The Exciting Scope of Real Estate Consultancy and Building a Successful Career
Are you a self-driven individual with exceptional negotiation and networking skills, and the ability to sell and help others sell? If your answer is yes, or if you are confident you can develop these skills with time, a career in the real estate sector might be the right choice for you!
While it’s true that the real estate market is expected to reach a staggering USD 1 trillion by 2030, there are many other compelling reasons to consider a career in this field. Here are five reasons that make real estate an exciting and fulfilling career option.
The More You Work, the Higher You Earn
As an independent real estate professional, you have the flexibility to work as much as you want and maximize your income. Unlike traditional jobs with fixed working hours and incentives, there is no upper limit to your earnings. The more deals you close, the higher your earnings!
Higher Profit Margins
The real estate sector is renowned for its high profit margins. The bigger the deal, the higher the commission. For instance, a 2% commission on an Rs. 1.25 crore deal equates to a mind-blowing Rs. 2.5 lakhs!
As you gain more experience and build a wider network, the sector offers the potential for you to earn significantly higher profits with every deal. This makes the real estate career not only lucrative but also personally rewarding.
Excellent Work-Life Balance
If you choose to work as a real estate entrepreneur, you have the freedom to set your own working hours. You won’t be bound by a boss or required to stay back after work. You can start and end your workday whenever you choose.
Moreover, with remote working becoming more common, you can stay productive while enjoying your favorite pastimes. For example, you can take business calls from the comfort of a white sand beach while sipping your favorite mocktail!
Satisfaction of Helping People Find the Right Property
While real estate professionals are in the business of providing services and conducting transactions, there is a deep sense of satisfaction in helping others achieve their dreams.
Like travel agents who arrange dream holidays for their clients, real estate professionals help people find their dream homes at negotiated prices. The negotiation skills, comprehensive support, and hand-holding provided by realtors can make their clients’ search worthwhile.
At the end of the day, knowing that you have helped someone find their ideal property can be incredibly fulfilling and satisfying.
You Build Extensive Contacts
Your work as a real estate professional involves interacting with a diverse range of customers. By leveraging these connections, you can build a network of acquaintances who can refer you to their friends and family, thereby generating more business and opportunities.
Your communication skills, the ability to develop and maintain connections, and a genuine interest in helping others will play a pivotal role in building and expanding your network. These contacts can significantly broaden your professional opportunities and help you succeed in the long run.
A Career in Real Estate is Demanding!
While enjoying these benefits, working as a real estate professional also involves hard work, patience, and perseverance to succeed and maintain success. The real estate market is competitive, with many emerging and established players vying for business. Therefore, resilience and a persistent attitude are essential to overcome failures and continue moving towards success.
Start Your Real Estate Career with IREF!
Pune-based IREF is a globally recognized real estate training and development institute. IREF offers a range of comprehensive real estate courses designed to help existing professionals hone their skills and budding ones develop them. The courses aim to build practical expertise, entrepreneurial skills, and a leadership mindset to enable students to become successful real estate professionals.
For more information about IREF’s courses, please call 91 76205 52951.