FYI I am a newer RealtorÂ®, home builder and flipper and thanks to my investor friends closed 20 transactions my first year but only made gross revenues of about 26k.
It is a good time if you are willing to put in the work. It is important to find a good brokerage to help you grow.
knowledge of residential construction will definitely give you an advantage especially explaining some information of new construction to buyers and providing sellers with potential problems with their home.
Very good question and one I think many of us think of on a daily basis. The great thing about Real Estate is that it is a great way to be your own boss with very little start up costs. Besides the initial costs of membership in the association/mls/sentrilock, education for licensing and any broker fees, with a phone and computer you can be off and running.
This is a tough market, but buyers are buying. The money will probably not flow in right at the beginning and there are no free rides in this business. But if you are willing to work hard, communicate and go after and service your customers and market yourself, you can still earn a living these days. And it will only get better.
As far as education and experience, there are a lot of new things we are all learning as the market is changing, but there are some old hat ways that are still good too. There is a learning curve, but luckily, you can do on the job training. Construction experience I find to be very beneficial to me and my customers and I do promote it as an advantage. I was in the new home construction industry for years and have found that level of skills and expertise unique to try help my clients see the potential in a home and any red flags that could be thrown up.
Construction knowledge is not common among Realtors, although I find some have a varying level of knowledge based on experience.
I would say two things - go in with eyes wide open and realistic expectations and if you are new to the field, I would encourage you to go with a brokerage that offers mentoring or a problem with a lot of up front education to get you started. Good luck.
There's a lot of so-so agents out there who aren't hard to beat. Work hard, provide great service, and be ethical, and you will have success.
Now is a great time to get into the real estate business. Home prices are low and interest rates are affordable which is encouraging buyers to become a homeowners. There are wonderful opportunities for those getting into the real estate business.
Your experience in construction gives you knowledge that many real estate agents are lacking. Your construction experience will give you confidence in working with buyers and sellers. All of your knowledge will help you in communicating to clients.
Take the steps necessary to getting your real estate license so you can get into real estate sales . Find an office that will provide you extensive training so you can learn the business. Take advantage of all of the education available to acquire the skills for becoming a successful agent.
Prudential California Realty
If you are hard working, intelligent, detail oriented and passionate about customer service, then now is a great time to start a career as an agent, I believe that experience in construction would be an asset to you in the role as an agent.
We started our brokerage at the time the market crashed and have done well in what we hear are the worst of times.
Feel free to email directly with any specific questions.