I Regret Becoming A Real Estate Agent... let's chat
ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Seattle Real Estate Channel: / @monicachurchrealtor
need help finding an agent, want to work with me, or any other real estate related inquiry: monicachurch@cbbain.com
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I have been in a major reflection mode ever since I crossed the 1 year mark of being a real estate agent, and honestly... I am having some regrets.
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A lot of realtors don't sell ANY houses in their first year. A lot of realtors don't come close to selling 20 houses in any year. I work in a market that is extremely oversaturated with realtors and only had one sale in my first year. I think already having a massive online presence was a major leg up for you. Not saying you don't deserve it/didn't do the work, but consider yourself lucky.
Yeah, my first few years were a Greek tragedy. It's a lot better now. 🤣🤣
In the video she addressed this. She said 19 of those 20 clients/sales were from TH-cam, which is super cool!
Good point!
@@Suroki she barely addresses it without really thinking about the privilege she has.
What do you do if you're not physically selling houses? Here in Australia the houses kinda sell themselves so I don't get how it works. You just list and sell every place you are responsible for.
I just heard someone in their 70s saying "I was SO young back then, I was 35" and it really stuck with me. It felt like why do we need to rush and figure life out in our twenties - if we do it's great, but if we don't it's also great😃
Love this! 🙌
Love how open both you and Shelby are with sharing finances. It’s so helpful and should be more transparent and openly discussed, especially among women!
This 👏
I'll be honest, I think you told your "millennial life crisis" story when you first became a real estate agent is an issue that a lot of people in their 20's.
Once you enter a new stage in life, we expect everything to just click and be figured out, when that is never the case. Checking the "life boxes" of buying a house, getting a well paying job, enjoying your hard earned money does not mean the "life crisis" is over, you just entered a new chapter with a different set of questions you begin asking yourself and figuring out.
I've always loved your content, but was turned off when you posted your "quitting TH-cam" and "my millennial life crisis is over" because that was a whole 180 of what your channel represented, that at any stage in life you are allowed to question what you want. Life is never all figured out...
She seems like the type of person to have everything go to plan. Which is why I think she’s feeling hopeless with this new job.
When most of us have no clue what we’re doing.
What you said was perfectly explained!
Yes, this comment captures exactly what I felt when I saw that video. You never have life completely figured out. There is always something to continue leaning from. Whether is love, family, work, health.. etc. You just get better at dealing with the curve balls that land your way. Monica is still young. She'll find her way. I do appreciate her honesty about this experience.
brenna you're so wise! i am very much a geriatric millennial with the good job, partner, wonderful lifestyle and I just have new/bigger problems to worry about. do I take this new job in a new industry? to have kids or no kids? hawaii or bali for winter vacation? j/k but definitely life is always finding new curveballs. i always say life doesn't get easier - you just get stronger.
@@nottheone582 Absolutely! I always have to remind myself that despite where I am at in life and no matter how trivial the stressors in my life seem to others, allow myself to process those questions and make mistakes. If life were filled with easy to answer questions, it would be so boring. (also try Bali since I've always wanted to go)
Monica, thank you for this video. I tried real estate for four years in the early 2000s, but got out of it because of other agents. I learned that even though there are laws to protect buyers and sellers, there are MANY agents (who belong to the Association of Realtors and know exactly what they are doing), who are so cut-throat and money/power hungry that they will do things that just barely skirt the boundaries of ethical behavior just to close a sale or get a listing. Of course there are many Realtors who are kind and ethical people, but as you know, you are on your own as an independent contractor, having to carefully read through contracts and disclosures and look out for your clients and ultimately yourself. My last client was a sweet little old lady who had a certain amount to invest in three properties equally to pass on to her three children after she was gone. The selling agent pulled an underhanded scheme to get the extra $1000 his client insisted on. In the end that agent and I split that $1000 out of our commissions, because my manager said what he did was so close to violating ethics, (but not quite over the edge.) If I had it to do again, I would work under the wing of an experienced and ethical real estate agent, rather than go it alone as I did many years ago. I still love houses, land and real estate, but only as an investor myself. I wish you the best as you follow your heart. 😊❤
But do you need a path? Why not just go with the flow and focus on doing what you like? I feel like when you are the happiest and do what you love you would thrive
sometimes doing what you love for a career/money actually ruins your love for that thing though, at least that was my experience.
