How can a real estate agent or loan officer survive in a slow real estate market?

Answer 1

My friends who are Realtors also have other jobs. You have to learn to work the slow market and when you have good sales save for the slow times.

Answer 2

IMHO there are always those who need to buy, build or refinance a home.
I have been a mortgage professional for long time. The business is always there.. sometimes you just have to work a little harder.
Sometimes more cold calls, sometimes partner with someone who has a creative idea or a captive audience.
I think that Real Estate is a difficult business and that you need to be in or out. Part time people cant as easily stay on the pulse of what is going on nor adjust to market conditions.

Answer 3

A savvy pro in a cyclic industry will ALWAYS sock funds away during times of plenty to carry them through the lean years. When the inevitable correction hits, they have the resources necessary to survive. Just knowing that the bills will be paid leads to lower stress and avoids the "trapped rat" affect that tends to scare off the few potential customers that ARE out there.

Answer 4

A lot of them do this as a side gig. I wondered the same thing, until a real estate agent that became a friend told me that it wasn't her only job, and it's the case for a lot of her co-workers.

Answer 5

Innovative marketing techniques. Slow or fast market people always need a roof over their heads. History has shown markets will fluctuate, always, but it's always better to own that roof than throw money out the window.

Answer 6

Real Estate fluctuates, you have to have another source of income for the dry spells.

Answer 7

only buy one Mercedes....