I remember when I first got into real estate I had a many, many questions. But one that I remember distinctly to this day, “Is it too competitive to become a Realtor right now?” It seems like there are a lot of agents and I wanted to make sure that I had a chance to succeed. The same question applies in todays market.
It is not too competitive to become a Realtor right now if you are committed to being learning based and immerse yourself into training that focuses you on performing lead generation activities on a daily basis, like the programs offered by Keller Williams and other coaches.
There comes a time in life when you have to choose a career path. There are many career options out there, but not all of them are right for you as they don’t meet your credentials. But it is important to know about each career option before choosing one. Among the variety of options out there, being a Realtor is an admired one. But why choose it as a career?
If you want a flexible working hour with the capability of earning $100,000 or more, then being a Realtor or a broker is a career you should explore. But as it is a crucial decision, you should do the proper research beforehand.
We recommend you go through this article if you ever asked yourself, “Should I become a Realtor?” as here we are going to talk about this career option more thoroughly to help you with your decision.
What Does It Mean To Be a Realtor?
A Realtor, also known as a real estate agent or real estate broker, is a salesperson who is licensed to sell or buy real estate. He arranges renting or sells for the owners of buildings and lands.
Whenever you are in need of a new house or any property, he’ll help you get it according to your requirements and your budget.
Is a Real Estate Agent a Good Career Choice?
There are a lot of reasons why someone should lean toward choosing real estate as their career. One of the most important reasons is that it gives you flexible hours. You have the freedom to establish your own pace. Another reason is that there is no limit to your earning. Your range of income depends upon your efforts as there is no fixed paycheck.
This career not only gives you flexibility and high-income, it also provides you with social status and the feeling of worth by helping people. So, all in all, it is an excellent career choice.
How to Get Started on a Realtor’s Career?
To get started as a Realtor, at first you will need an real estate license. It is actually the easy part of this career as the hard part is the commitment that it requires. As mentioned, earlier, a Realtor’s income and success solely depend upon his efforts, his commitment to cause. Without being goal-oriented, ambitious, and self-motivated, success may be difficult in this career path.
The first step of this job function is becoming a sales agent. And to be one, you will have to take a real estate course, pass the state exam to get a license and then work under a licensed real estate broker. After gaining enough experience, you will reach the next step, which is becoming a broker. After this you will have to give your second exam and then finally, you’ll be able to work independently.
The Skills a Realtor Requires
A Realtor needs to have a number of skills in order to be successful. Let’s talk a little bit about these skills.
Managerial skills: Sometimes a Realtor has to deal with several clients at the same time. So, this skill is very important for him to successfully organize the tasks at hand so that he doesn’t end up disappointing his clients.
People Skills: this is a must-have requirement because with having it a Realtor cannot communicate with his clients properly.
Business skills: As it is a self-employed job, a Realtor must be able to manage all the areas of his business.
What Does a Realtor Do?
A Realtor has many duties to perform. These duties vary depending on whether he is representing the buyer or the seller. Now, we are going to talk about the duties of a Realtor for both sellers and buyers.
- Helps the clients find a new home according to their requirements, while complying with all applicable fair housing laws and regulations.
- Points out the attributes of each home and helps his client with the comparison of different properties.
- Helps the client set up the property to make it appealing for prospective buyers that include setting up with new furniture.
- Negotiates on behalf of both the seller and the buyer and ensures a win-win price for the property.
- If the clients want to sell their property quickly, a Realtor also arranges open houses and hosts it.
Real Estate Career Opportunities
There are a great number of opportunities you can choose from just by having a real estate license. Now, we are going to talk about some of those opportunities to help you gain your confidence in this career.
- Commercial Real Estate Agent: A commercial real estate agent singles out and ensures locations for new and old businesses. It can be about leasing office space or it can be about finding the right location for a coffee chain keeping in mind the requirements of both the area and the client.
- Real estate broker: A real estate broker is a licensed professional who is hired to manage different agents and the real estate office because of his qualification due to having additional education.
- Property Manager: It is a tempting career choice. The responsibility of a property manager is to ensure that the property is running smoothly and keeping its end of the bargain of making good money. The duty of a property manager can also be outsourced.
- Real estate investor: A real estate investor can be both active and passive. An active investor first buys a property and then flips it according to his taste and then sells it. And a passive investor puts his money in a project without being totally involved.
Is Being a Realtor Too Competitive?
Being a successful Realtor doesn’t depend upon the number of Realtors out there in the marketplace. It solely depends upon how hardworking you are and how much time you are willing to donate to this profession. If you have the right training and the right skills that you need to stand out among others, succeeding in this field won’t be that much hard.
In this day and age, there are very few professions that can be called non-competitive. Maybe even none at all. It all boils down to what you bring to the table. So, with a bit of hardwork and perseverance, you are sure to succeed working as a Realtor.
Advantages & Disadvantages of Being a Realtor
Just like any other career, being a Realtor also has its ups and downs. There are always two sides to each story. Now we are going to provide you with the advantages and disadvantages of being a Realtor.
- Great income.
- You can be your own boss as most Realtors work independently.
- Being a part of your client’s one of the most beautiful moments.
- Getting started is quick and painless.
- Being a Realtor is motivating and appealing.
- You get to choose your own schedule as it gives you full flexibility.
- The income depends upon your skills and not the amount of time you’ve worked.
- Being a Realtor can sometimes be challenging because of the tension that most clients face as it is not a regular purchase.
- Your paycheck is not certain as it depends upon the commission.
- Without setting your work time properly, this job may seem more time-consuming.
Real estate is not only a career for you, but if you are passionate about it, it can give you the satisfaction of helping others as well. Choosing this as your career, may not be as challenging as you think it will be if the description of this job matches your credentials.
In this article, “Should I become a Realtor?”, we have given you all the necessary information you will need to understand if being a Realtor is the career path you’ve been searching for.
We hope this little guide was of help to you . We wish you the best of luck with your future profession. Thanks for stopping by.