What to Expect in a Real Estate Career
Posted by scott30483
As a Professional REALTOR, rewards are all around you. You’ll enjoy flexibility and the freedom to set your own goals and pace. Of course your income and success will be reflected in your effort.
Successful people in real estate are goal-oriented, persevering, self-motivated, ambitious, and able to work with a wide variety of personalities.
You have the potential for high earnings, status, autonomy, intellectual challenges, and the satisfaction of helping others.
You can choose to work for a small firm or large, one on the technological cutting edge, one that focuses on environmentally friendly housing, or any number of other specialties.
Some real estate agents go on to be brokers. With more experience, education, and upon passing an additional exam, becoming a real estate broker is the next step for many successful salespeople. Brokers can own their own businesses and build a team of successful agents who will also contribute to the broker’s success.
Working in real estate comes with a few challenges, too. To be financially successful, Professional REALTORS and brokers put in long hours and often work 15 hours a day and on weekends. They also typically don’t get paid until a property sells.
There can be long periods between commission checks. Also, when starting a real estate career, it can take a while to get up to speed and see those commissions start coming in.
It’s crucial to your success that you plan your business and choose a good school. One that will prepare you not only to pass the licensing exam, but that will also teach you what you need to know to succeed in the real world. Some schools focus on teaching you how to pass the multiple exams, while others also teach you how Real Estate really works. Click here for an easy to use Business Planning Tool
Prospecting is the single most crucial element in the business and presents the biggest challenge for most REALTORS.
Prospecting can be done in a number of ways:
- Contacting your sphere of influence
- Open houses
- Office inquiries
- Online techniques
- Handing out business cards
- And lots more!
The important thing to realize is that it’s not easy, but must be done consistently in order to have a successful real estate career.
Some other activities you could expect to do on a daily basis:
- Tour new listings
- Preview homes
- Staying updated on real estate-related laws and issues
- Conduct and attend open houses
- Spend “floor time” at the office
- Attend closings with your clients
- Maintain relationships with your sphere of influence
- Follow up with clients and customers
- Prepare contracts for purchase and presenting offers for buyers, and offers from others to your sellers
- Complete market evaluations
- Show homes to prospective buyers
- Prepare and present listing proposals and marketing plans
- Facilitate communication between all the parties involved in the transaction
Do some research on becoming an agent now by trying our Career Center Tools, click on the tabs above, where you can:
- Play the role of an agent.
- Interact with virtual clients interested in buying or selling property.
- See how you measure up to the top performers in the industry.
About scott30483My name is Scott and I like to travel. There I said it, wow that does feel better. There is probably a program for my affliction somewhere. I am what I would consider a Normal Guy. I am a native Arizonan, sometimes we are called “Zonies”. I am in my mid 40′s and enjoy a great life. I am self employed and have a wonderful daughter and Partner. Although I would say my life is a fairly normal one, I am also quite lucky in that I have the ability to travel and enjoy the world, I enjoy learning about other cultures and experiencing the world around us. I want to be right upfront about the type of travel I enjoy and the type I don’t. You will probably not ever read a story of about me backpacking my way through the serengeti during the height of summer, nor will you probably read any stories of me sleeping in the presidential suite of the Ritz Carlton in Paris. I am not a budget traveler, nor am I an uber luxury traveler, I fall somewhere in the middle, where most people fall I believe. I started this blog for the sole purpose of sharing my stories, my views and my excitement for traveling around this world with my friends, family. However it doesn’t stop there for me, I also wanted to make friends with others around the world, those who travel and those who dream of travel. Blogs and Websites evolve over time, mine will no doubt expand over time as well please come back and see what has taken place. However if you have come to my blog to schedule a flight or a hotel, this is not the place.
Posted on April 9, 2013, in Business Planning, Career Stories, New Real Estate Agent, Real Estate Resources, Veteran Real Estate Agent and tagged Arizona Real Estate, becoming a real estate broker, BHG Real Estate, Buying, Career Change, Homes, New Agent, professional realtor, professional realtors, Real Estate, real estate career, REALTOR, Sales, Selling, Sonoran Desert Lifestyles, Success. Bookmark the permalink. Leave a comment.