How to Start a Career in Real Estate: Barbara Corcoran
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Barbara Corcoran shares her experience and advice on starting a real estate career, emphasizing the challenges and rewards. She advises newcomers to work for a top-performing broker or team for at least six months to gain experience, build clientele, and learn from the best. Corcoran highlights the initial struggle (up to two years) before achieving significant success, contrasting this with the limitations of other industries like the restaurant business. While acknowledging the commission-based nature of real estate, she emphasizes the potential for high earnings and building a lasting, self-growing business.
Highlights
- 🏡 The initial hurdle: It takes approximately 1.5-2 years to establish oneself in real estate due to the time needed to build clientele and knowledge of the territory.
- 🤝 The shortcut to success: Working for a phenomenal broker or top-producing team provides invaluable training and immediate access to clients.
- 🚀 Long-term potential: Real estate offers higher earning potential and the ability to build a scalable business, unlike some other industries.
- 📈 Time commitment: Success requires significant initial effort and time, especially in the first 1.5-2 years.
- 💰 Commission-based work: Real estate agents work on commission, meaning income is directly tied to performance.
