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Well, I'm back to get some honest advice about a career change. I have been a SAHM for years and worked off and on part time gigs as well as hustled for my own business a few years back. I am wanting to find out more about becoming a real estate agent or if it's a total waste of my time. Why would I say that? Well, I currently live in a city that I had to relocate to for my husband's job, and I know absolutely NO ONE, and to add we are considering an out of state move. Now how would that work for someone with no contacts or real estate experience at all? I do believe I am a hard worker, but not sure if this is something I could excel at. I need to know what a realistic picture looks like. What steps would I have to take to be successful? If I am being honest, I have always wanted to direct my own drill team and take my team to nationals, etc. That could still be a possibility, but I still have 2 years of school left (you have to have a teaching certification) and with the way the education system is going, I am not sure my heart is in that anymore, plus I'm not getting any younger. I realize that it's a 24/7 on call gig and that I have to be available to my clients anytime they need me to be. I have experienced this before, being a small biz owner. I do like the idea of owning my own business again and selling. It works well with my ADHD. Just saying. Lol
Oh my.....anxious to see how the Pros get after this one.
My own observation is that there are a lot of people in the industry with your sort of background. Maybe sell a house or two each year, and collect a little Christmas money. It's one of the reasons the industry has such a bad reputation.
Others may find differently...
And as far as you are concerned, why not? If you can find clients willing to deal with you, and cover the licensing/start up costs, and don't have to get paid for a year or so, go for it. Judging from the number of people in the industry just like you, it apparently can be done.
You can build a business knowing no one in an area, but it takes 3-7 years to make any kind of decent salary so if you are thinking about an out of state move, it doesn't make sense to get your license.
I think I agree with you Silverfall. Just doesn't make sense to get into it here in Texas, but I was actually wondering if there was any hope in starting in a new state. Seems like it would be a real uphill battle even working with KW by my side. Curious if anyone has gone through this. Thanks for the honest feedback.
I agree with 2bindenver -- why not work in a real estate office and see if you even like the work? I guarantee you it's very different from what you think it is. :-) If you're accustomed to hustling, detail-oriented and quick to learn, you can probably find a job as an assistant and begin learning.
Don't go to all the trouble of getting your license there if you are going to be there less than 3 years. It takes 18-24 months to start producing a consistent income, and that's if you're working at it methodically and purposefully every day. I think it would be a waste of your time at this moment in your life, frankly -- spinning your wheels, trying to build up a business when you're going to be walking away from it soon.
You might find it helpful to try to identify companies both where you are now that are also where you will be moving to. For example, learning the KW systems is transferable from one office to another -- there will be differences, such as MLS operations, and local customs, but knowing the KW (or whatever company you choose) systems will help you transition more easily,
I think I agree with you Silverfall. Just doesn't make sense to get into it here in Texas, but I was actually wondering if there was any hope in starting in a new state. Seems like it would be a real uphill battle even working with KW by my side. Curious if anyone has gone through this. Thanks for the honest feedback.
Yes and joining a team can help you get buyer clients from the team. Then when you have a bit of a referral base you can move out onto your own if you want.
I'll second the team idea. If you can get on a successful team your chances of making some money dramatically increase. Real estate sales is an expensive hobby, with all the fees, if you don't have a good plan to get customers.
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