The Highs and Lows of Being a Realtor

Are You Considering a Career in Real Estate?

 

the highs and low of being a realtor business women climbing up floating stairs to a door

If you are looking to make a significant career change and have a bit of an entrepreneurial spirit within your sole, you might find that a career as a real estate agent can be very rewarding. Of course, certain rewards come with certain risks. However, people who are not risk adverse have gone on to have great careers in the real estate industry.

The Potential Rewards

man fanning out hundred dollar bills the rewards can be richThe real estate industry is one of the most interesting and dynamic industries in the country. When things are good, they are real good. When they are bad, they can become very challenging. If you have a great work ethic and the ability to sustain yourself when things get a little tight, you could be perfectly suited to become a real estate agent.

Aside from the potential financial awards that would be available, which can be substantial, you would also get the opportunity to effectively work for yourself. Even when employed by a licensed brokerage firm, you should still be able to find enough autonomy to create your own path and control your own career. This includes being able to establish your own work hours and the chance to develop your own customer base.

Other potential rewards include getting the opportunity to establish a reputation within the community as well as the opportunity to interact with a wide variety of people both inside and outside of the real estate industry. Building these personal connections can be rewarding in both your work and personal life, which could help you become a more well-rounded individual.

And the Potential Risks

Having just experienced aman standing over ledge with great reward comes risk deep recession, you most likely have concerns about how real estate agents survive when the real estate market heads south. That’s certainly a viable concern and one of the primary risks. However, you have the ability to control your own sustainability by learning how to save money and cultivate business relationships while things are going well.

Other risks include the loss of your free time and the constant exposure to rejection. Real Estate agents don’t work standard 40 hour work weeks. They need to be on call and fully prepare to meet clients at the client’s convenience. This usually means working when others are off. The job also requires that you have thick skin. Imagine working on a transaction for over a month, only to have it slip away at the last moment, costing you a juicy commission. You have to endure this kind of rejection and disappointment on a regular basis without getting discouraged.

The Costs of Getting Started

In order to become a part of this dynamic industrykeller williams agent invest in yourself real estate marketing, you will be required to make an investment in yourself in the form of real estate classes,
studying and sitting for the state’s real estate exam, joining realtor associations and paying for licenses and appropria
te insurance protection. You will also have to find a broker firm with which you can begin your career.

However it is best to not view these as negative costs but rather an investment in your future earnings. Savvy soon to be realtors see the value in investing in not only their initial studies and licensing but also in marketing themselves. Business cards, personalized realtor cards you can use for any type of gift or thank you card, signs, shirts, and more are all ways you can advertise your business and yourself while going about your day to day routine. Remember this is an investment in you!

Reputable Brokerage Firms

For the most part, the real estate industryKeller Williams number one real estate agency is controlled by large brokerage firms. The reason these firms hold so much power is because of the quality
and vastness of the services they can offer to clients. Keller Williams is a great example of a top flight real estate brokerage firm. To understand how this company garnered a great reputation in a highly competitive industry, take a look at what the company has to offer:

  • A solid network of almost 90,000 real estate agents nationwide
  • The ability to find innovative marketing methodologies
  • Dedication to the community through its RED program
  • A commitment to continuing education for its employees

If you are considering a career in real estate, you stand at the threshold of a vibrant career. Without a doubt, your ability to succeed will be determined by your motivation, commitment and work ethic. If you have those characteristics in spades, this might be the right fit for you.

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