How to Start a Career in Real Estate

Photo by Avi Waxman on Unsplash
2 years ago

If you’ve considered self-employment, then you may have gone through all your options and come up with real estate as one of them. If you’re not sure how to get started or the best way to make this a successful self-employment venture, read on.

Work with Compass

If you’re experienced, but perhaps you’ve taken a career break, you could apply to work with Compass. They are selective in their recruitment process, but if you’re chosen, you will have their full support as a self-employed agent. This includes access to the AI technology which helps you to help your clients by predicting the best time to list a home and the best price. You will also be able to take advantage of additional training to ensure your knowledge is always relevant to any recent changes.

Compass will match you with clients too. This raises your earning potential depending on the hours you choose to put in.

If you’re less experienced

Although training is a good way to learn anything, if you want to gain experience to launch your real estate career, there are several ways to do this.

  • Do a lot of research, checking that the sources you use are reputable and still up to date
  • Make use of social media to share any related content, such as homes you buy to renovate and sell as a personal project. In the absence of any professional experience, this can make you stand out against anyone with no experience at all
  • Set up google alerts, so you will always be knowledgeable about industry changes. This will also help you excel at any courses you take
  • Be prepared to start in an entry-level role at first

Getting licensed

Make sure you’re licensed to work as a real estate agent. Some states have slightly different rules, so it’s crucial to check the rules for the state you want to work in, and any others you might work in later. If you’re unsure, it’s best to ask, rather than risk working without the required license.

Setting out on your own

Although having the support of a real estate broker such as Compass is a great idea, their selection process means you’re not guaranteed to be selected. It can help to set out on your own, even if this is just to gain more experience and re-apply later.

You will need a professional website, with a high-quality photograph. This should have either a plain background or one which suits the real estate industry, such as standing in front of a home you have sold.

You should also take advantage of any networking opportunities. This can help you find your first clients. Setting out on your own means no support from a company, which is why it’s important to make use of any other resources available to you.

Starting a career in real estate can be difficult at first, but after building up a successful career, your options can open up, giving you more choices that suit your lifestyle and your career goals.

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