If you’ve ever watched Selling Sunset, you may think a real estate agent career is glamorous, exciting, and lucrative. And it can be. But it takes a particular skill set and personality to be successful in this business. Despite what you see on reality TV, there’s more to real estate than stirring up drama in 4-inch heels or a dapper suit.
So how do you know if real estate is a good career path for you?
In this article, we’ll dive into 7 signs that may indicate if real estate is your calling. We'll also discuss some pros and cons of being a real estate agent and offer other tips for anyone wanting to pursue a career in this exciting industry.
Do you love scouting out properties, watching home renovation shows, and imagining your own dream home? If you have an appreciation for homes, then pursuing a career in real estate makes perfect sense. Passion may be why real estate agents have higher job satisfaction than workers in other industries.
Here are more signs that real estate might be a good fit for you:
Real estate is a people-centric business. Real estate agents foster relationships with buyers, sellers, and other agents, with the primary goal of making their clients happy. The most successful agents go above and beyond to meet their clients' needs, guiding them through one of the most important decisions of their lives. If you enjoy helping people realize their dreams, you might feel at home with a real estate agent career.
An important aspect of working with people is mastering effective communication. Much of this is understanding how to tailor your communication style to each individual. Some people crave every detail, while others may prefer you cut to the chase. If you’re a good listener who communicates clearly and knows how to read the room, there’s good reason to start exploring a real estate career path.
As a real estate agent, you'll be negotiating deals regularly with buyers, sellers, and other agents. Negotiation will be a crucial part of your job, so it’s one skill you can’t take lightly. Your ability to negotiate can have a big impact on the outcome of a property transaction and can even be the difference between a successful or failed sale. Being a skilled negotiator will help you secure better deals for your clients and earn higher commissions.
If you have the passion and motivation to work independently, a real estate agent career may be a good fit for you. But be aware that a successful career won’t happen without hard work and dedication. You’ll need to build a network, generate leads, and do whatever it takes to close a deal.
Like salespeople, most real estate agents constantly strive to surpass their own goals. If you’re someone who thrives on seeking out new opportunities, then a real estate career path is worth exploring.
If you’ve ever watched Million Dollar Listing, you know that a real estate career can be fiercely competitive. Will you have ongoing feuds with other real estate agents? Probably not. Most real estate agents don’t have time for the melodramatic moments of reality TV shows (even if they are fun to watch).
In the real world, healthy competition keeps you on your toes and pushes you to develop better selling strategies. Whether driven by money or bragging rights, your competitive nature will work in your favor.
The real estate business is constantly evolving, so you’ll need to keep your finger on the pulse of this ever-changing industry. It’s crucial for real estate agents to stay updated on the latest trends, technology, and local regulations. If you’re someone who is open to learning and growing, you’ll have better success navigating a career in real estate.
If you’ve ever purchased property, you’ve seen the mind-boggling paperwork required to wrap up a sale. You must be organized and detail-oriented to spot potential problems before they become significant.
A real estate career can be lucrative and fulfilling, but like any job, it has its ups and downs. Before deciding to become a real estate agent, explore the pros and cons to know if it’s the right profession for you.
When you find the perfect house, you just know. The same can be said for finding the right business insurance. At Simply Business, we understand the insurance needs of real estate professionals and offer customized policies that fit your needs and budget.
Insurance is essential for all businesses, particularly small business owners. It safeguards you and your business from unexpected risks. Real estate insurance may include a variety of policies, depending on your business and what kind of coverage you need. Here are three core policies for a real estate business that we recommend:
General liability insurance covers costs from third-party accidents, property damage, and bodily injury caused by your business. Without this type of coverage, your business may be responsible for those costs.
Professional liability insurance, also known as errors and omissions insurance, covers claims that may not be covered by general liability insurance — such as the costs associated with claims or lawsuits of negligence.
In most states, if you have employees (even part-time or temporary), you must have workers' compensation insurance. This policy protects your business if your employees get sick or injured while on the job.
Starting a real estate business requires a lot of hard work and dedication. Protecting it with the right insurance can give you peace of mind and help you focus on growing your business. At Simply Business®, we make finding insurance easy and quick. Get started today with our free online quote tool, designed to get you a quote in minutes.
While a career in real estate comes with challenges, for some people it's the perfect fit. If you enjoy helping people, value flexibility, and are ready to be your own boss, you may discover that you have what it takes to turn this dream into a reality.
I've always loved to write and have been lucky enough to make a career out of it. After many years in the corporate advertising world, I'm now a freelance writer—running my own show and contributing to Simply Business. Fun fact: I have three desks in my house, but I still do my best thinking walking in the woods.
Susan writes on a number of topics such as workplace safety, customer sales, and workers' compensation insurance.
This content is for general, informational purposes only and is not intended to provide legal, tax, accounting, or financial advice. Please obtain expert advice from industry specific professionals who may better understand your business’s needs. Read our full disclaimer
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