You Need to Know the Pros and Cons of a New Career in Real Estate

Published on: 02 February 2019 Last Updated on: 27 July 2022

Will a career in real estate work for you? It can be an exciting and challenging career change. Deciding on whether or not a real estate career will work for you depends on your personality. You will discover a new level of independence at work and there will always be new challenges.

Before you dive in, consider some of the pros and cons of a career in real estate.

Pros of Becoming a Real Estate Agent:

1) Money – Real estate agents work on a commission. Whenever you sell (or help your clients buy) property, you earn a percentage of that sale. Given that property is usually the most expensive purchase and investment the average family makes, that’s a large chunk of change. There’s no salary cap. If you can find a way to make a million dollars on commissions, there’s no one to put a cap on your earnings the way there would be in a salary job.

2) You’re Your Own Boss – Working as your own boss, you’ve got an unprecedented level of freedom to come and go as you please and vacation when you want.

3) Excitement – Real estate agents are constantly on the move. They’re always out there meeting new people and making new deals. If you’re the type to get bored at a desk job where every day feels the same, a real estate career will shake things up.

4) Knowledge & Experience Pay Off – The more you know, the more you sell. If you love to learn new things and experience more, it’s a career path that will pay off. You will have the chance to become an expert, not just on a neighborhood or types of property, but how to work with people and make sales.

Cons of a Real Estate Career:

1) Getting Started – The flipside of working in a commission-based industry is that it takes time to get started. If you’re working for yourself, there’s no one to pay your salary when you’re not making sales. It will take time before you can find clients and make sales, so be prepared financially to survive until you get the ball rolling. Many people start off part-time until their careers develop.

2) You Need Discipline – The downside to working as your own boss is that you need discipline. No one’s going to make sales and put money in your pocket if you’re spending all your time at the beach.

3) You Need to Know when to Take a Break – For others, the problem might be the exact opposite. If you’ve got a workaholic streak, you’ll need to discipline yourself to put the work away when it’s time to rest and recharge. Find a way to disconnect from your job and relax.

Real estate can be an incredibly rewarding career if you’ve got the personality to thrive in an environment where you’re independent and constantly meeting new challenges. Earning your real estate license is something you can do quickly and cheaply. With online real estate schools like RealEstateU, it doesn’t take long to start getting your real estate license.

Don’t worry if you’re not an expert in homes or home renovation. Your ability to tell whether a home has hard or soft water will not determine your success as an agent. The ability to work with people, work hard and go above and beyond for your clients will ultimately matter much more! However, the more knowledgeable you are in all facets of real estate, the better you will be at ensuring your clients make educated, long-term decisions.

Once you sign up for online real estate classes, you’re free to complete them at your own pace. They will prepare you for your state real estate license exam, and most states require you to complete the courses before you try writing the exam. With online real estate courses from real estate, you get all the resources you need to succeed at your exam, including video/audio lectures, a 200-page PDF textbook, and lessons from top real estate experts.

Get started on your career change today. Sign up for online real estate classes and be your own boss.

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The Challenges Of Being A C-Suite Executive And How To Overcome Them

