At what point, should I quit my job to work real estate full time?

By
Real Estate Agent with K1 Realty Group 3017422
https://staging.activerain.com/droplet/55pc

 

 


    I have the opportunity to meet a lot of people in the real estate business.  I am lead to believe that my clients think I make a lot of money.  Sometimes during the process of me finding them a home, they ask me this question:

 

 

I want my real estate license.

What do I need to do get my real estate license?

 

I sometimes wonder do I make this job look easy.  I guess my loves for the business comes out.  This leads me to another question that a lot of real estate agents that I know who are part time, "At what point, should I quit my job to work real estate full time?”


Here is my answer:

 

First, you must really find out if you like the business.   Real estate is not for everyone.  The day that you get a closing and the deal does not close and you are dependent on that check, you may become suicidal.  (Not literally, at least I hope not). 

 

Ask yourself these questions:

1.  Can you support yourself financially for the next 30 to 90 days and sometimes even longer?  

2.  Does your family support your decision?

3.  Are you willing to work long hours?

4.  Are you discipline enough to work without supervision?

 

The questions above are some basic questions to ask yourself.  If you can at least say yes to all four of those questions, then you are a candidate to consider quitting your job.  If you have answered no to any of these, here is my suggestion:

 

Keep your job and work real estate part time.  What I mean when I say part time, if you say you are going to work real estate ten hours per week, give real estate that time. Associate yourself with a real estate agent who will let you learn some basics like pulling properties, setting up showing instructions, go with them on appointments, and allow you to shadow them for a little while.  

 

Here is one of my favorite quotes from Robert Kiyosaki, "You must earn before you learn" and Be fully committed. Pretty soon, you will turn your letter of resignation in.  

 

 

Karen Jones Lewis, Realtor

305-323-1556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Rainmaker
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Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

I agree.  I get this question quite a bit as well. Most peopke do not realize how many hours we do work.  I am happy to share how happy I am in my profession curently.  The only down side is the starting out period which took some time to get through.  There is no Paid Training for this position. SOme people work for 6 months without a sale at the start, or even sometimesin between.  Once you get going, it will be fine, but they need to really know themselves and if they can push to motivate each day to find sales, listings, meet people and generate business.  It is sales. 

Jun 18, 2017 07:34 AM #1
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Baltimore, MD
Sell Your Home With Margaret Rome

 

When you have the confidence of knowing you can make it, it's time for you to go full time. Giving up the comfort of a paycheck will make or break you.

Over the years many of my clients have gone into RE. Only one is still in and doing relatively well in real estate. Make it look easy, is the sign of expertise!

Jun 18, 2017 08:16 AM #2
Rainmaker
530,466
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

For us the time to quit our job was when we were losing more potential clients and income because we couldn't answer our phones at out other job. I personally don't think part time real estate is an option. John quit his part time job (which ws nights and early morning so didn't interfere with real eatate, just with sleep) after 2 months, I quit my waitressing job after about 7.-Kasey

Jun 18, 2017 08:50 AM #3
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Karen- those 4 questions are important ones. You have to be able to handle everything that goes on between getting the listing and closing, and that's a lot! 

Jun 18, 2017 05:21 PM #4
Rainmaker
2,168,907
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Karen,  good questions and answers.  I always tell newbies do not quit your job tgill you have 3 closings.

Jun 18, 2017 05:39 PM #5
Rainmaker
2,380,051
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I think it might be Emerson said to go confidently in the direction of your dreams and kind of meet up with tremendous opportunities. :)

Jun 19, 2017 08:56 AM #6
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Rainmaker
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Karen Jones Lewis, MBA, Realtor

Residential for Sellers and Buyers in S. Broward
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