Getting a real estate license can be an excellent way to supplement income or establish the field as a full-time job. However, it will take time, effort, and diligence to achieve the goals you set. Your income potential is unlimited in real estate because your income will be based on commission.
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You can sell many properties if you put in the time and effort required along with consistency.
Developing a team over time can transform your career. As you become more experienced, the ability to build a team of buyers, sellers, brokers, coordinators, and listing agents can propel your success. Marketing yourself is everything and should include a strong social media presence. Be willing to spend time and money getting your name out there as a real estate agent or broker.
Have a nest egg set aside before undertaking a real estate career. It could be months before you complete your first transaction, especially in cities where the competition is fierce. Also, the process of studying and passing exams for a national and state license will take some time, and taking courses online is possible.
Find a mentor for guidance. They can show you the ropes and help you build a network. Mentors take a cut of your profits, but you’ll earn it back as you gain experience and a name for yourself over time.
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