How to Kickstart your Real Estate Career
Photography By Tiago Rodrigues
Have you ever had the desire to start a career in real estate, but just don’t know how to get started? This industry is challenging and highly competitive, but once you get to grips with what is expected as a professional in the field, the results can be highly rewarding. Many choose to venture into real estate to escape their typical 9am-5pm routines, while others are keen on securing huge profits. To become a successful real estate agent, you need to have a good business head and a great deal of persistence.
If you are looking to get started in the real estate industry and want to know whether becoming a real estate agent is the path for you, here is some great advice to bear in mind.
You need suitable traits
If you have always been employed in a specific industry, a career in real estate will be a new challenge for you, as you will need to get used to working for yourself. Agents tend to work on commissions rather than wages which are generated from sales, meaning a regular income isn’t always guaranteed. In order to make a success of your career in real estate, you will need a range of skills including organization, dedication, perseverance, and ambition, to name just a few.
Find a broker
Due to being brand new to the real estate industry, many individuals choose to work with a broker. Brokers tend to have years of experience and have their own insurances to cover any issues when buying and selling. Brokers essentially take care of their agents and any errors made are usually left in the hands of brokers who will cover any necessary fees.
While there are many brokers to choose from, selecting the right one is crucial to long-term success in the real estate industry. Some brokers provide training and additional advice which is always useful for agents who are keen to continue developing their knowledge and experience.
Smaller real estate brokerages are far more worthwhile than larger firms, as the latter tends to take around 50% of the total market share. Smaller firms such as Ashby and Graff, for example, will give you the best 100% commission real estate brokerage and a direct payment method, so there is no need to wait for your cheque to arrive through the post.
Don’t wait for the right time
It can be extremely easy to sit back wait for the right time to come around, but setting yourself a deadline on when to become an agent isn’t worthwhile, as you may never take that plunge. Similar to the stock market, real estate properties are constantly fluctuating.
One piece of advice would be to stop holding back and make the move if it is a career you have always wished to pursue. The earlier you start, the higher the turnover you are likely to earn.
Starting a brand new career path is always going to a nerve-wracking time. After all, you’re taking the plunge into an unknown industry. However, make sure you take the above advice into account beforehand to ensure you succeed.