Are You Right for a Real Estate Career?
A lot of people may think a career in real estate is easy money, but there is a lot more to this career than meets the eye. Real estate can be a very rewarding career choice for just about everyone. You don’t necessarily need to be a “salesman”. Real estate is primarily a service business, and serving your clients will contribute to your success.
Transitioning From another Career
Many have found it to be a natural transition from another sales career into real estate. It might even be more fulfilling than a previous career as you are helping people in what is usually the largest financial transaction of their lives. If you question a group of brand new agents you’ll find very diverse reasons for choosing a real estate career. Many love helping people, while others want to exercise their independent nature and be their own boss. Most real estate agents are independent contractors and are able to set their own work schedules and build their businesses in the ways that they want. In today’s world, the technological advances have opened up new opportunities for success in real estate. If you can work a good website that’s mobile-device friendly, do some social website posting, and respond quickly to with email and texting, you have a great tool for connecting with prospects.
The Pros and Cons to Consider
It takes commitment and investment of effort, time and money to build a successful real estate business. Before you make that jump into a real estate career which must be kick started with 80-100 hours of course work, consider these pros and cons:
- You’re an independent contractor and control your own business.
- Your income isn’t limited and based on your skills and work ethic.
- Set your own work schedule and vacations.
- Work outdoors and in varied locations.
- Build future business with great service and client referrals.
- Enjoy helping people in one of their largest financial transactions.
- You’re an independent contractor and on your own to learn the business.
- Income can be a long time getting going and “feast or famine”.
- You have to be available when your clients want you.
- There’s a high failure rate for new agents.
So when considering a career in real estate it is important to think of all the factors that match your personality and if a career in real estate is a good fit for you. The biggest thing to remember is that your real estate career is a business whose success is dependent on you.