Posted By Alan Donald @ Jun 3rd 2014 9:37am In: Real Estate
Careers in Real Estate
In good times, selling real estate becomes very popular and I get calls every week from people thinking of getting into real estate sales. So here are some of the points I make when talking to potential new Realtors:
- You work as much or as little as you want. This is a double-edged sword. In my experience, only people who commit to real estate as a career and work very hard are successful. Part-timers can make a sale here and there but cannot keep up with change and may make costly mistakes.
- Income fluctuates dramatically. There may be 4 months of no income, and then 3 months where you make all your money. If your "significant other" has a steady job and you don't really need your income, then it's a perfect opportunity to jump in and develop a long-term real estate business. You will need to invest some money upfront (say $2000-$4000). Rookie Realtors normally overestimate what they can sell in their first year, and underestimate what they can sell after year 3.
- What they teach you in the licensing course is just the legal stuff, you really need a company that trains you extensively and mentors you to learn the "business" of real estate (Keller Williams has the best training programs in the industry - bar none!)
- This can be a very rewarding (and frustrating) profession. Remember that real estate moves in cycles (every 7-10 years). Right now it is booming and these are good times. In a few years we'll have another downturn. It comes with the territory.
Are you still interested?
Call me on 843-900-0155 to find out more about real estate careers at Keller Williams Realty in Charleston, SC or anywhere in North America.
Please contact us if you have any questions or comments.