Jumping into a real estate career often means leaving your existing career and dipping your toes into uncharted waters. A career change is scary for anyone. There is a lot of information that can make it easier to make that decision. Here we have outlined most important indicators that will help you decide whether or not now is a good time to start a real estate career.
Are you looking to start a career in real estate? All you need to do is align yourself with the real estate company that will provide you the best agent training, support, technology and proven business model.
The National Association of REALTORS consistently reports that most new agents choose real estate as a second career. If you are looking for a more fulfilling career with better earnings potential, it could be a good time to start a real estate career. It really does not matter if the real estate market is up or down. As a matter of fact, Keller Williams has proven that it performs best in a down market due to the training and preparation that is offered to their agents.
Many people are drawn to our industry and have always wanted to work in real estate. Successful agents usually have a passion for the home buying and home selling process. They truly enjoy serving their clients and strive to make the stressful process of buying or selling just a little easier, and at the same time earn their clients’ trust and referrals. HGTV has brought the real estate market to the forefront. Are you always looking at the newest home designs, are you drawn to magazines and websites featuring real estate? Now may be the perfect time to get started.
Are you dedicated? Real estate is a career where your earnings potential is directly tied to the amount of work, effort, and dedication you put in. However, some real estate agents attempt a part-time career and just hold a license to help the occasional friend or family member. To be successful and a top-dollar-earning agent, you’re going to have to put in the time. There is no other way. Are you in a position to do that?
You are starting your own business and that includes start-up costs and ongoing business expenses. Do you have the financial reserves necessary to build a successful business? The statistic from the National Association of REALTORS are scary. They report that approximately 50% of all new licensees leave the industry during their first year in business. Oftentimes that is directly related to running out of funds. Many people are afraid of the real estate profession, as there is uncertainty when working on commission. If you end up going several months without a sale when you first begin, it can be scary. If you don’t sell, you don’t get paid, while expenses continue. Have you created a financial cushion to sustain you as you transition into your real estate career?
There are some brokers in some markets that pay a salary instead of a commission. You would be an employee instead of owning your own business and the income potential is limited. Ask local brokerages about their compensation models.
If you are ready for demands and challenges a real estate career demands, ask yourself the following questions. Am I ready for a change? Am I passionate and dedicated? Do I have enough time and savings? If the answers are yes, now is a good time to start a real estate career.
Is Keller Williams Realty is the best place to start a career in real estate?
Lucky for you, yes, Keller Williams Realty is that company. By putting the focus on building the real estate careers of its agents instead of their own, KW has become the choice for new, as well as experienced professionals, to take their businesses to the highest level. Over one million agents left the real estate business during the 2005-2012 recession. The result was that Keller Williams Realty was the only real estate franchise to grow in agent count during that time frame.
Why join Keller Williams? Listen to what agents and KW team leaders say here.
The KW culture is one of agents helping agents. They are willing to share their ideas and strategies to help their fellow agents follow the right business path. Therefore you have the support of the agents around you and the sky is the limit to your career success. Every agent at Keller Williams has a vested interest in your success.
If you are still asking the questions, “Why Keller Williams?” Then we need to hear from you. We would love to share in depth the top reasons you have to build your real estate career with us. Our goal is to get you from asking why join KW to why wouldn’t you join KW.
And why is Keller Williams different? Listen to Gary Keller, Co-founder of Keller Williams, tell the KW story and history of our company.