What You Need To Know Before Choosing A Career As A Real Estate Professional
Are you looking to build a career in a field that allows you the liberty to experiment and be your own boss? Do you enjoy being competitive, facing challenges, and using tactical strategies to develop solutions? If you said yes, the real estate industry is ideal for you to build a satisfying career.
As a real estate agent, you get to be your own boss, earn based on your performance, and take vacations whenever you desire. Additionally, you get to be creative and develop plans for clients while also taking charge of your own growth. However, before you commit to this industry, you need to understand the essentials to initiate your real estate career and how to succeed. To help you see what’s required, Eco-World Property Management has explained what you need to know before choosing a career as a real estate professional
For you to become a real estate professional, you need to take a course from the Sauder School of UBC. After passing the exam at the end of your course, you can acquire a license as a real estate agent or property manager. For this, you will need to enroll in a Post Licensing course. At this time, you can start working with a real estate company and acquire training to learn the ropes of this business and deliver high-quality service standards.
Besides educating yourself about the real estate industry and the work you will be doing, you also need to build a few skills to excel. Some of these skills include honesty, negotiation, local knowledge, a good work ethic, passion for delivering results, and knowledge of the purchase process.
Additionally, you will require strong communication skills, interpersonal skills, and the ability to work with a team. Becoming a real estate professional involves communication with several individuals like property buyers, sellers, evaluators, inspectors, lawyers, and many others. If you have the skills that we’ve mentioned above, you should find it easy to engage with clients and other individuals to carry our your job requirements.
The opportunities and challenges
As we’ve already mentioned, joining the real estate industry comes with several benefits, and the earning from this job can also be significant. As a professional real estate agent, you’ll receive an income based on commission. That is, the more you sell, the more you will get paid. Usually, at the entry-level position, the earning could be anywhere between $3000 to $5000 on average. But, with the support of a well established real estate company, you have several growth opportunities.
At Eco-World Property Management, our existing agents are top producers. As a new member, you’ll begin as a team member, co-worker with other sales associates, or you’ll work as an independent agent and start to build your own portfolio. This will allow you to test the waters yourself and seek assistance when necessary.
Once you establish your own clientele, you will generate a consistent stream of income. There is no limit to how much you could earn as a real estate agent, it is really up to you. Our top producers earn approximately $30,000 in a month.
When it comes to challenges in this industry, putting in several hours of hard work will be the toughest. Similarly, you’ll need to be prepared to overcome curveballs thrown by the real estate market. If you cannot work on the correct path, you may fail in this industry as there is a lot of competition in the field. Outperforming your competitors is a key priority, and the best way to do this is to ensure your clients are satisfied with your services.
If you’re interested in becoming a real estate agent, reach out to Eco-World Property Management. We are a well-known property management company in the Lower Mainland, and we have over thirty years of experience in various areas of the commercial and residential real estate market. To share our knowledge with others, we provide trainings to all our new agents. We also have monthly meetings for our agents to discuss all the problems they are facing and to encourage learning from each other.