How Difficult is to be a Real Estate Agent
Being a real estate agent sometimes seems too easy. Thanks to Hollywood’s portrayal of the high-end life that real estate agents have, sometimes it can seem that it’s easy to achieve. It promises so much and it seems as if it doesn’t take any effort. But the reality is quite the opposite. Being a real estate agent requires a specific mindset, the setting of skills and generally the will and the love for what you do. So, the question that all newbies in the real estate field should be interested in is how difficult it is to be a real estate agent and “do I have what it takes to be successful in the competitive real estate field”.
It’s a hard question that requires us to be honest with your own self but it will definitely impact your decision-making process. Here we present some tips that might help you answer that life-changing question.
Do You Have Time Management Skills?
Let’s be honest, one of the traits that attracts people to the real estate industry is the possibility of having a flexible schedule. But what people don’t realize is that having a flexible, non-structured schedule basically requires amazing time-management skills. Why? Because flexible schedules sometimes mean overworking and overworking is a straight road to burnout, which happens really frequently amongst real estate agents. Without a structured schedule, real estate agents can sometimes fall into a bad habit of procrastinating. Especially, from the beginning when they don’t have as many deals.
So, this is the first question you need to ask yourself: do I have time-management skills?
Can You Be Your Own Boss?
It happens pretty frequently that a real estate agent isn’t working in a traditional style company and alternatively, is his own boss. Being your own boss sounds cool but it’s very hard work. There is no one that will tell you what’s right and what’s wrong, you will be figuring everything out by yourself. It’s literally a trial and error situation. It sounds pretty scary but don’t worry, you’re not the only one. Every real estate agent faces that kind of situation.
Being your own boss means that you will be setting up your business on your own, you’ll need to track your progress and set new goals in order to keep growing your own brand. So, here is the second question you need to ask yourself: can I be my own boss?.
Are You a Social Person?
Being a real estate agent means that you will have tons of meetings, whether it’s with your potential leads, actual clients or your fellow agents. Networking and building a strong social capital is an integral part of the real estate agent’s work. From now on, you will need to change the way you perceive interactions with people. Every person you’re having a conversation with can be your lead and a potential client.
Let’s Talk About Self-Development
Having a real estate agent’s license isn’t enough to be a successful real estate agent. Being a professional and expert in every field means preaching constant self-development. The real estate field is no exception. To stay on top in such a competitive field, you’ll need to set aside yourself from your fellow colleagues. How can you do that? By showing more expertise and providing a better service than them. For you to do that, you need to take many additional classes that will improve your qualifications.
Investments in Your Business
In order for your business to be recognized nowadays, you need to have a certain online presence. And if having a social media accounts are free, having a website, that nowadays is basically a must-have, is an investment. You want to have not just any website, but a website that will perfectly reflect your brand’s politics and represent it correctly.
Fails and Rejections are Part of Your Job
It’s a hard truth. Failures and rejections are part of the real estate’s job. Not every lead will become an actual client. And not every client will want to continue the partnership.
What is Your Niche?
Figuring out what niche to choose can also be challenging. As every real estate agent will tell you, choosing your niche is a must. But there are many niches and every one of them has its advantages and disadvantages. If you’re interested in this topic, please visit What Are the Most Profitable Real Estate Niches.
So, with all that said, it is clear that how difficult being a real estate agent is, is completely subjective to the person. If you are comfortable with some or all of the things mentioned in this article, then the career might be a perfect match!
P.S Still have questions about the real estate field. Check out this article Top Legal Issues for Real Estate Agents and Brokers