Real Estate Mistakes to Avoid When Starting Your Career

New agent, rookie, newbie, upstart… whatever you want to call yourself, you just finished your real estate education and you’re in an all-new world. You feel all alone… and desperate to start making things happen. But mistakes real estate agents make at this stage can slow or stall progress, and that’s the last thing you need.

87% of agents fail within their first five years in the industry, and that is a pretty hefty real estate agent dropout rate. New agents face challenges such as lack of preparation, unrealistic expectations, and insufficient leads, and they need to be careful in avoiding costly mistakes. However, if you adopt a growth mindset, seek continuous learning, and leverage technology,  you can stay competitive in the evolving real estate market. 

So I thought I’d share some mistakes I see agents make when they get too eager, too cocky, too lazy, or just too oblivious to avoid them. It’s normal to be eager to jump in, but avoid these common mistakes that can hinder your progress. Let’s dive in and ensure you start your career on the right foot.


What is the biggest risk of real estate?

The biggest risk for real estate agents is the potential for fluctuating income due to the commission-based nature of the profession, which can be unpredictable and inconsistent, especially during economic downturns or market fluctuations. Additionally, agents face competition from other professionals in the industry, regulatory changes, and the risk of legal liabilities if they fail to meet ethical or legal standards in their transactions.

However, with the right mindset and guidance to avoid common real estate mistakes, you can take on these risks without hesitation.