Housing sales dipped dramatically after the mortgage nightmare in 2008. But since 2011, the numbers have shot back up.
In 2017, 614,000 houses were sold in the U.S. In total, US real estate transaction volume hit $467B in 2017. But who are some of the hottest young agents brokering these deals? Here are five of the top realtors under 35.
1. Ryan Serhant
The NYC-based power broker and author of the bestseller “Sell It Like Serhant” closed deals that topped $838M last year. Ryan has built one of New York’s top real estate firms, raking in millions every year.
He initially entered the housing market in 2008, when the real estate space was seeing one of its biggest collapse. In his first year, he made just about $9,000 and decided to stick it out through the hurdles that came his way.
“Never in my wildest dreams did I think that 10 years later I would do [$100 million] in deals over spotty Wi-Fi while on a safari in South Africa like I did last week,” he told CNBC in April.
2. Blair Brandt
Blair Brandt is a 2011 Forbes 30 Under 30 entrant who rose to notoriety at 23.
Brandt’s company, The Next Step Realty, focuses largely on recent college grads.
“It’s been a total mess for young people who are graduating and moving to big cities to meet the right broker, to take care of it quickly, and to do it affordably,” Brandt told Forbes.
He matches recent college graduates with local realtors to help them find their first post-college apartment—and usually at a discount.
They offer discounted student brokerage fees, and hyper-localizes their experience by connecting them to a local broker to ease the process.
3. Jon Tetrault
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🙌 The @nickslocumteam and I would like to thank all of our past clients, friends and family for an amazing 2017 and fantastic 2018. We were recently named one of @Realtrendsa @wealthlab America's Best Real Estate Professionals" #realtrends #realestate #home #rirealestate #realtor #nickslocumteam
Jon Tetrault and his partner at Slocum Realty snagged deals worth $24M last year and over $13M till date this year.
For the rising realtor, his success largely hinged on networking and sheer hard work.
“Always talk to people, and if that doesn’t work, talk to more people. Real estate is about building connections because that is what drives referrals. Research your region and look for the local chamber of commerce or any volunteer boards that you can join—these are all great opportunities to expand your network,” he says.
“Put yourself in front of people. Listen to other agents and what they say, jump in their car when they go to appointments. When you’re first starting out, you can learn so much from the stories and experiences of veteran realtors,” he tells us.
4. Oren Alexander & Tal Alexander
The brothers, who are with Douglas Elliman, have won over some of the biggest clients across the globe. Much to their credit, the team sold a modern townhouse in New York for a whopping $100M–a sale pitched as the priciest ever in New York’s history of commercial townhouse sales.
Oren and Tal also closed the deal for Miami’s most expensive mansion, apart from handling a string of other high-end, ultra-luxury sales.
5. Brian Erhahon
This young London-born rockstar barely has hit 30 (he’s 29), but he’s already running a 275-agent team. Working out Tustin, CA, Brian’s team has a transaction volume of $187.6M. He also recently earned a spot on Realtor Magazine’s 2018 list of 30 Under 30 Honorees.
In a competitive, cutthroat business, Brian has a unique spin on doing business. When he does events, all agents are welcome—even from competing companies, which draw up to 200 attendees. “We’re open and transparent and just like to collaborate,” Erhahon told Realtor Magazine.
Top 10 Black Real Estate Accounts To Follow On Instagram
From real estate investing to startups, Instagram’s become a goldmine for budding entrepreneurs, offering quick, motivational content across a variety of sectors.
In our “Top 10” article series, we highlight some of the best accounts in different spaces. In this piece, we highlight the top black real estate accounts to follow.
A bonafide real estate influencer, Jay Morrison’s built the Jay Morrison Academy, an Inc. 5000 business that teaches financial literacy. He made history in 2018 when he raised close to $10M in one week for #TREF, the then-largest black-owned real estate crowdfund in the country.
Known for: Jay Morrison Academy, Corner Classes and
Chicago Real Estate Mogul: Here’s How You Flip Houses
Chicago-based Sean Conlon is a real estate investor extraordinaire. He started his career in the early ’90s, quickly becoming the top residential realtor in the nation with nine figures in annual volume.
Conlon’s the host of CNBC’s real estate show The Deed. On this show, he helps investors flip properties and intercept the issues that come up along the way. His main advice is to “always have a plan B” and “hold investments for at least five years.”
Considering that “shelter” has yet to be disrupted, real estate to date remains an asset class that will never go out of style.
While many real estate shows make flipping look easy, Conlon’s program, the Chicago Tribune described it, sheds a different light: “A nerve-wracking endeavor where grit is essential and profits are far from assured.”
“Trust but verify,” he says about people and his money. (Good one, Sean.) In this video, Conlon gives some insights into how to become a real estate investment master.
Take a look.
VIDEO: 4 Myths About Real Estate, Debunked!
From bubbles to recessions to risk, there are tons of myths surrounding real estate investments. Fortunately for you (and other WealthLAB addicts), most of them are untrue. In this video, WealthLAB’s investor/author Philip Michael debunks four myths about real estate investing.
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