Real Estate is not for everyone. Here's my take on what it takes to make it in real estate.
Years ago it was a small investment to complete your schooling and become a realtor. In Alberta you could finish your course and be licensed within a few weeks. Nowadays, it is several months of schooling and close to $5000.00. That being said, before you invest your money, do your research.
The best advice I could possibly give is - get into the industry first, either doing assistant work or if no paid jobs are out there- shadow a successful, busy realtor for a week and see what's truly behind the scenes.
Real estate is one of those careers that looks quite glamourous to outsiders. Often I have heard home owners say that realtors just come over, sign paperwork, and poof they hand over thousands of dollars. That is 99% un-true. Quick sales come by once-in-a-while yes, but thousands of dollars are spent in fees, dues & advertisings, thousands of dollars are lost during slow periods, and there is countless hours of paperwork, returning phone calls, and uploading photographs. Not so glamourous after all. But it is still a very enjoyable career for the right person.
What kind of person makes a good realtor?
Well all kinds of people have made it work, but in my opinion - you must have people skills. You should be professionally minded, willing to dress professionally. The bigger your network of friends and acquaintances the better! If you are new to an area, can you truly call yourself an expert? Better to know your streets, know your neighbourhoods, and know the history.
If what I have said is starting to feel overwhelming, perhaps consider working for a builder. The pay is comparable to realtors and you only need to know the homes the builder is selling. It's still not an easy careeer, but your hours will be less chaotic and it will pay the bills!
For those considering a career in real estate specifically in Southern Alberta, I welcome you to contact me with any questions.