Knowing you need a change is easy. Figuring out what that change looks like is the hard part.
While you can find a lot of expert advice on how to hone in on your passion and purpose, an encore career that minimizes time and challenges may also appeal to you. Real estate is one of the most seamless transitions a professional can make when looking for an encore career. It’s well suited for many different backgrounds and is relatively straightforward to launch.
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If your looking for an new profession that offers autonomy, flexibility, and earning potential, real estate could be a complementary encore career.
1. You are most likely qualified to earn your real estate license regardless of prior work experience.
Qualifications to become licensed vary by state. But for the most part, if you are 18 years old, have a high school diploma, and have a clean criminal record, you qualify to earn your license. There are very few barriers to entry in the real estate profession.
2. Real estate is an affordable professional career to start.
A career in real estate offers you a low-risk opportunity to try your hand at something new without putting you in financial peril if you decide later it isn’t for you. The education is affordable, licensing and exam fees are typically reasonable, and many of the expenses typically associated with starting a business may be covered by your broker. In most states, your business can be up and running for less than $1,600.
[Find out why one 50 year old has no regrets about Becoming a Real Estate Agent.]
3. There is no multi-year education commitment.
Going back to school can be a huge commitment of money but also time. Most people looking to start a new career don’t want to invest multiple years in completing the required education. In many states, you can complete your real estate education and sit for your state exam in as little as one month.
4. Your family, friends, and colleagues may be ready to buy or sell a home.
You possess a distinct advantage over real estate professionals entering this career at a young age. Your sphere of influence is much larger and includes more people in a position to buy or sell a home. In an industry that is fueled by leads, you’re already starting off with a leg up.
5. You have the freedom to work as much or as little as you want.
If the allure of being your own boss has always appealed to you, this career is perfect. Real estate professionals set their own hours. If you are looking for a part-time career that will allow you to have more time for friends and hobbies, real estate is a great fit. If you want to work full-time and reach your highest earning potential, real estate affords you that opportunity, too.
[Are you ready for a career in real estate?]
Real estate career consultants can give you more information or help you get started in your state. Call 1-888-872-0905 or visit our real estate education website.
Toby Schifsky is the national director of product strategy for online, correspondence, and live classroom professional and continuing education in the regulated real estate education industry for Kaplan Real Estate Education. Kaplan delivers education to real estate licensed professionals in 20 states and enrolls over 55,000 students a year. Toby has directed the creation of over 150 licensing and continuing education courses since 2003 and has personally instructed real estate licensing courses to more than 3,000 individuals. Toby has held an active real estate license since 1991.