If you're considering a career change, you may be wondering: Is real estate a good career?
For the right person, real estate can offer flexibility, income potential, independence and the opportunity to build a business of your own. But a successful career in real estate also takes motivation, consistency and a willingness to put in the work. Take our quick Real Estate Career Assessment to see if a career in real estate could be a good fit for you.
Before deciding if becoming a real estate agent is right for you, it helps to understand both the opportunities and the realities of the business.
What Makes Real Estate a Good Career?
There isn't one type of person who succeeds in real estate. Agents come from all kinds of professional and personal backgrounds.
For many people, the biggest benefits of a real estate career include:
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Building your own business. You can develop your own client base, reputation and goals while using the resources and support of your brokerage.
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Income potential. Most real estate agents are paid through commissions rather than a traditional salary. Your income isn't predetermined, but it also isn't guaranteed.
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A flexible schedule. You have more control over how you structure your time, although clients may need you during evenings and weekends.
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Helping people. Buying and selling real estate involves major life and financial decisions. You get to help people navigate those important moments.
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Opportunities for growth. Your career can evolve into different specialties, leadership, investing, property management and other areas of the real estate industry.
For someone with an entrepreneurial mindset, these can make real estate a very rewarding career.
What Are the Challenges of a Career in Real Estate?
Real estate isn't a get-rich-quick career, and getting a real estate license doesn't automatically provide you with clients.
New agents need to be prepared to build relationships, generate business, follow up consistently and develop their skills.
Income can also be unpredictable, particularly when you're first getting started. Unlike a salaried position, you aren't paid simply for the hours you work. It can take time to develop clients and close your first transaction.
The flexibility of real estate also requires self-discipline. You may not have a boss telling you what to accomplish every hour of the day. Successful agents learn to manage their time and consistently do the activities that grow their business.
What Skills Do Successful Real Estate Agents Need?
You don't need previous real estate or sales experience to become a successful agent.
Some of the most valuable qualities include:
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Good communication skills
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Organization and reliability
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Consistent follow-up
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Problem-solving skills
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A willingness to learn
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Comfort meeting and talking with people
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Self-motivation
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The ability to adapt
And no, you don't have to be an extrovert or have a traditional "sales personality." Listening, communicating clearly and building trust can be far more important.
Is Real Estate a Good Career for Someone Changing Careers?
It certainly can be.
People enter real estate from an incredibly wide range of backgrounds. The skills and relationships you've developed in another career can often become an advantage when starting a real estate business.
You also don't need a four-year college degree to become a real estate agent. Each state has its own education, examination and licensing requirements, making real estate a career that many people can transition into without spending years going back to school.
Is Becoming a Real Estate Agent Worth It?
Ultimately, that depends on what you're looking for.
If you want a guaranteed paycheck, completely predictable hours and someone else determining your daily schedule, real estate may not be the right career for you.
But if you're looking for greater independence, flexibility, income potential and the opportunity to build a business of your own, a career in real estate may be worth exploring.
Could Real Estate Be a Good Fit for You?
Wondering whether your personality, goals and work style are a good match for a real estate career?
Take our quick Real Estate Career Assessment to find out.
Ready to Learn More?
CENTURY 21 North Homes Realty's Career Development team helps people throughout Washington and Oregon explore careers in real estate.
Whether you're just starting to research becoming a real estate agent or you're ready to begin the licensing process, we're happy to answer your questions and help you understand your next steps.
Call or text: 206-673-3120
Email: C21Careers@C21NHR.com
​Listings courtesy of Patrick Smith, CENTURY 21 North Homes. Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way
responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley
Multiple Listing Service may not reflect all real estate activity in the market.