A question that we answer frequently is whether it is a good career move to become a real estate agent. The answer without any doubt is — Yes. Whether you are a college student and you wish to work part-time as a real estate agent or this is your first professional move, becoming a real estate agent is indeed a great career option for all.
In this article, we shall cover both the advantages of getting your license and also the steps to ensure that your first year as a real estate agent is indeed fruitful and lays a foundation for future growth.
The Benefits Of Getting Your Real Estate License
- Simple Licensing Requirements And Low Barrier To Entry
The primary reason that becoming agent is an ideal career move is because of the simple procedure of obtaining a real estate license and also the low barrier in terms of cost and educational prerequisites in this field.
An applicant has to join a real estate school and undergo the training, appear for the licensing exam, and then fulfill all the other licensing requirements to obtain his or her real estate license. The state’s real estate commission frames the rules and some requirements vary depending on the state you are located in. The main advantage is that a college degree is not mandatory to apply for your license. Even the cost of the course and license procedures are pretty affordable.
- A Successful Real Estate Agent Has High Income Potential
In the real estate career, your income potential is directly tied to your hard work. This is the reason why many successful real estate agents earn in the high-income brackets. If we compare this with how much money a person can make in the initial years in any other profession, it becomes an easy choice to become an agent.
With a proper marketing plan and clearly identified goals, it would be possible to gain more leads, gain high income, and build a successful career which you can continue building in the long term.
- An Agent Gets To Be His Own Boss
For most agents and for those who wish to be a part of the real estate business, the freedom to create one’s own schedule and flexibility is the key attraction. Real estate agents work more in the capacity of an independent contractor and not a regular salaried employee. Therefore, there is a greater sense of freedom and satisfaction
This freedom enables you to have a better work-life balance, adequate time for your family, and even manage to continue your education if you wish to work as a part-time real estate agent in this field.
- Real Estate Skills Are Applicable In Other Professions As Well
A successful agent has an excellent job outlook. If for any reason you wish to switch to another field, you will benefit from all that you have learned in your career in real estate. Your ability to build strong relationships with your clients, develop an understanding of the negotiation process and sales process, create marketing materials and continuing your education and many more will help you find an equally rewarding job in other fields too.
Key Steps For Real Estate Agents To Succeed In Their First Year
The first year as a real estate agent is a crucial period and to ensure that you are able to build a successful real estate career, here are some real estate tips from other agents.
- Choose To Work For The Right Real Estate Broker
One of the crucial decisions for new agents is to pick the right real estate brokerage to work with. At times, agents fail as they are not able to find the right broker who can guide them well or end up joining a brokerage that is not engaged in the real estate sector that they wish to work in. To be a good real estate agent, it is crucial that you gain experience selling the kind of property that is your niche.
So, make sure to check all the brokerages in your city. You can even inquire at those brokerages that are functioning in the online mode. Talk to other local agents and pick a brokerage firm that aligns with your future plans.
- Register For Leads On An Online Platform
An online platform such as Dorrmat which provides residential real estate home seller leads to its registers agents can help you achieve your sales targets in your initial years. The real estate industry has many agents but fewer clients. A great way to find new clients and acquire quality leads is through a seller lead aggregator like Dorrmat.
For real estate professionals working in the booming housing market of Arizona, with the help of Dorrmat, you can find many leads who are interested in selling property in Phoenix, Tempe, Tucson, and other major cities across the state.
- Boost Your Real Estate Skills
There are many leadership opportunities in this business, but is it important for a new agent to gain the right skills. You should continue to attend real estate courses to further your career. You should also consider joining the National Association of REALTORS® (NAR). It is the apex body for realtors in the US.
As part of the NAR, real estate agents and real estate brokers get many benefits such as an opportunity to attend seminars, access to exclusive financial data pertaining to the real estate market, and more. All this can help you conclude the real estate transactions in a better manner and help your home sellers get an optimum value for their homes.
Summary
As a licensed real estate agent, you have a wide range of career options within the real estate industry. You can continue to build your career in the residential space and eventually set up your own brokerage and hire other realtors to work for you. You may also opt for a lateral shift and work for commercial real estate industries. Either way as a real estate professional, your career is always going to have excellent career opportunities and growth prospects.