I think it depends on your personality type. A lot of people need specific purposes to feel fulfilled, some can just go with the flow! 😁
@@justayari que adorable
success is the realization and pursute of goals. if you dont have a goal and u arent striving for it you cant be successful. you undoubtly need a "path"
I thought I needed to have everything figured out by 27 and in looking back, I kick myself because I was doing just fine in life. I work with 28 year old's that are going through the exact same thing you are...and what I went through...and its the same. There is no point in time that you wake up and "have it all together"...it doesn't exist...as long as you feel like you are still learning and growing and enjoying those you are surrounded by...you are on the right path. Don't be so hard on yourself...you are doing just fine.
I have been an agent for a year and I am so conflicted. I want to quit and pursue my passion of working in Healthcare. I used to work in Healthcare but had to stop and became a sahm. Now my kids are older and in school so I decided to try real estate. I am in a great brokerage. I get leads from my company and have a decent split. I closed 8 deals my 1st year. I just feel so burned out and honestly I do not like the profession. I have buyers right now but they are not serious. They are pre-approved and have been touring houses but they are being very difficult. I have no work life balance and don't spend time with my kids or spouse. I honestly haven't made a whole lot after fees taxes and splits. It just doesn't seem worth it. I am mentally checked out.
You will always have TH-cam in your blood. I really appreciate your open honesty in some of your videos. I spent multiple years in higher education, i.e. AA, Bachelors, and a Masters degree. A lot of stress and pressure. It's good for recognizing boundaries. Keep both occupations, maybe throwing in a vlog monthly or so. Thank you for all that you have done as a Influencer!
Monica I just closed on my first condo and wanted to say how much I appreciate all your real estate content. I’m the same age as you and seeing you pursue property inspired me to do the same. Thank you for educating all your viewers. I don’t think you should regret the experience as an agent! Think about all you have gained outside of TH-cam. It has been such a pleasure to watch your professional and personal growth on this channel. I’m so proud of you!
You never lost your talent (or skill) to make videos... that's IN you. Your channel was my favorite even before you became a Real Estate Agent... The way you tell different stories and how you choose to show that through your camera, is what makes you so amazing, so I'm here for whatever journey you decide to take!
Hi Monica, I'm 29 and just quit my job. I'm asking myself questions about my future that I thought I already mastered, but it doesn't work that way! Embrace what you have going on because it's part of the process/evolution. Everyone is figuring it out at their own pace. Love your content and we just appreciate you for being you!
i can really watch a video of you or Shelby pretty much doing anything. you guys are so authentic and its veryyyy enjoyable!
I need more content like this
I think it's great that you got your Real Estate license, are good at it and enjoying it. But, your vlogs are so good! I loved when you did the old house tours, the Millennial Life series, etc.. you're just easy to watch so whatever you post will do well. Maybe more travel vlogs or other fun lifestyle stuff? Anyway, whatever you wind up doing I will be here to watch :) Good Luck!
I'm super glad that you took on the challenge of gaining a new skill. I think a lot of 'youtubers' forget they can still go out and become something else...and still do youtube. It's cool that you took us along for the ride. I am honestly addicted to learning new skills.
I’m the same way! I have a masters degree in special education but I too am addicted to learning new skills even if they have nothing to do with my job.
I think for your first year in sales- you’ve probably made north of $180K in commissions. just taking into consideration the red hot Seattle market and your killer marketing skills. Love your content 🙏🏾🤍 - Marty from Boston.
Is millennial life crisis 😳 back???? Cause I'm in need of some new merch!!!! Please come back!
You could be like a real estate agent match maker, life coach, advisor, consultant etc
I think it’s admirable you went off to do real estate. Even if you don’t stick with it, it was great for your growth and to say you built this all on your own. It’s definitely not easy!
And when you have something you want to try, it's good to have tried to know how it worked out
Oooh I didn't know you had a Seattle channel thank you for this ♡ I love that you're local!
It's so good you're being honest! I remember when I graduated from university, I had no idea what to start doing and felt so lost in life. Now I'm thriving (in my opinion at least haha) and I think we all have times in life when we feel insecure, lost or just don't know what to do and that's totally ok. 😊
You have done a lot as a 25 years old more than I ever were. I worked 2 jobs but that pretty much it. Too exhausted for any creativity. Thank you for always showing us great content and make us so inspired to do more.