C-suite leadership is a challenging position. The top executives are responsible for setting an organization's strategic direction and ensuring its long-term success. The prestige of a top leader comes with high salaries and a seat at the table for major business decisions. However, this prestige comes with unexpected stresses. This stress can impact personal and professional life if not managed properly. A PwC 2018 CEO survey found that 83% of new CEOs get internal promotion to their role. However, those hired for CEO jobs from outside the company often receive more attention and support during their transition. Therefore, companies often overlook the challenges associated with their ascension. Similarly, despite the challenges, these individuals differ in character from those brought in from outside. By addressing and overcoming these challenges, C-suite leaders can ensure the success of their organizations. C-Suite Jobs: How To Overcome The Challenges? Given below are some of the stressful challenges faced by most CEOs around the world and how you can overcome them— 1. Fighting Off The Imposter Syndrome Making it to the C-suite is challenging. It comes with the constant pressure to perform and meet targets. Hence, it is stressful, especially during times of crisis or uncertainty. Moreover, being accountable for your team's and the entire organization's actions can sit heavy on your shoulders. Consequently, one common feeling in the C-suite is imposter syndrome. Here, an individual doubts their accomplishments and fears being accused of fraud. This can lead to feelings of not belonging or not qualified for the position. The intense scrutiny of a high-profile position can make it challenging to take risks or try new approaches. This can stifle innovative leaders. It often makes the individual feel like they are not just a team member anymore but are now in charge. Therefore, you must focus on your accomplishments to address imposter syndrome or any form of self-doubt. Remind yourself of your expertise, and seek support from a mentor or coach to cultivate self-compassion. Moreover, as a leader in an organization, you must let go of unrealistic expectations or perfectionism. 2. Dealing With The Lack Of Clarity The upper management often tends to assume that everything is running smoothly. However, they only realize the issues when it is too late. This happens due to a lack of visibility and clarity in the company's day-to-day operations. The C-suite executives rely on information from department heads and middle managers. This can distort or filter reality, leading to an inaccurate view of reality or complex and unclear information. Therefore, it can create significant problems that go unnoticed until too late. To improve data-driven decision-making, organizations should visualize their business and its layers, maintain data reliability and integrity, and promote faster data-driven decision-making. A data strategy tailored to the company's needs helps achieve data clarity. It ensures the integrity of the data used to inform key business decisions. Finally, consolidating business data and promoting the sharing of insights across teams can help leaders ensure data clarity and the accuracy of their decisions. 3. Preventing Ego To Distort Clarity In the business world, success can sometimes lead to complacency within the C-Suite, creating a false sense of security and impeding adaptation to changing market conditions or new technologies. This can result in groupthink. Here, dissenting opinions get suppressed, stifling critical analysis. Thus, it makes the C-Suite blind to potential risks and challenges. Organizations should embrace digital transformation and leverage disruption to ensure long-term success and competitiveness. According to 83% of project managers, digital transformation has moderately or significantly impacted their work over the past five years. Therefore, organizations should adopt an agile approach to project management. They must continuously evaluate shifting market dynamics, new technologies, and innovation to deliver against strategy. 4. Lacking Farsightedness C-suite executives often prioritize short-term gains over long-term sustainability. This attitude can lead to decisions that harm the company in the long run. Such decisions can result in insufficient investment in critical areas like research and development. However, these are essential for the business's long-term health. Moreover, a CEO solely focused on short-term profits may refrain from investing in new technology. The ever-evolving technology can help companies remain competitive in the long run. Therefore, such organizations prioritize investment in developing strategy over proper execution. However, there appears to be a disconnect between executive leaders and project managers on strategy implementation funding. This suggests organizations may not leverage the optimum focus and investment to deliver against strategy. 5. Fighting Loneliness And Isolation The C-suite often faces unexpected stress due to the isolation it often brings. Top leaders often make difficult decisions that impact many people's lives but with limited support or input from others. This isolation can amplify feelings of loneliness and isolation, which can further exacerbate stress and anxiety. Moreover, maintaining relationships outside of work can become challenging, and the pressure to always be "on" is exhausting. Therefore, leaders should acknowledge their need for support, seek an executive coach, or join a mastermind group with diverse leaders to overcome this isolation. Moreover, prioritizing finding a balance between work and personal life is crucial. You must let your team know they are human. This helps build trust and allows them to feel comfortable sharing with turn. 6. Accepting The Shift From A Peer To The Boss When CEOs are promoted from within the company, they often find themselves leading colleagues who were once their peers or superiors. This is a particularly tricky situation. Consequently, lingering tensions or resentments can complicate the new leader's job. In addition, the CEO must quickly assess all direct reports and stakeholders, building their team and reenlisting people they want to keep through early conversations. This process requires careful consideration and judgment, as the new leader must determine which team members are best suited for their roles and which may need to be replaced. Through this process, new leaders can establish themselves as effective managers and confidently navigate the challenges of their new roles. 7. Organize Yourself For The New Role It is common for CEOs who are promoted from within a company to face challenges when transitioning to their new roles. On the other hand, externally hired CEOs tend to receive more support. However, providing equal opportunities for all CEOs to succeed is essential. The board, senior management team, HR executives, and communications executives are vital in this process. Therefore, a newly promoted CEO should understand their challenges and develop a plan to overcome them with organizational support to lead effectively. Read Also: An Overview Of Adaptive Leadership Top 10 Best Job-Boards In The US In 2023: A Comprehensive Guide Develop Your Organizational Leadership Skills with an Associates of Science Degree

