According to the National Association of Realtors,87% of real estate agents exit the business within the first five years due to a combination of factors.
First, the industry often presents a different reality than the glamorous perception of easy money and flexible hours.
Many new agents underestimate the consistent effort required for prospecting, marketing, and networking.
Additionally, the irregularity of commission-based income can be challenging, especially during market downturns or for those without a financial safety net.
The competitive nature of the industry,
the need for continual education.
the costs associated with licensing and association memberships can further strain new agents
As a result, those unprepared for these challenges might find it more appealing to seek stability and predictability in other careers.