience will tell you how they often have to deal with the client’s unrealistic expectations. A good part of the job will be managing expectations from unrealistic ones to those that are more likely to happen. When clients disclose that they want more than they can afford, it’s often hard to let them know that what they want doesn’t go with what they can afford. Agents may have to deal with people who want more than their financial capability. It may be hard to tell them the bitter truth, and sometimes you may not end up in an agreement.
Irregular flow of income is frustrating factor agents have to face in their careers. Some months may be rewarding, while others may be unrewarding financially. This makes it hard to budget your money as what you will get now will differ from what you can earn next time. There is high volatility of cash flow in the business as those who expect to earn a certain amount on the next paycheck may be disappointed. Lack of a steady income flow can lead to unsettled bills or an agent’s failure to keep up with their expenses. An agent will be in real trouble if expenses surpass the income during a particular period. Some fall into debts or bankruptcy in severe cases.
Being a real estate agent means you will have to deal with endless paperwork or emails from clients. Responding to numerous emails within a short period can be tiresome to agents. Communication is important in the business, but sometimes you might have to sacrifice a lot of time and energy to get in touch with clients. Sometimes an agent may not have time to do other activities crucial to building their lives like having time with their families, building their relationships, or working out. Paperwork will also consume much time to sort and give attention to it. If you lack a strong time management strategy, you may often be too busy to do other important things.
Getting ghosted by clients after dealing with them for a while is also a bad side of the job. Imagine working so hard to find a suitable apartment for a client only to be ghosted later. This is very frustrating as you consider all the struggles you underwent to meet customers’ satisfaction. Clients will often come for an agent’s services then get the agent working on what is needed only to ghost them as if nothing happened. Any effort to try and contact them will be futile as there will never be any feedback. When this happens, learn to accept the fact and move on without being rude or frustrated. You will always find better clients and deals to work on.
Apart from the numerous emails and paperwork, you may be required to always be available for your customers. Being a real estate agent means you will have to work harder and always be available for existing or potential customers. An agent may be required to choose a medium of communication where they may always be available to ensure no customer is lost to another agent. You must always avail yourself of potential customers if you want to be successful in the field. Remember, the income here is determined by how hard an agent works, and the income is not steady, so they must seize every opportunity arising. Most customers don’t like waiting, and you may need to reach them fast if earning is the goal.