How To Know If You’re Right For A Career In Real Estate
If you’re considering a career switch into the competitive world of real estate, you probably have a lot of questions. Not only do these questions involve how the real estate licensure process works, but you’re probably also wondering about how your career is going to work. However, it’s also important that you ask some questions about yourself.
Ultimately, not everyone is cut out for a career as a real estate agent. Before you consider leaving your current career, signing up for a real estate license course in your state, studying for tests, and incurring all the other fees associated with becoming a real estate agent, you should make sure that you’re right for a career in the competitive world of real estate.
Start Talking to People You Know
One of the best resources for new real estate agents is the relationships that they already have in their lives. When you start your new career in real estate, you’re going to be relatively unknown. That doesn’t mean that it’s impossible to find success in your new career, but you should understand that your first clients will probably be people you already know. When clients who don’t know you call the brokerage you work for, it’s not uncommon for them to want to work with someone more established in the industry.
Before you take the plunge into real estate, start networking with people you already know. There’s a good possibility that one of your friends or family members is considering selling their home and purchasing a new one. One of the best new real estate agent tips that we can offer is to start talking to people you know about their real estate plans as early as possible. You can start building your client base and get the benefit of working with a real estate agent they already know and trust.
Treat Yourself Like a Business
Your new real estate agent checklist should be a business plan at the beginning of your new real estate agent checklist. One of the most fatal mistakes that new real estate agents make is that they rush through their training course, get their license, join a brokerage, and then they hit the wall. They’ve rushed into a new career in one of the most competitive industries in the world without a plan in place. When you’re trying to determine whether or not you’re right for a career in real estate, sit down and make a business plan. When we start talking about new real estate agent coaching, one of the first things we encourage new agents to do is create a business plan.
This plan will serve as the roadmap for your real estate career. It should include plans that you can reasonably execute in the long-term and the immediate future. You’re not going to trip into success in the real estate industry accidentally. It requires a strategic approach and lots of planning. Your plan should include your marketing strategy, budgets, how you plan to allocate your time, and every other aspect of your business. Remember, while you may work for a brokerage, your real estate practice is its own business, and the only person who can ensure its success is you.
Do You Have Money on Hand?
Real estate can be a very lucrative career. Unfortunately, many people get so caught up in the allure of the money they may make in the future that they fail to account for the expenses necessary to launch your business. There will be fees required for your licensing course, your licensing exam, background checks, and several other requirements set forth by your state. However, there are other expenses that you should consider. The most successful real estate agents are those who are willing to continue to invest in training, even after their career is up and running. Real estate agent training is readily available through a variety of sources. In some cases, your brokerage may offer some training programs, but you must be willing to personally invest in the best training for new real estate agents.
The real estate industry is one of the most unique in the world, because it’s constantly changing and evolving. Just a decade ago, the idea of viewing a house online was unheard of. Now, most properties listed on real estate apps have a virtual tour feature available. There’s no way to forecast precisely how much more the real estate industry will change over the next decade. That means that investing in yourself and your career as often as possible is the key to finding lasting success.
How Organized Are You?
Finally, one of the most important questions that you will need to ask yourself involves your own personal organizational skills. When you start working in real estate and create your social media platforms, you’re going to start getting contacted by any number of potential clients. Some will reach out through instant messaging options on your social media, some will call you, others will send text messages. Nothing matters more within the world of real estate than customer care, and if you’re disorganized, there’s simply no way for you to keep all of those potential clients organized.
Simply jotting down notes on a piece of paper may work when you only have 2-3 clients, but that shouldn’t be your goal as a new real estate agent. Instead, the ultimate goal is to have several current clients in the middle of a transaction while you establish and nurture relationships with clients who are simply testing the market. The importance of customer management for new real estate agents cannot be overstated. Not every potential client who reaches out to you will be ready to buy or sell a home after initial contact. However, managing those relationships the right way makes them more likely to choose you when they’re finally ready to make a deal.
If your personal organizational skills are lacking, don’t let that keep you from exploring a career in real estate. There are plenty of programs and apps that will allow you to input the name and contact information of every potential client you come in contact with. This allows you to take a strategic approach to manage those relationships.
Any major decision in your life should be made only after you have carefully examined yourself and created a plan that will put you in a position to succeed. Yes, real estate can prove to be a lucrative career, but being a successful real estate agent requires organization, money, and a commitment to spending the time necessary to get everything in order.
At Game Changer Realty, we understand the importance of constant training and continued education. Our team of industry experts has the experience and the resources necessary to put you in a position to experience maximum success.
Signing up for new real estate agent training with game change realty is simple. Once you’ve filled out the application on the Game Changer Realty website, a member of our team will reach out to you in the next 24-48 hours to let you know if you’ve been granted an interview. After the interview, if you’ve been accepted to the program, we will send you a few prerequisites that need to be completed. Once those are completed, our team will onboard you into our world-class training program, where you will receive some of the best training in the industry. The last step is completely up to you. Start selling, working with clients, and making a name for yourself in the real estate industry.
