Are there real estate career opportunities out there with the current state of the economy? According to a National Association of Realtors statistic, more than 250,000 licensed agents have left the business in the last two years; a staggering number. But does this mean that people have stopped buying and selling real estate? You may be surprised at the overall status of the market and seize your opportunity to build a successful real estate career after hearing the following.
Yes, the market is not what it once was just a few years back, but that doesn’t mean that people aren’t buying or selling. During the boom, it didn’t matter your status or income, you could buy a home with little or no trouble. Realtors didn’t have to do much but bump into someone, ask them if they wanted to buy or sell and write up the contract; they weren’t professionals, they were order takers. While many agents thrived in this environment, training and education were not the main focus for agents; frankly, you just didn’t need it.
As the mortgage crisis showed, not everyone that bought a home should have, so things tightened up to prevent the wrong people from getting into the game. Now, take a large number of the agents out there, ask them to help a seller with a short sale of their home or guide a buyer through the foreclosure process and they have no clue how to proceed. Obviously, these agents aren’t with the right real estate broker, getting the right agent training and eventually will become a statistic.
What may surprise you is more agents are doing better in today’s market than they did in the so-called boom. With fewer agents competing for business, the agents that are aligning themselves with the right company are getting the best tools to run their business and thrive. The business is still there, are you going to be the one that gets it? By knowing how to master the market of the moment, it doesn’t matter if it’s a recession, depression or a boom, you can grow your career. There are real estate career opportunities out there, you just have to look in the right place.