Real estate is a popular career path for many reasons. First, there’s the flexibility—you can work full-time or part-time, and it’s great for those who prefer non-traditional hours. Second, there’s high earning potential. Those who put in the work will certainly reap the rewards. Lastly, it’s an incredibly fulfilling career. Imagine helping your clients buy their dream home or successfully sell a property.
If you’re thinking about entering the exciting world of real estate, you may be wondering how to even get started. Transitioning into a new career can be overwhelming, but don’t worry. We’ve summarized the necessary steps to become a licensed real estate professional and find success along the way.
Key Takeaways
- Real estate offers flexibility with full-time or part-time work options and non-traditional hours. It also has high earning potential for dedicated and hardworking individuals.
- Becoming a licensed real estate professional involves completing pre-licensing education, passing the state exam, and obtaining the necessary insurance. For instance, you must complete 90 hours of coursework in Washington before taking the licensing exam.
- Success in real estate requires a solid business plan, specializing in a niche or location, and extensive networking. Building a client base through personal connections and community involvement is essential.
- Staying updated with industry trends and regulations through continuous education is crucial for long-term success in real estate. Embracing learning opportunities demonstrates commitment to clients and enhances professional growth.
How to Make a Career Change to Real Estate
While the path to real estate may look different for everyone, there are some general steps you should be taking to not only obtain your license but to be successful afterward:
Start with pre-licensing education
To excel in your career (and pass the real estate licensing exam), you’ll first need to learn as much as possible about the field. Real estate schools specialize in courses specific to pre-licensed learning and exam preparation. Take this time to learn the skills and know-how specific to the industry, including property law, ethics, contracts, and marketing.
Get your license
Once you’ve learned about the industry, your next step is to obtain your license. Licensing requirements vary by state. For example, licensees must complete 90 hours of pre-licensure coursework in Washington. Once you pass the state exam and obtain the proper insurance, you’re officially a licensed real estate professional! But to be successful, the work doesn’t stop there.
Create a game plan
Once you’re licensed, you may wonder, ‘Now what?’ The next step essential to your success is creating a solid business plan. Do you want to specialize in a particular niche? Focus your efforts in a specific location? Do you plan to work in residential or commercial? What makes you stand out in the industry? If you want to sell properties, you’ll first need to sell yourself! You’ll also need to set financial goals, create a budget, and develop a marketing plan.
Network, Network, Network
In real estate, it’s all about who you know. If you want to build your client base, start with friends, family, and neighbors. Attend networking get-togethers and start marketing yourself at events around the community. One of the best ways to build up your business is to ask clients for positive reviews and referrals. The more involved you become in the community, the better chance you have of meeting more potential clients.
Prioritize continuous learning
In an ever-evolving industry, you must stay on top of changing trends and regulations. Just like in any career, continuous learning is critical to your success. Embrace continued education courses and participate in any learning and development opportunities or seminars available to you. This demonstrates to clients that you have a deep understanding of the industry and are committed to their success as well.
Kickstart Your Washington Real Estate Career with Rockwell Institute
Are you ready to make a career change to real estate? Choose the institute with the highest real estate exam pass rate in Washington. Rockwell Institute, a leading real estate education provider, has helped over 150,000 professionals succeed thanks to our expert educators and flexible learning options. Start your journey with us today!
