The real estate and property management industries are booming. Though the housing market suffered a sharp decline following the financial and economic crisis of the mid 2000’s, it has begun to make a strong comeback as the economy continues to improve. In fact, the property management industry generates a whopping $69 million in revenue annually and employees nearly 744,614 people. Not bad. Additionally, over the course of five years, between 2009 and 2014, the property management company grew an estimated 3.1% annually.
Likewise, the real estate industry is also experiencing growth, not just in home sales, but in careers. Many people, from recent college graduates to retirees, are turning towards the real estate industry in order to revamp their careers or supplement their incomes. Real estate agents not only have the opportunity to expand their professional experience and portfolios, they also have the opportunity to make buyers’ dreams of owning the perfect home come true.
What does it take to become a real estate agent? Becoming an agent is a lot more than showing modern luxury homes for sale. It’s about building a connection and trust with buyers. Getting your real estate license is the easiest part, as most people find that the classes and exams for licensing turn out to be less difficult or fearful than they originally anticipated.
During this time however, it is important to have an additional or back up source of income. Following the first few months of obtaining your license, it will take sometime in order to brand yourself and build a reputation as a real estate agent in your area. Thanks to the internet, branding oneself is easier, faster, and more effective than ever before. Start by having a professional, yet inviting social media presence. Platforms such as Facebook, Twitter, Instagram, and even YouTube are excellent avenues in not only creating a presence and communicating with potential buyers, but also for displaying beautiful luxury homes.
In your first few months as an agent, it may be a good idea to work or shadow closely with an experienced and successful agent or broker. Becoming a successful real estate agent isn’t all about sales. You’ll need to be able to thoroughly understand and explain documents in great detail, and things such was surveys, liens, deeds, title insurance, encumbrances and more. You’ll be able to do so with confidence if you have prior, hands-on experience with these documents outside of what you learned during classes.
The real estate industry offers a fun, exciting, and rewarding career opportunities. Keep in mind, it’s important to have a plan, build a solid reputation, and work diligently. By helping buyers find their dream home, you may have found your dream job.
