Real Estate Agent and Trainer, Robert Rico, explains the benefits of a real estate career, and also explains what you need to know before choosing this career. Do you want to see more video blogs? Subscribe here!
There are many positives to being a real estate agent – listen to Rico explain some of his favorite things about the profession in this week’s video blog! As always, we’ve taken a fair amount of time to bring you this installment and we want to keep that theme going into today’s topic — why become a real estate agent?
Real estate, more than a lot of other careers, will reward you for working hard and putting a lot of sweat, blood, and tears into the game. It all starts off with what you put into it — are you really tackling your education and license, or are you slow about it? Once you’ve got your license, are you diving right in or are you just dipping a toe in the water? The rewards you reap should be directly proportional to the work you sow.
There are three main benefits to being a real estate agent:
- Financial Gains
One of the main adjustments when going from an employee job to a real estate job, is the pay structure. You can go months without a paycheck — but when you get a paycheck, one paycheck can be thousands or tens of thousands of dollars!!! Please visit our blog, How Does A Real Estate Agent Get Paid, for more information on a Real Estate Agent’s pay.
- Flexible Schedule
There is so much flexibility when becoming a real estate agent. Though you do have to stay dedicated by yourself, there is so much more freedom. For example, if you’re not good at the phone in the morning, you could make that an activity you do in the afternoon or evening. If you’re a night owl, you can spend your nights continuing your education or setting your schedule so that you can make it to social events and other non-work activities that you prioritize. Real Estate Agents may work long hours and irregular days, but their schedule is definitely flexible so they can best meet their specific needs.
- You’re the Boss!
Do you have to ask for vacation time? No! Do you have to call anyone when you’re sick? No! All this freedom of working for yourself means you only have to ask yourself if taking that vacation is acceptable to the company — the company being you. This can be a double edged sword sometimes, so remember to keep responsible and keep yourself accountable.
These benefits are great, but it’s extremely important to remember that it takes time to start in real estate. Unlike other employee jobs where you start and get weekly paychecks, real estate can have months-long dry spells where you have to live from your savings. We do recommend 6-12 months of living expenses saved up before you plunge into real estate full-time. In this way, a career in real estate is like investing in the stock market — there is usually a great payoff, it’s just not instant.
When you are a real estate agent, since you are your own boss as we just previously discussed, one of the most important skills you’ll have to develop is time management. It’s absolutely crucial to get everything done on time, keep your business and brand growing, and ensure that you can actually have a work/life balance. One of the things that really works for agents is “time blocking” — setting aside chunks of your time for certain activities, and having a hard stop at the end of each block so that you evaluate how efficient you are.
Efficiency is key to being an agent – there are a lot of moving parts to coordinate, and some agents can spend hours and hours every day doing menial tasks that are not helping them advance the deal! Utilize your time wisely, and really think about what you’re doing and why. If you are not focusing on your efficiency, you could either drop a ball, or completely lose a work/life balance.
As we’ve said, you’ve gotta put in the work!! Rico says it, we’ll say it, everyone should be saying it to you. Real estate is not for the faint of heart or weak-willed. If you want to reap the awesome rewards that can come from a real estate career, it’s essential that you put in the time. It can really help to spend time thinking outside the box — being different is what will set you apart.
Another thing to keep in mind as you are the one running the show — it’s important to have a good team behind you! We’ve covered this a little in some other blogs, such as our Support Team Blog and our Brokerage Blog. Whether your team is a brokerage, assistant, or transaction coordinator, you want to make sure you have a good one. You’re the brand out there, but they help you do a lot of work that makes the deals run smoothly, so it’s crucial to mesh well with your team.
To recap, we have 4 easy steps to follow:
- Time Block
- Put in the time and effort
- Think outside the box
- Have a good team behind you
So, if you take and apply the (easy) tips we’ve given you and really polish them, your real estate career will flourish, your finances will improve, and you’ll finally be your own boss!
We can’t wait to hear from you how our blog has helped you improve your new real estate career. If you have any questions, drop us a line on our Youtube or in the comments section – we’ll gladly answer them with a video and article!
For more information, please check out our other blogs on the subject: