The Color of Money | Transformative Conversations for Wealth Building

110. The Path from Rookie Real Estate Agent to $100k with Jay Papasan

Sep 24, 2025
Jay Papasan, best-selling author and business executive at Keller Williams, shares insights from his new book, Rookie Real Estate Agent. He emphasizes treating real estate as a business from day one and setting realistic goals based on net income. Jay advocates for joining a team to accelerate learning and believes open houses are crucial for marketing. He stresses mastering fundamental activities, building a strong database, and staying curious to ensure long-term success in real estate.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

Real Estate's Low Barrier, High Upside

  • Real estate can create millionaires with only a license, laptop, and car if treated like a business.
  • Focused mastery of basics unlocks scalable wealth over time.
ADVICE

Treat Real Estate Like A Business

  • Treat your real estate work as a business from day one with separate accounts and scheduled office hours.
  • Track business net worth and show up consistently to earn predictable outcomes.
ADVICE

Base Goals On Net, Not Gross

  • Understand net commission after splits, fees, and taxes and set income goals from net figures.
  • Use simple budget models to set realistic transaction targets for replacing income.
Get the Snipd Podcast app to discover more snips from this episode
Get the app