A real estate career attracts a lot of followers all over the world, and for good reason. When done right, it is a rewarding path with many perks that rival even the most coveted positions in the corporate setting.
A successful career in real estate gives you the flexibility to work almost anywhere, at any hour you want. And, of course, there is an attractive amount of money to earn. It is, however, a dangerous misconception that successful real estate professionals make their money with minimal effort or from practically doing nothing.
Being successful in anything always involves sound strategy and hard work, and real estate is no different in this regard. Make no mistake, because real estate is more work than expected. The work is hard, like other jobs. But the rewards are more significant compared to what you can get from any ordinary job. Below, we will discuss the first steps and answer the question: “How to start your real estate career?”
The end result
Talking about this at the start may seem odd. But it is one of the best ways to start when evaluating and deciding to step into this new career. For many, the income potential of a real estate career is enough, but what exactly are the figures? First, real estate is a commission-only business, which should pause you. However, you must also consider that some successful agents make millions yearly. The fact that it is commission-based earmarks it as having no limits to its earning potential.
An example of the work cut out for you would be earning $60,000 a year; you would need to sell at least one $300k-worth house monthly. Looking at how much you can earn and the success it will bring if you can pull it off helps make that final decision.
Take a good stock of your resources
It can be intimidating, to say the least, for a new real estate agent to make it work, especially if you have children or other jobs to take care of. This is why it’s vital that you ease into the business rather than jumping straight into it. Take a good look at where your time and resources stand now. Ask yourself whether or not you can afford the financial burden of having yourself licensed before jumping on board.
To succeed in your real estate career, investing in learning related skills is vital so you can become a licensed agent. And the good thing is there are many ways you can do to make it possible. Unlike before, you can now enroll online and join in realtor classes. The good news is that they cost significantly less than they used to. Do this before taking the test because these licensure examinations are not cheap.
As a part of your resources, take a look from within. See if working and being with people at most times is in your heart. You must have that innate love of houses and being with people because that is what you will do as a realtor. Part of this is to prepare yourself for odd times and having to work on weekends because these are when people are free to look at properties. This is an excellent time to reflect if you can afford a sitter or have the support of the family if you need someone to watch the kids while you are on the job.
Networking is key
When you decide and have gotten the basics out of the way, such as the licensing, it is time to work and invest in people to assist you. These include your broker and a network of diligent agents with whom you must cultivate good relationships to widen your reach extensively.
You can always choose between a brokerage with a corporate setup to help establish your brand and street credibility. At the same time, you also have the option to work with those brokers who can give you freedom to manage your time.
To sum it up
Remember when we discussed easing into the business rather than barging straight in? This is one of the best parts of being a real estate broker. You can start doing the business as a part-time gig. This way, you can add to your current income while learning the ropes and not breaking the bank. This is also great for creating your client base from everyone you know while working on your new undertaking.
Jumpstart your real estate career today! Comment down below if real estate is your passion. Share with us why you want to pursue this kind of career. I also recommend you to read this article about choosing the right career. You can assess whether this career fits you, your personality, and your skill set. Hope this helps!
Angeline Licerio
Angeline Licerio is the blogger behind Dollarmize.com. After working online as a writer and SEO strategist, she decided to start this blog to give advise to people who would like to earn money online. She is also the founder of SEO Tutorials for FREE, a Facebook community that helps aspiring freelancers and SEO specialists to kickstart their work from home journey.
