A real estate agent can be a wonderful thing to be. It is an exciting job with a ton of variety, you get to meet new people every single day and can learn new skills as your career progresses. With such awesome benefits (and not to mention the average annual salary of over $50K) it can be hard to resist the urge of becoming one yourself! However, beginning your career in real estate isn’t always a simple task. There are quite a few things to consider before making the leap. That’s why I’ve put together this handy little blog that you can use to help you make the decision about entering into real estate as a full-time job.
Real estate is one of the most profitable careers you can have, but it’s also a very competitive field. There are thousands of agents in the United States, and there is only about 300,000 house for sale each month. That means there’s a lot of competition for buyers’ attention.
What You Should Know Before Being a Real Estate Agent?
If you’re looking for a career in real estate, here are some things that you should know about getting into the industry, and how you can become a successful real estate agent:
Pick The Right Niche:
Everyone has a different vision of what makes a good real estate agent. The best real estate agent is often the one who’s able to do everything well — negotiate the best deals of the house for sale, find great properties that meet your clients’ needs, deal with difficult sellers, and so on.
Use Your Strengths:
If you like meeting people and talking to them about their homes, then being an agent is probably going to be a good fit for you. If you’re more apt to sit behind a desk and monitor listings, then being an agent might not be for you. Because agents have lots of different responsibilities, they need all kinds of skills. If you’re good at managing others or dealing with people, then being an agent might be a good fit for you.
Learn From Other Agents:
One of the best ways to get an idea of what being a real estate agent is like is to learn from agents who are already in the field. If you know somebody who is an agent, ask them to take you out on a ride-along, or shadow them for a day to see their dealings in the house for sale or other commercial properties.
Consider Alternative Options:
Becoming a real estate agent requires a lot of time and money invested into training, licensing, and continuing education. If you have limited time or money, there are still plenty of ways that you can work in real estate without becoming an actual agent. Some examples include working as an assistant to an agent or broker, or as part of a sales team.
Build Your Network:
The first step in starting your career in real estate is building your network of contacts. You’ll need to connect with people who can help you find deals and acquire new clients. This includes building relationships with other agents in your neighborhood and with people in society.
A Highly Demanding Career:
A career in real estate is an exciting and demanding one. You’ll be required to work long hours and often put in long hours, and you’ll be living on the road for long stretches of time. However, there are many rewards to those who have the interest, drive, and passion to succeed in this field.
You Should Be Serious Enough:
When you’re deciding whether to get started, keep in mind that getting a real estate license isn’t like taking a test — it’s a career choice. You’ll need to invest lots of time learning the business, reading, and understanding financial reports, pricing properties, handling client relationships, and so on. You’ll also need to become familiar with the laws and regulations governing real estate agents.
If you want to be a full-time agent or broker, you need a license from the state where you want to do business. To get your license, you have to pass some exams that will test your knowledge of real estate law and also measure your skills as an agent or broker.
That said, there are other ways that you can work as an independent contractor. For example, if you’ve got a great customer service skill set but aren’t interested in having your own portfolio of properties under contract, you might consider working as an independent contractor instead of being a full-time agent.
The Bottom Line:
Real estate is a tough field, but most people have the drive to work hard, that’s for sure. You can make it in the field if you do your research, and if you enjoy the people aspect of this business. There’s no need to be nervous about rising through the ranks; it just takes time and hard work. Real estate agents are some of the most helpful people in the world, and I wouldn’t trade my experience for anything!