The short answer is, yes. However, it’s not necessarily in the way you think. The natural assumption is that those who are more stressed about money a more prone to burnout. Or even that those who are the most successful and the busiest are the most prone to burnout. Neither one of which is necessarily true. Realtor burnout is caused by an inability to effectively handle stress. Real estate agents experience burn out regularly because it’s an incredibly stressful industry. The reasons behind their stress vary only slightly based on income.
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real estate agents experience burn out
Unsuccessful or inexperienced realtors are generally fending off stress from a variety of sources. They typically don’t have any of the staff or automated systems of the more successful agents. As a result they have to personally handle all aspects of the job. They prospect their own clients. They fill out their own paperwork. They constantly answer their own phones. Everything falls on them to handle. This is an added source of stress. On top of all that, they also have to worry about financial security. Their only saving grace is that the majority of them have limited fiscal responsibilities.
This is where the less established agents typically have an edge on their successful counterparts. Their overhead is limited. They’re typically younger. This means they’re less likely to have children, and that they’re less likely to be homeowners. Well established realtors on the other hand generally have to worry about keeping up with all of those responsibilities. Veteran agents may not have to deal with same workload, but there is tremendous pressure on them to continue being successful because they’ve built a life around that success.
When you look at the numbers, inexperienced and unsuccessful realtors are more likely to leave the industry than successful ones, but that doesn’t mean money is the key factor in avoiding real estate burnout. Stress and real estate go hand in hand, so those who implement means of alleviating stress are the ones who avoid burnout. Successful realtors are more likely to have developed the techniques necessary to accomplish this goal, but that doesn’t mean money had anything to do with it. They’re simply developed better methods for coping with the rigors of the job. One could argue this ability to cope contributed to their success.