Enjoyed your post. As a sucessfull real estate agent, your familiar with the saying 10% generate 90% of the business.
A lot of us got into the business because we were over the age of 45 and no one wanted to hire us. And admit it, the real estate test is not very hard to pass, and even easier to keep your license current. I’m a perfect example.
I was specializing in selling VA repos to investors to rent out. Cash outlay was $5000 and back in 1999 you could collect 6,000 in rent per year. That dried up after a while for very obvious reasons.
Todays real estate agent has to be a reincarnated used car salesman. I compared the Real Estate Agent to the Used Car Salesman, with the assumption that they work off of commission. If you don’t sell something before the bills are due, you go home and sweat and get mad as hell at the least little thing.
There is no incentive for a real estate agent to tell you that you can’t afford to buy a house and just like a car dealer, he’s going to show you how to get the financing. If he can’t he’s going to have to move on.
I had to quit selling because I could not look into someones eye and tell them that “its a good time to buy real estate,” when the rental fundamentals failed. My wife says that my worst short coming is that I’m just too honest. Go figure
Hope this explains what I meant. From a suggestive implication, I was suggesting that a used car dealer could only screw you for 60 payments whereas a Real Estate agent could nail you for 360–that makes a real estate agent six times more dangerous (tongue in cheek)
:>) :>) :>)
