With the real estate market swinging upward once again, it only makes sense that so many people are considering a career change. Of course, there is so much more to real estate than meets the eye. Gauging your potential success in the real estate industry is essential. Examining the career change early is essential. Here are a few things, positive and negative, to consider:
Realtors Are Flexible
Wouldn’t it be nice to have a career where you are able to set your own hours? Real estate agents do operate as their own bosses, which can be great for your schedule but tough on your paycheck. You are the one making the decisions, but without self-discipline and a positive attitude, you could find yourself flailing. There are no set hours, which means you could be working less or more than somebody who works 9 to 5. The average is about 40 hours per week. You could be helping a client during a time when you would rather be having dinner with the family.
Beginning a New Career Takes Little Time, Lots of Effort
Becoming licensed to sell real estate takes just a few months, or even a few weeks depending on your state. Still, realtors must invest time and money into studying in the hopes of passing the real estate licensing exam, which differs from state to state.
Realtors Navigate the World on their Own
As independent contractors, real estate agents must learn about market trends and business practices. Compiling lead lists and networking take precedence, but agents also need to set aside time for marketing and managing the office.
Real Estate Income Isn’t Limited
As a real estate agent, you will not be limited to an hourly rate or an annual salary. The amount of time you invest in your work will correlate to the amount of money you receive. The potential for growth is excellent. Still, it is important to remember that cash-flow may take a while to start out, with the median salary being nearly $41,000. Some real estate agents don’t get to cash a check for months after they begin showing houses. This means that every future realtor should plan ahead.
Realtors Help People Make Important Choices
As a real estate agent, it is your goal to help each client find the perfect property at the right price. Clients are excited to purchase a home, but they are also nervous to fork out the cash. It takes true confidence to help move you through a difficult time.
Reputation Matters for Realtors
Word of mouth does spread, both positively and negatively.A happy client spreads the word to friends, family, co-workers, and the Internet. So does an unhappy one. Treating clients wisely can make or break a realtor’s business.
If you are passionate about real estate, by all means, pursue it. There are certainly plenty of perks to this career path, as difficult as it may be. Self-motivated people find real estate quite rewarding, and part of that discipline comes from taking the time to learn about the industry.
Contact us for more information about getting certified to sell homes in your state.