Why Real Estate May Be the Career Change You’re Looking For

If you are considering making a career change to pursue a future in real estate, you are in good company! In fact, a recent study we conducted found that 76% of new real estate agents came from different careers previously, making real estate one of the most popular choices for those wanting to change careers.

Thinking of making a career switch? Get excited because there are a lot of good reasons to say “yes” to a fun new career in real estate! This article will dig into what makes real estate a good second career and hopefully help you decide whether you want to make the leap to real estate.

What a Career in Real Estate Enable You To Do

Find Your Work-Life Balance

Whether you are a parent needing flexible hours or you are just craving a job with more independence, a career in real estate might be just what you’re looking for.

In a 2020 study we conducted, 93% of agents said that real estate offers them good flexibility, 81% agree that they have control of their hours, and 86% of agents say that real estate offers them good earning potential.

Takeaway: If you are looking for a career that allows you to scale your work to suit your priorities and schedule, it’s hard to beat real estate.

Chart Your Own Path

Real estate offers a variety of career paths, allowing you to find the niche that aligns with your interests and strengths. From residential sales and property management to real estate development and commercial leasing, there are so many ways a career in real estate can go. You can be a real estate agent who helps people buy and sell homes. Or you could decide to be a property manager where you can serve the rental market. If management is your jam, you might even want to become a real estate broker who manages other agents.

Takeaway: Whether you prefer working with individuals, businesses, or even investing in properties yourself, real estate offers lots of opportunities to find your passion and thrive.

Build on Your Current Skills

Becoming a successful real estate agent requires a diverse set of skills that go beyond just selling properties. According to our recent survey, 96% of agents that were employed in another industry say that their previous experience provided transferable skills that help them in real estate.

Following are some essential skills you'll need as a real estate agent. Chances are you have already been sharpening some or all of these skills at your current job.

According to the seasoned agents we surveyed, new agents should focus on a few things:

• Marketing and Networking: 92% of seasoned agents say that building a strong network is essential. You’ll need to build a foundation of clients, other agents, lenders, and industry professionals. These relationships can lead to valuable referrals and business opportunities.

• Excellent Communication: 50% of agents we surveyed said communication skills were very important. You must be able to clearly articulate property details, market trends, and negotiation terms to clients. Active listening is also crucial to understand clients' needs and preferences accurately.

• Time Management: 45% say time management is an essential skill. You'll be juggling multiple clients, property showings, paperwork, and administrative tasks. Being organized and prioritizing effectively will help you stay on top of deadlines and provide exceptional service to your clients.

• Emotional Intelligence: 44% say client service skills are crucial. Being empathetic, patient, and understanding can help you build trust with your clients and colleagues. Emotional intelligence allows you to navigate sensitive situations and provide the support your clients need throughout the buying or selling process.

Takeaway: Real estate requires a diverse set of skills. Lean into your strengths and focus on developing the skills that will help you succeed.

Unlock Your Earning Potential

For many people, real estate is a good second career because of the unlimited earning potential. It’s hard to argue with this reason! If you are driven to succeed and willing to work hard to build your network, there is no limit to what you can earn in real estate. According to our research, the earning potential is the number one reason real estate agents stick with the profession–even with the ups and downs of the market.

Takeaway: A career in real estate is not easy. You have to earn the income you make with lots of hard work, but if you are willing to put in the effort, there’s no limit to your earning potential.

Make a Difference

A career in real estate can be lucrative, but helping people realize their dream of home ownership is invaluable. Real estate professionals have the privilege of fostering community growth, contributing to neighborhood development, and shaping the spaces where people live, work, and create memories.

Takeaway: Few careers allow you to impact the trajectory of someone’s life the way real estate does. You can feel good knowing that you are guiding people through what is likely the most significant purchase they’ll ever make.

Is Now the Right Time to Make the Switch?

Despite the fact that our economy has been a little unpredictable the past few years, 58% of the agents and brokers we surveyed say they feel positive about the current real estate market, with 58% saying that the current market is getting better, and 83% reporting that they feel confident that the market will improve in the next 6 months.

Why do they feel so optimistic? They have learned from experience that there is never a bad time to be in real estate, as long as you are willing to adjust your business plan to what buyers and sellers need.

Want to Know More?

Still curious about a career in real estate? A good next step would be to take a look at what you’ll need to do to become licensed. You’ll want to check out Aceable Agent’s pre licensing courses. We take a creative, fun approach to learning the material you’ll need to become a successful agent.

We are wishing you all the best as you consider a bright new future in real estate! We’re here for you if you have any questions!

Ready to get your real estate license? Start your pre-licensing course today!