I still remember you cried in a Palm Springs vlog and appreciated your life being wonderful, with that gratitude towards life, you’ll always be on the right path❤😊
GIRL, I think you should be a real estate agent BUT show houses on "TH-cam" from all around the world and have partners/other agents for the in-person showing! Travelling, thriving & selling! #BossBabe That would be ideal in my opinion! You would def be a great contact point!
I'm excited to see what you create for yourself, Monica! It's been fun watching you grow.
Yes! Vid about how much you made your first year!!
You could totally make an app or service that connects people with agents or you could do a consulting/coaching service for real estate agencies to help them learn how to stay up on video and photo content.
Consulting for Real Estate is a hot industry - they all want amazing content, video, and personalities to represent their brands. Ryan Serhant (sp) does this very well
Here's my guess:
You said you sold 20 homes in your first year (btw congratulations! that is no small feat), so taking the median home price in Seattle (around $800K give or take depending on what source you use) and assuming a flat 2% sellers fee, we get a commission of $16K per sale. We also have to assume that your brokerage takes a percentage of that so let's say conservatively they take 50% (seeing how it was your first year) therefore we are averaging about $8K commission for each sale. So $8K x 20 = $160,000.
Did I win? **The Price is Right theme song playing in the background**
Monica please answer
50% is unheard of and ridiculous. A first year agent with zero leads or prospects start at a 65-70% split. I believe she joined a team.. I would say her split is 80-85% based on what she has shared in the past and this video.
I'd vote for you to win!
@@sandrahernandez-aguirre6196 not completely unheard of! I think my split is only 55% or something crazy low as a new agent brought in on a team
I seriously appreciate you being so open about finances and money, its so important for younger generations who didn't necessarily learn about money from their parents or the education system, to crowd source that information and learn from each other and from mentors. I'm going to throw out a guess and say you made $86,000 your first year as a real estate agent.
I'm glad I saw your channel last year! I recently started taking real-estate classes. I'm glad I made a career change because my previous job (officer) was very stressful.
Not really the title I would have chosen for the video in case clients might check out your channel and not really watch the video?
Loved the honesty though and have always been a fan of your videos doesnt matter what they are about and have such respect for you for building such a cool career next to youtube, always find that so much more interesting than people who only do youtube…
Is there really a need for a middleman between a potential buyer and a real estate agent? Real estate agents are already a middleman. Not trying to be a downer, I just feel like that can’t be a lucrative career path, who would pay for someone to connect them with a real estate agent when real estate agents are easy to find and meet with.
I'm guessing she'd work off commission from the agents she refers people to!
I really appreciate your openness and transparency about career and finance related things! I have learned and continue to learn so much from you🙏 also 20 houses IMPRESSIVE congrats!!!
Please tell us shady real estate agent stories!!! I am house hunting and I have had some shady experiences and I’m just curious how common they are.
Honestly, life brought you to where you needed to be. Your old content is SO different than your current content that I feel like you may not have developed if you did not become a real estate agent... if that makes sense? Life brought you to exactly where you need to be! Your new content is so amazing that I totally see you continuing on become more successful in your TH-cam career regardless if you took a little break to be a real estate agent. It was worth exploring in your life and should have no regrets (PS I would love to see you work on your airstream again haha.)
Thank you!!
This is exactly what I was thinking!! Real state has helped her content develop into stuff that to me is super interesting!!
@@MonicaChurch Finish! The! Airstream!
your transparency is everything- love you
You delivered well in this vlog Monica. I can't imagine dealing Seattle Real Estate. You answered THE question in my book, " Which is more profitable, TH-cam or Real Estate?". When your sister and yourself were both doing YT alone, it was great. Now though the differentiation is remarkable.
Assuming the average sales price in Seattle is $800,000.00 and your commission is 3%, if you closed 20 houses I would say you made between $350k - $400k 👀
Legit was doing the Same math, lol. 👌
She gets 1 1/2 comission
Commission is 2.5% and she made over $190k
Have you considered changing brokerages? Perhaps there is a ceiling of achievement where you are. I switched brokerages and fell in love with the industry again.
As a new agent in Seattle I’d love to see a video based on more of those tips and tricks you’ve learned!
I love your comment about owning not being confident. Even if you have to tell the person, “this is my first time [doing whatever or in this location], what is your process or how do I go about doing x?” that’s totally fine. Most people in your field are going to be helpful and work with you. It also takes the pressure off-you don’t have to fake anything because you’re like yeah, I don’t know, but I’d appreciate your help navigating this. I’ve had to do this with prosecutors as a newbie defense attorney, if they’re willing to help, anyone in any field should be friendly too lol.
