If you're like most people, the pandemic got you thinking about how work fits into your life. Many people are looking for a career change that provides more personal freedom and flexibility. But how do you change careers in midlife without having to invest in years of college or take a financial hit in entry-level work?
If you live in California, the answer may lie in real estate. A career in real estate is one that you probably already have the skills for, and you can earn the required licensure in your spare time. California is also home to some of the most sought-after real estate markets in the world, so business is booming. Here's what you should know if you're considering a career switch to real estate in California.
Real Estate Careers Are Growing in California
The number of real estate careers in California is expected to grow by 7.6% through 2028, making now the ideal time to make your career move into this exciting field. That translates to 23,730 new openings for real estate agents in the Golden State, so getting your real estate license is an investment that should pay off. Agents will be in demand in the coming years.
That's not surprising, given that California is home to some of the most expensive and sought-after housing markets in the country. And while it's true that the housing market is expected to cool a bit over pandemic highs, California is still the largest state in the country by population. In most years more people move into the state than leave. Those people will all need the services of a knowledgeable real estate agent to help them buy their California dream home.
And remember, even in years when slight population declines occur, those folks will still need a seller's agent to help them get the best price for their home. With a real estate license, you don't have to worry about timing the market, because your skills will be in high demand in both buyers' and sellers' markets.
Soft Skills Matter
Real estate is a field where success relies largely on your interpersonal skills. You'll need to be a good listener who can empathize with clients and walk them through the emotional challenge of buying or selling a home. You'll also need to be smart, strategic, and organized.
The good news? You've probably already developed many of these skills already in your first career, whether that was teaching kindergarten or working in a busy office setting. It's experience, not education, that's the biggest driver of these skills. As someone who's been in the workforce for 20-30 years, you have more of these skills than ever — making it the perfect time for a real estate career switch.
Licensure Is Easier Than You Think
Unlike becoming a teacher, doctor, or engineer, earning a real estate license doesn't require a college degree. To qualify for a California real estate license, you just need the following:
Be at least 18 years old
Live in California
Pass three 45-hour courses with a score of 70% or better
Pass the multiple-choice licensing exam with a score of 70% or better
Work with a sponsoring broker
Pay the licensure fee
Pass a background check
Best of all, you can complete your coursework from the comfort of your own home. Aceable Agent offers a California real estate school course designed specifically for midlife career changes. Check it out today, and you could be on your way to a fulfilling new career in months, not years!