Becoming a Real Estate Agent – 4 things to Consider First

by Everyday on June 7, 2011

Many people dream of becoming a real estate agent. Showing homes, flexible hours, and the prospect of making thousands of dollars on a sale can seem glamorous and enticing. To be sure, becoming a real estate agent can be a rewarding and lucrative career choice. However, it isn’t a good match for everyone. Before embarking on your exciting real estate career here are a few questions to consider.

Do you connect well with others?

Connecting well with others is a little bit different than being a people person. Many people have the abilityto talk to everyone they meet, engage in conversation, and talk about almost anything. However, having the ability to connect with others is different than simply being able to talk to many people. When you connect with another human being there is a bond between both of you. Asa real estate agent, it is vital that you connect with your client through this bond. After all, your client will be trusting you with one of the biggest purchases (or sales) of his life.

Real Estate Agent Becoming a Real Estate Agent   4 things to Consider First

Do you enjoy working odd hours?

If you are the type of person that does best with a set and structured schedule than becoming a real estate agent will not be an ideal career choice for you. Real estate agents can work days, nights, and weekends. In addition, these day, night and weekend hours will change from week to week. As a real estate agent, you will need to work with your client’s schedule. If you cannot stand a typical Monday through Friday, nine-to-five job, the varied hours of a real estate agent could be a wonderful match for you.

Does the prospect of a commission based career excite you?

Real estate agents work on commission. A real estate agent gets paid when her clients buy or sell their homes. Many people love the challenge of a commission based career. Types of people that do well in commission based careers are people who thrive on the excitement of the unknown and have faith in their ability to make a leap. As a real estate agent, you need to be okay with receiving your income sporadically throughout the year.You should also be able to budget and save well. A commission base career is not for the faint of heart.

Do you have the start-up costs associated with becoming a real estate agent?

Start-up fees will include money up front for pre-licensing real estate courses, your real estate exam, and for your real estate license. These costs can vary widely from state to state. Generally speaking, the three combined can run you anywhere from $450 to $700. In addition, there will be ongoing office fees and realtor dues as well. Again, these fees and dues will vary greatly from state to state but can run you an average of about $1000 a year. For an established real estate agent $1000 a year can be just a drop in the bucket, but for a new agent just starting out these ongoing fees and dues can be quite expensive.

Becoming a real estate agent can be a fantastic and exciting career choice. As with any career move, it is important to be well informed before diving in head first. There is no set formula that will determine if you will become a successful real estate agent. However, by asking yourself the right questions beforehand, you can determine if you will likely be a good match for a career in the real estate field.

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