You are such a boss Monica. I have enjoyed watching your journey navigating life and career through your 20s. Can’t wait to see where your future takes you, hoping you share with us ❤️❤️
Excited to see your traveling videos that’s what brought me to your Channel years ago!
It would be amazing to see you tour around other area of western WA and Puget Sound. There are so many amazing houses in Anacortes, Bellingham, Whidby Island. Hat Island is also a really interesting little spot. I’ve really enjoyed your pivot into this space ☺️
I've had wireless lavs pick up signals from radio stations before too! It might be an issue bc your new apartment is so high up, I've only seen it happen when I'm in a higher space physically.
Loved the vibe in this video. A chat over a glass of wine 🍷. Thank you for your honesty. I was thinking about taking my real state exam but decided against it.
Are you still part of Sirus’s team?
Looking forward to your video’s. You seem lighter and happier.
Really interesting! You're one of the few TH-camrs I will always watch when a new video comes out. :)
Same I love her content very relatable and motivating
Thank you for being so open and sharing! I love what you talked about at the end about being a newbie in an industry. Hell it's hard work to get thru the learning phase, but a great reminder that it's a just phase to get thru. Congrats on your amazing RE job btw!
Love hearing the backstories! (I'm guessing with 20 homes, = ~$250K/yr)
My guess is around 180k on commissions so far. I do like your real estate stuff. I once toured a home with my realtor and the husband was still in the bedroom with his mistress! lol! We did buy that house. haha.
Mistress what
Hi from Federal Way! OMG Monica you are onto something with being a real estate matchmaker!! I know I want to start looking for something on the Eastside (Redmond, Issaquah, Northbend)
I'm also so happy to hear you giving mad props to TH-cam because I have a 2nd channel that is more of a personal brand / journey that I'm excited but nervous to do! And I'm 55 & starting my 2nd career - possibly on TH-cam!! Life transitions never end!!!
This was a great video and as an agent and TH-camr myself, I definitely understand the frustrations and challenges that come along with doing both. You’re doing a great job, keep going in the direction that makes you the happiest! Being an agent is no joke, and takes a ridiculous amount of time and effort to be successful. Whatever you decide will be the right decision 😊
My guess is $75,000. It is seriously hard work! Love your channel! 🤗
My sister has many a times struggled with what life path to choose, changing her college major 5 times before dropping out altogether. I've always told her... Life never will be figured out, there is no path you choose and stick to. Follow your heart, dreams, passions and reflect on what your skills are, what you're best at, and how you can push yourself to be better. At the end of the day, a job is a job. Love what you do sure, because it makes the work easier. But family, relationships & personal goals will be the sweetest part of life :)
on point.
Would love to watch your video on what you made your first year. I am thinking it is around $350,000.
I always wanted to be a realtor, but went the corporate America route.
You are doing awesome for being so young.
My guess for your first year selling 20 homes, about $250k. Love your channel!
Lots of fun but can definitely be overwhelming for some people!
Can you make a video about any advice to new homeowners/first time homeowners whether they wanna buy a resale or new construction?
Yes please share how much you made your first year!
The 3 months until getting paid is so accurate! I got licensed last August and closed on my first listing until the 27th of December. Takes awhile but it's also so rewarding in the end. Stressful but fun
🔝📩 Thanks for watching,pm above to claim gift🎁📦.
I love your channel. I would love to see more acknowledgment of the privileges that allow you to have the opportunities and lifestyle of someone in your position 😃
I’m so sorry that I still mix you and your sister up sometimes , I sub to both . And both of your content is so goood!
Tysm for this!
i think you will be be a better confident person for the experience of working with people from all walks of life . you will be able to draw on this experience when making future decisions . great video
Def interested in how much you made! I have no concept of how much 20 houses would make you
Do you think the amount of time you’ve spent living in Seattle helped you with informing/guiding your clients as opposed to if you were working in an area that you hadn’t lived in as long as Seattle?
8,000 likes! Make the video Monica!!
Hello! I’m here to watch you always ❤
I really like that you became a realtor. I liked/like all the realtor content. Sure Shelby makes more money, but you still make plenty of money. You know? Maybe real-estate will pay off more financially in the long-term. What I probably like most about the realtor content and videos like this is how relatable they are. I am going through life transitions and question myself and choices at times like you seem to have done at times too. :)
My Father- in law attempted to become a real estate agent last year, he managed to get his license and get set up with a real estate brokerage. But he has since given up, mostly because it really is hard to find work in a world where there is more buyers than houses. I found what you said about referring other agents refreshing, because my in- laws collogues have been no help at all.
