A career in Real Estate?

Question

I currently work as a staff accountant at a CPA firm and I make $10.00 an hour. The lady that was there before me made just over $13.00 an hour after 7 years of employment. I do get a paid vacation and we do have a 401k.

I have been thinking about going to real estate school to become a real estate agent. I love going into houses and looking around at the different layouts and decorating themes, etc.

I like the idea of being self-employed and having a job where I am not behind a desk all day. The downside is the hours - people calling at all times of the day and night, 7 days a week.

I have always wanted to have my own "business" and I have considered opening a bookkeeping business, but I also am leaning toward real estate. Maybe I could do both?

I would appriciate any input! Thanks!

Answer 1

I have same experience. You can get much better job. It's great to start your experience at CPA firm. Because everybody like to hire people with audit experience, Look for another company, even if they have to train you
you can get $30000-$35000 per year. I am working as independent LO in mortgage and banking industry now. It was a big and not easy transition to move to commission base check,
unless you have somebody to support you, specially realistate market today is very difficult to survive for people with many years of experience and clients, but us a part time is the best time to start, just remember to be in this business cost money every year, and you have to pay before you start making any. So get a good job this is guaranty .Good Luck! I hope it help you.

Answer 2

I have been in Real Estate for a little over 4 years. Dont expect your phone to be ringing off the hook 7 days a week. If they are then you are very lucky to have so much business. Its a real tough business, expecially now that the market has changed. Loan guidelines have went up, home sales have decreased, and there are not anymore qualified buyers out there. Loan Officers are getting out of the business, as well as Realtors. In the metro area that I live in, we went from 12,000 agents last year to a little over 8,000 this year. HUGE decrease, and its only going to get worst. Agents are now getting jobs with stready income. If you do get your real estate license and decide to sell residential, keep your job. You can market yourself from your current job, and sell ho0mes on the side. Youll need that steady income to sustain your lifestyle until you start bringing in the bucks as an agent. If you have any questions at all, email me.. Hope that helped

Answer 3

$10.00 per hour? When I was fresh from college, I was making $39,000 as a junior accountant. Where exactly do you live?

Real Estate is a great market, but be prepared - They work long hours and the pay isn't steady. As for a bookkeeping business. Many companies are switching to computer software for that end. Tax prep for companies would be a good area to pursue.

Answer 4

The downside is that Real Estate is the hardest sell of anything. Don't make a move until you talk with 6 or more agents and listen to their sad stories. Keep your job.

Answer 5

I am a active real estate agent and have been for the last seven years, please know that real estate is a very competitive profession and it takes alot of hustle and hard work. It would not be wise to quit your job until you have become accomplished in the real estate field, I too thought that I would be able to leave my job but I am not ready to face the financial challenges that comes along with the territory of the profession. Please ensure that you are licensed under a broker that will ensure that you are trained in the industry.

Alot of brokers are still selling real estate themselves and will not train new agents that are licensed under them because, again you will become their competition.

Answer 6

A real estate career can be very satisfying, both financially and intellectually. However, do not rely on your love of looking at houses and decorating to make you successful. That's akin to saying you love to go camping, so you should buy a campground.

Plan on spending hours promoting yourself to potential clients (advertising), keeping abreast of legal issues which can affect the way you do business, living without a regular paycheck and without any benefits and contending with sometimes less that cooperative or pleasant clients. (Yes, believe it or not, some clients are regular jerks.)

I have ex-clients who would probably shoot me on sight, and others who think I can walk on water. Needless to say, I did as well as I could for all of them. Some appreciate it, and others think you are trying to screw them into a grave.

In spite of it all, I still love it, and would not trade it for the world. The satisfaction of ONE really thrilled client keeps me going on to the next one, and then the next one.

If you think you can handle the downsides, go for it !

Answer 7

I grew to develop right into a actual property agent 3 months in the past in Canada, British Columbia. united states of america is on the Decline. I honestly have been doing properly ultimately after 3 months. Made a three million greenback commercial sale, yet my first sale develop right into a cellular domicile for one hundred 000$. A crappy cellular domicile for one hundred 000$ do the mathematics and relocate my chum. issues are so warm up right here its magnificent. Vancouver, Okanagan, Island. bypass away the states and initiate employer up right here. Im basically 19 or maybe i'm able to make a living at it. extra suitable than a great one.

Answer 8

Everyone SAYS they want to be in their own business and make a ton of money. But what separates the successes from the failures – the Big Dogs from the puppies – is the ability to invest time on a consistent basis.