Ensure you never miss an issue of the
real estate business bulletin
Young agents disillusioned: Steinwede

Young agents disillusioned: Steinwede

by Reporter 0 comments

Stacey Moseley

Young real estate agents are rapidly becoming disillusioned with the industry, according to one of the industry’s biggest names.

Speaking with Real Estate Business, Matt Steinwede, director and business owner at McGrath Estate Agents revealed his concern that many young agents have unrealistic expectations of the industry.

“When agents see some of the top guys, they don’t see the hard work and dedication that they have had to endure for years before they have reached this point,” he said.

“Starting out young, new agents don’t have the benefit of having a strong market presence.

“This is something you have to work on for at least three years, but more realistically, five before you see results. It doesn’t happen overnight and agents need to realise this early."

According to Mr Steinwede, young agents should consider their first few years in the industry in the same way they see saving money in a bank account.

“You need to make deposits into your bank of knowledge,” he explained.

“After many years, you will begin to see the knowledge pile up and turn into results.”

Mr Steinwede will be addressing the crowd at the next Young Real Estate Professionals (YREP) event, where he will be discussing the importance of staying goal focused as a young agent.

According to YREP co-organiser Rob Forde, CEO of Harcourts Corporate NSW, Mr Steinwede is a perfect speaker for the event.

“I think he has had quite a diverse career and I think his story will resonate really well in the room,” Mr Forde told Real Estate Business.

“He has actually proven himself as a top agent and he has evolved his business - with his life and the industry - and I think people will take a lot from that.”

The second YREP networking event will take place this Thursday 12 September at the Ivy Penthouse in Sydney’s CBD. Complimentary drinks and canapés will be served.

The networking group is open to all property managers and agents in NSW.

According to Mr Forde, there are limited spots still available at the second event, so register now. For more information and to register, visit YREP.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Young agents disillusioned: Steinwede
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?