Keys With Victor

JUNE 2025 / Part 1

Welcome To Real Estate 101 With Victor Nguyen The Realtor

(I'm Using Real Estate 101 For Now-until i come up with a better name.)

This all started with me jotting down notes, processes, and ideas to support the agents on our team. What began as a simple list turned into phrases, reminders, and eventually full-on-lessons-many inspired by the coaches, mentors, clients, affiliates, partners, and colleagues I've had the privilege of working wit over the years. 

The more I wrote, the more I realized how much there was to share. That's how this came to life. Whatever brought you here-thank you. I hope something you read sparks a thought, opens a door, or creates a positive ripple effect in your journey. 

If  you ever thought of becoming a realtor or just curious, STOP, and ask yourself these questions.

#5. Do I have the self-discipline and motivation required for being a real estate agent?

As a real estate agent, you need to have the self-discipline and motivation to put in the time and work to be a great agent. What do I mean when I say self-discipline? Do you have the discipline to do the things you don’t want to do? At times the activities can seem mundane. Motivation? No one is holding you accountable but yourself. Knowing you’re not getting paid hourly or salary, are you going to get up every day and get to the office on time? Put in the hours? Unless, you’re going to hire a coach or mentor, all this is up to you and you alone.

#4. Am I comfortable with the uncertainty of a commission-based income?

Before making the change into real estate, make sure you have a minimum of 5-to-6-month financial reserve. I say 5-to-6 month, because it would take a solid new agent at least a minimum of a month and a half to go from showings to closing escrow, with escrow being typically 30 days. So, in the meantime, make sure you can cover your financial responsibilities.

#3. Am I prepared to continuously learn and stay updated on the real estate market trends, laws, and regulations? BE HUMBLE.

The real estate industry is an ever-changing climate, from seasonality, to interest rates, economy statuses, and anything to everything can change the tide of the real estate industry. So, staying open-minded and staying on top of trends, laws, and regulations IS A MUST!

#2. Can I handle criticism and feedback—from clients, colleagues, and mentors?

In real estate, there’s no one-size-fits-all solution. Every transaction is different, and not everything will go smoothly. As a newer agent, you’ll receive feedback from all directions—some helpful, some hard to hear. There will be criticism, whether it's about your communication, negotiation style, or even how you show homes. But that feedback, both positive and negative, is crucial to your growth. So before jumping in, ask yourself: Can I accept and learn from feedback without taking it personally? Because your ability to grow will depend on it.

#1. Why do you I to become a real estate agent?

There isn't a right or wrong answer to this one, but depending of your WHY, it could help push you through the tough times or help elevate your business into the next phase. I do want you to think about this one, what is your WHY?

KEY#1 - It's not about how long you've been in the industry or what your license number starts with, it's the support and experience you surround yourself with.

Asking yourself these questions now will save you a lot of frustration later. Real estate isn’t just about selling homes—it’s about building trust, managing emotions, adapting to change, and showing up every single day with purpose and intention. It’s not easy, but if your “why” is strong enough, it will carry you through the toughest seasons. Remember, this is a business built on relationships, service, and consistency.