Thinking about a midlife career change? If you’re like 1 in 5 people then you’ve probably considered a real estate career.
Real estate is one of the best career paths to transition to when you’re ready to make the switch due to its flexibility, freedom and the fact that almost anyone can be a real estate agent. All you need to do is get your real estate license.
For aspiring real estate agents in Texas who are wanting to make the switch, you’re not alone. According to the Texas Association of REALTORS®, the median age for a Realtor or real estate agent in Texas is 52, and only 3% reported that real estate was their first career. Just as important, 85% of the real estate agents say they are happy they got their license.
With those kinds of numbers, it’s safe to say this point in life is a great time to jump into real estate. We’re sure you have a lot of questions about doing just that, so let’s answer a few!
What is a real estate agent's schedule like?
Whether you have kids or you’re an empty nester, the typical 9-5 office schedule may not be what you’re looking for anymore. Now that the kids are older or out of the house, you likely don’t need to be home on evenings and weekends as often. Getting your real estate license is the perfect opportunity to create a schedule that best fits your lifestyle.
Because that’s one of the biggest perks of being a real estate agent. You create your own schedule to fit your lifestyles and needs.
How risky is it to become a real estate agent?
At this stage in your career, you’ve probably already had a stable job and a steady income. This is especially helpful when embarking on your first year in real estate. If you’ve already built a career and have savings or a steady stream of income, you have a lot more to rely on when you’re starting out so there’s less risk.
Rather than jumping in at the beginning of your career, before you’ve made an income or have experience with money, you can be more financially prepared and knowledgeable when you switch to real estate at this time in your life. There’s risk with starting any new career, but you should be in a good position to minimize the risk of entering real estate.
What are the background requirements to be a real estate agent?
While real estate relies heavily on sales skills, there are many other qualifications that can lead to a successful career in the industry. If you’re thinking about making the switch to real estate, don’t fret if your career thus far has not been in sales. Real estate combines a number of other skills like marketing, finance, communication and customer service.
As a real estate agent, many of the skills you’ve mastered over the years can be seamlessly transferred into your new career, and those you don’t have can be learned. In fact, real estate courses that teach you some of those skills are one of the requirements for becoming an agent.
Just about anyone can meet the basic requirements for being a real estate agent. The requirements for getting a Texas real estate license include:
Must be at least 18 years old.
Hold a high school diploma or GED.
Complete Texas real estate courses with a TREC-approved educator - there are six courses that total 180 hours
Submit an application and paying the application fee.
Get fingerprinted for a background check.
Pass the pre-licensing exam.
Find a brokerage to work for once you’re licensed.
Fast Fact: In Texas, all real estate agents must work under the supervision of a licensed brokerage if they want to get an active real estate license.
How does a career in real estate affect your social life?
Once you’re in your 40s and 50s, meeting new people can be harder to do. At this stage in life you’ve already met the neighbors, other parents and coworkers. If you’re a social person and love meeting new people, it may be time to think about getting your real estate license and shake up your social circle.
From buyers to sellers to fellow agents, real estate agents meet countless people each week. By getting to know other agents and spending plenty of time with your clients, you’re bound to form lasting relationships for the next chapter of your life.
So, why is real estate the best choice for a midlife career change?
It gives you a more flexible schedule.
You have the experience necessary to start a new career responsibly and minimize risk.
It doesn't require you to have a specific background.
It allows you to meet new people and continue to develop your social skills.
What are you waiting for? There’s no better time to take the first step towards becoming a Texas real estate agent!
*This article was updated on 10/14/2020