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Today: 20.01.2018 - 03:28:55
   Canada Mortgage Hub Discussion Board -> Mortgage Vancouver -> What are the challenges of being in Real Estate?
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nikolas42

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What are the challenges of being in Real Estate?
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rn88

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The major disadvantage is that most real estate agents have been starving for the last 2 yrs. The agencies that have contracts with banks to list the foreclosures are barely scraping by, not really making a living. The majority of the real estate selling right now is foreclosures and the commissions on them is really, really small.
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racpacelli

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I have personally interviewed a handful of real estate agents who say it's a great career because you are providing a reputable service for people who need a home. But I would not personally enter that career because there are weeks and months of seminars you will have to take in sales and other departments. There are seminars in staging homes for sale, mortgage management ad a slew of legal rights your clients have.Foreclosures are the hardest thing to address in that career, because you have to know that whoever you are selling the house to understands everything they're agreeing to. You will also have to go to boring closings when someone closes on a house and you will have to work with banks.It's a great job in general because you get to work with people and I think it's in high demand BECAUSE of all the foreclosures - people need agents to sell homes. It can be competitive, too, since some developers are looking to buy properties from real estates and do whatever they want with a chunk of land. People who go into real estate usually own property to begin with or buy rentable property afterwards, so it would be a very time consuming career that would certainly keep you on your feet All the best ~D
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