A Career In Real Estate – Is It The Right Job For You?
Are you wanting a career in the real estate industry, but yet have no idea if it really is for you? There are plenty of factors you will need to look into before you start your new job, so do your homework to ensure that this is the job for you. Below are some of the most basic things to help in deciding.
In My First Month, I’ll Get Paid
Lots of people see a real estate jobs as an easy to do job that does not demand a whole lot of work and pays really well. Nothing could possibly be farther away from the truth concerning the degree of work an agent puts in; the amount of money, however, can be awesome! One important thing you have to remember to consider is this is not an industry you merely jump into and instantly start seeing results; it’s going to take time for you to establish customers and earn cash.
When you keep to the proper business model and are consistent with your efforts, you will have the same results as top agents across the nation. Be aware it takes the average new agent roughly six months to recieve a commission and unless you hit pay dirt with your very first customer, the probability is the check won’t be anything to write home to mom about. Having a reserve of money saved is optimal; plenty to permit you approximately six months of bills.
I’m Going To Sell Real Estate Part Time Only
One more misunderstanding with regards to the real estate industry is the part-time agent; are you able to succeed in the field putting in simply a part-time effort? It isn’t impossible, but don’t count on it. If you’re seriously looking to make this your full time job, you have to give 100% of your energy in your business.
In the event you working a full-time job, 8-5, M-F, how do you be prepared to provide high quality customer service to your potential clients, much less find people interested in using you as an agent? Your real estate job is not only showing properties and receiving commission checks; virtually all your time and efforts will be spent searching for customers.
Lead generation is the main part of your business and if it’s not possible to dedicate enough time to this, this is most certainly not the line of work for you.
I’m Going To Get A 100% Commission Split
XYZ Realty is providing a 100% commission split, so that has to be the very best place to hang your license, right? Entirely wrong! 100% of zero remains to be zero. Just because you went to school for six or seven weeks and acquired your real estate license does not mean you know how to run a business. The reason over 80% of first year agents are unsuccessful is because they select the broker that does not do anything to help them be successful. Don’t rely on a firm that just throws you to the wolves or tells you to shadow their best agent to understand how to sell. You have to find a brokerage that will actually provide you with the resources to run a business correctly.
Training, education, support and a proven business model that works in all economic climates are key in the decision process in selecting a real estate broker.
If you’ve gotten this far without being scared away, a career in real estate may be right up your alley. What it honestly comes down to is consistency, training and time. If you’re steady with your lead generation endeavors, follow a proven business model that actually works in any kind of economy and can hang in there while building up clientele, you’ll definitely have a long term future in this business. Best of luck in figuring out if this is the right job for you.
Find more information on career in real estate as well as how a real estate careers can help provide you with financial freedom and a secure earning.
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