Are You Considering a Career in Real Estate?
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
The 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 a 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 industry, 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.
Reputable Brokerage Firms
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.