There was a time when you could build a respectable career in real estate simply by being good, but “good” is no longer enough, Warburg at Compass’ Kevelyn Guzman writes.

There was a time when you could build a respectable career in real estate simply by being good, not great. That’s no longer enough. 

The middle of our industry is disappearing because the expectations of this business have changed. It’s increasingly polarized: On one end are the agents who continue to grow their businesses, invest in themselves, adapt and create opportunities.

On the other are agents struggling to generate consistent business. They hope that a new brokerage, a better commission split, better technology or a different manager will change their trajectory.

The gap between them is widening, and the market isn’t creating this divide. It’s exposing it. If the market improved tomorrow, would your business grow because of the market or because you’ve built a business that’s ready to take advantage of it?

The lesson we couldn’t teach

Recently, an agent left our firm. She was willing to learn and was well-liked. We invested in her success, paired her with seasoned agents, coached her and looked for opportunities to help grow her business.

The firm was doing the heavy lifting, but we couldn’t build her business for her. At some point, every agent has to create demand for themselves and build a client base. 

That part can’t be outsourced. Eventually, she decided another brokerage might be the answer, but perhaps this is not the industry for her. I genuinely hope she succeeds. But her departure got me thinking about something our industry doesn’t talk about enough: How often do we mistake changing brokerages for changing outcomes?

Takeaway: If you’ve changed firms more than once, pause before making another move. Ask yourself: What habits am I taking with me? A new logo can’t solve old behaviors.

The hardest question no one wants to ask

Real estate has one of the lowest barriers to entry and one of the highest barriers to long-term success.

That’s a dangerous combination. Because getting licensed is relatively easy, many people assume staying in the business will be, too. It isn’t.

Every year, talented, intelligent and well-intentioned people leave this industry because this business demands resilience, self-motivation and consistency.

It requires the discipline to generate business even when no one is asking you to. Not everyone can do it. Some incredibly capable people simply aren’t wired for the uncertainty associated with building a commission-based business. That doesn’t make them less talented. It means their strengths may be better suited elsewhere. We don’t say that enough.

Instead, we encourage people to keep hanging on, keep switching firms and keep believing the next opportunity will finally be the one that changes everything. Most of the time, it doesn’t.

Takeaway: There’s a difference between having a difficult year and avoiding the activities that create business. Be honest about which one you’re experiencing.

Your brokerage isn’t your business

One of the biggest misconceptions I see is that changing firms will suddenly change production.

It happens. But far less often than people think. A brokerage can provide leadership. Training. Technology. Marketing. Mentorship. Culture. Support.

Those things matter. But none of them can replace initiative. A brokerage cannot make prospecting calls for you. It cannot build your relationships. It cannot create discipline. It cannot make people choose you. If those habits didn’t exist before the move, they’re unlikely to appear after it.

Takeaway: Before you evaluate your brokerage, evaluate your calendar. Is your schedule reflecting someone building a business or someone simply responding to one?

The middle is disappearing

The agents who are thriving today aren’t necessarily working harder. They’re working differently. They’re building databases instead of collecting contacts. They’re nurturing relationships long before they need the business. They’re investing in systems. They’re adopting technology without sacrificing the human bond. They’re treating their business like a company, not a collection of transactions. 

Meanwhile, another group continues to wait for falling rates, more inventory and more opportunity. For too many agents, waiting has quietly become the strategy. And it’s costing people their careers.

The middle, the agents who close enough business to survive but never enough to genuinely thrive, are shrinking. What’s left are the agents who intentionally build businesses and those who continue hoping the business will eventually build itself.

Takeaway: Block two hours every week dedicated solely to activities that generate future business. Protect those hours as strongly as you would a listing appointment.

Maybe it’s time to ask a different question

Instead of asking whether you should switch brokerages, ask yourself whether the business is truly for you. Not everyone is meant to be an entrepreneur or enjoys the uncertainty of commission income. It can take years to build a referral network and see consistent results.

And there should be no shame in admitting that. In fact, there is courage in recognizing when your talents may be better applied somewhere else. The real mistake isn’t leaving real estate. The real mistake is believing that changing offices, changing brands or changing managers will solve a problem that starts with you.

Takeaway: If you’ve given this business everything you have for several years and you’re still relying on your brokerage to create your opportunities, it may be time to pivot. Pivoting isn’t quitting. Sometimes it’s the smartest career decision you’ll ever make.

The future belongs to builders

If your business disappeared, could you rebuild it? If the answer is yes, you’re building something sustainable. If the answer is no, don’t start by looking for another brokerage. 

Start by looking honestly at your daily habits. Because the future of this industry won’t belong to the agents waiting for opportunities, but the agents who create their own. Success isn’t staying in real estate at all costs, but knowing when to double down — and when it’s time to build something different. That isn’t failure. That’s clarity.

Kevelyn Guzman serves as regional vice president at Coldwell Banker Warburg. Get connected on Instagram and LinkedIn.

Compass
Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×