Not the ShowingTime call!😂😂 If you sold 20 units your first year, you’re doing well. That isn’t the average.
It’s because of the way real estate is. There is not enough supple for the demand.
@@veliciahiley7652 no lie! I constantly find myself in bidding wars. My client bid 30k over asking and still lost. The house wasn’t even the greatest.
Love the agent match making idea! I had 2 realtors as I was looking for homes in 2 states. While both seemed nice, neither were truly helpful in explaining the process!
The way you can increase your income potential in real estate is to find people who are willing to do showings for you and do the mundane office duties. Focus your time on networking and getting listings. Form a team and either pay them a split or hourly and focus on the things that grow your name and your business and delegate the rest to your team. That is the only way to increase your income potential because you can only be in one place at one time and there are only 24 hours in most days.
I am guessing 375K. I think you have done fantastic selling 20 houses your first year. I love following you no matter what. 💕
Sure I would like to how much you earn, as a Real Estate agent, though it’s really none of my business. So, I will click the ‘like’ (though I click ‘like’ on all your postings). Never knew anybody who was an agent, so it would be really interesting to know. You have the drive and personality for this type of profession, which I could never, ever do.
highly recommend the defining decade as a great read!
I'm so very proud of you and all of things you have accomplished ❤
My guess is $250k as a real estate. Another personal, down to earth and absolutely awesome video!! Thank you for sharing your life with
No way I guess it’s around 30-40k
i love how you share your truth ❤ many can relate
Monica this is something I’d like to do also! Would you be willing to do a short course just about how to connect with realtors & how to approach video/photos for realtors.
I’m really great connecting ppl. And I’m really good with photography & videos (not super advanced but good).
I would love to see a video on how much you made during your first year as an agent!
And you did great your first year!!!
I'm super glad that you took on the challenge of gaining a new skill
I love that idea!!!! And right now not looking to move out yet but will after grad school
I am a real estate agent now for almost 1 year right outside New York City. I have only had two clients looking for rentals which I just got this month. Other than that I have not had any transactions this year. This area is very hot and in demand and everybody I know who's outside of the agency I'm working for whoever established clientele are busy, busy busy. My problem is trying to get clientele. I am literally in the process of trying to figure out what kind of equipment I need so I can start a TH-cam channel to try to generate traffic for my real estate.
Is there any stability working with a real estate company as an agent.. like healthcare and other benefits?
While I love your content, I don't think you would have the quality content that you do without having your real estate career so far. No, it's not required, but the real estate and your journey has been part of what kept me as one of your viewers. In all honesty, I think your YT career has fed your RE career which as fed your YT career. They have both benefited from the other.
yay Monica! great video
please make a video on how much you made in your first year! i plan on becoming one next year and need all of the info
I’m an agent in Dallas. Thanks for your insight!
This was great! Thanks for sharing.
Graham Stepan would like to have you on the iced coffee podcast 👍💙
Would love more videos about your real estate experiences! :)
You’ll be fine, one thing we tend to overlook in life is happiness. I know too many people who think they have it all figured and work so hard for something, and still didn’t find that spark of happiness. Meanwhile I’ve encountered people who just serve coffee off a stand in Thailand and they seem extremely grateful and happy. I asked myself, what differentiates me from that one person in a poor-ish country? I’m in this country with so much opportunity, it’s a given I can be anything whom I sought o become, hell I can even be an astronaut if I put my mind to it. I’m working so hard to become “successful” and think it’ll make me happy yet a person in a poor country serving coffee has easily achieved something that I couldn’t despite the fact I’m working so hard for it. Just realize no one is judging you, you are your own worse critic. Just go with the flow and stick with what makes you happy
Long time no see. Nice to see you.
I’m an agent in NYC, yea it’s difficult, but hopefully it pays off 🙏🏼
Oh boy I felt your pain when I saw your post on IG with that mic issue 😭
I was curious on what company you decided to go with for getting your certification? I tried real estate u about 2 years ago and fell off. I planned to try again but wanted a different company to try this time. If you have any suggestions I’d greatly appreciate it thank you.
Wtf how does Veronica only got 215 videos and 1.6 mil audience this is insane. Love that she jumped onto RE
Cool you’re setting up a referral program! Great residual income.