8 Useful Tips for Personal Career Development

Technological advances are opening up more opportunities for professional development. No matter how old you are, it is important to not stop learning and instead of finding a new way to sharpen your skills. Keep reading to learn some useful tips from professionals in how to take advantage of available resources and achieve your goals in the career path 1. Be flexible in your career path: When making a plan for your future, always be flexible in your thinking. In fact, modern society allows us to explore various jobs during their lifetime. This means you don’t have to follow a single position but can make a switch to other areas. Just make sure to go for a field that you can find many opportunities to develop and find happiness when working. 2. Be ready to work with different people: Most of us often choose to work with those who have the same points of view. However, having someone who thinks and do differently can be useful in helping you develop and improve your capability. Being exposed to oppositions can be a great chance to stay out of your comfort zone and learn new things in your corporate life. 3. Make use of social media: These days, technology is an indispensable part of our life. Thus, you should make use of available resources for your development plan. Make sure you are consistent in these platforms to build your reputation with a unique personality. Try to open your social network and make a lot of friends. Be nice and helpful to everyone and potential clients or jobs will come to you anytime. 4. Have a mentor: Finding a mentor is probably one of the most effective ways to ensure you are on the right career path. With a lot of experience, he or she can teach you valuable lessons in both personal and professional life to grow. You can ask colleagues or friends to choose the right one. Another benefit is that a mentor can give you another perspective on every aspect to help broaden your horizon. 5. Enjoy your leisure time: Do not only focus on your professional career. Instead, it is better to spend your time on social activities and your hobbies. This will help you develop many essential skills which can be useful for your work. For example, participating in charity work can be a good way to develop your leadership skill. In some cases, if your passion is important enough, it can turn into your full-time job. After all, everybody wants to do something they like and make a living from it. 6. Step out of the comfort zone: One of the best things to develop yourself is to step out of your comfort zone and try to learn a new thing each year. Since the greatest growth will be the result of fear or discomfort, it is a good idea to make you feel stressed about what you do. For example, if you are afraid of digital tasks, then include them as a part of your plan to develop technical skills. You will be soon surprised at the benefits of this approach in your personal and professional life. 7. Consider online work: Virtual tasks are very flexible. This makes them a great option for those people who also want to be flexible in their schedule such as travelers or parents who cannot go to the office every day. So if you are in these situations, it is better to consider work because it will open up many opportunities to develop yourself as well as earn a lot of money right at the comfort of your home. Many people are not willing to take these positions because they want a stable salary. However, many freelancers can get a fixed contract with some companies. The key is doing research. 8. Find a person to complement each other: Another way to improve your capability is to find someone in your company who has opposite personality traits and try to be a perfect couple in work. Try to support and give him or her what you have so that both can grow together. As a result, when your boss is promoted, your chance will also be better. A typical example is the combination of an extrovert and an introvert. In this case, the synergy is powerful to ensure good cooperation between the two. Constant learning is the key to career development no matter which point you are in your life. Set your personal goal and try to learn new things each year. You will be amazed at the results. If you are looking for a high-quality writing service for academic or business purposes, Essays Match is an authentic writing service to choose. With many talented writers and experts, we can guarantee to deliver the highest-quality essays for your projects. Read Also: Fast-Track Your Career: 7 Things You Should Know About Executive Coaching Seeking A Healthy Career: 10 Tempting Medical Careers To Check Out You Need To Know The Pros And Cons Of A New Career In Real Estate 10 Easy Ways For Students To Improve Their Writing Skills

Career Options after 12th Science

Above all, science is among the most popular subjects for students. Students get a lead up to some of the most popular courses such as Engineering, Medicine, and allied disciplines. There is a growing demand for science-related talent, as it pays to use the right tools to get the career that suits you best. In this article, we will discuss some of the career options after 12th science. Once you're done with 12th science, you can begin your job search at Jobsora.com, where you can narrow your search to get the best job opportunities for you. Let's get started. Career Options after 12th Science: Bachelor in Technology/Bachelor of Engineering: Engineering is among the most sought-after professions in the world. As a career path, the engineering field has attracted a large number of aspirants applying for job opportunities. Engineering is a multi-disciplined field, with advances in science and technology leading to the introduction of new disciplines. For example, subjects such as biotechnology, automobile engineering, computer engineering, and genetic engineering, are among the most popular. After all, irrespective of the trends in any market, engineering job opportunities are always in demand. More precisely, electrical, mechanical, computer, and civil engineering opportunities almost still never lack demand. Moreover, growth opportunities are always available, as more companies come up to solve several engineering-related problems. Hence, if you're good at logical and mathematical skills, here are some careers to consider: Agricultural Engineer Aeronautical Engineer Automobile Engineer Biomedical Engineer Biotechnologist Communication Engineer Chemical Engineer Civil Engineer Computer Engineer Environmental Engineer Electrical Engineer Genetic Engineer Industrial & Production Engineer Instrumentation Engineer Marine Engineer Mechanical Engineer Metallurgical Engineer Nuclear Engineer Petroleum Engineer Plastic Technologist Polymer Engineer Rubber Technologist Space Technologist Textile Engineer Bachelor of Medicine and Bachelor of Surgery Degree: One of the first course options for students who excelled in Biology is to pursue a Bachelor of Medicine and Bachelor of Surgery. It allows the student to move up the academic ladder in many specializations such as General Medicine, Orthopaedics, Radiotherapy, Obstetrics, Gynaecology, Radio-diagnosis, and General Surgery. As such, the field is extremely competitive. Bachelor Pharmacy: The Bachelor in Pharmacy prepares the student for the pharmaceutical industry. The pharmacists dispense medication to patients and offer their expertise in the safe use of prescriptions. They also perform health and wellness screening on patients and oversees the issuing of medication. There's a high demand for graduates of this career path. Here are some of the job opportunities: Pharmacist Clinical Pharmacist Prior Authorization pharmacist Pharmacist clinical specialist B.Sc. Nursing: Nursing graduates tend to find job opportunities at private and government hospitals, nursing homes. It's no wonder that one of the best parts of the nursing profession is that nurses never remain unemployed. As more nursing homes and private healthcare institutions mushroom everywhere, the probability of getting a respectful nursing position is high. Some of the positions include: Assistant Nursing Superintendent Community Health Nurse Department Supervisor Deputy Nursing Superintendent Director of Nursing Industrial Nurse Nursing Service Administrators Nursing Service overseas Nursing Superintendent Nursing Supervisor or Ward Sister Staff Nurse Teacher of Nursing Bachelor of Occupational Therapy (BOT): When it comes to occupational therapy, there are a lot of job opportunities. After graduation, most students will start their practice at government or private hospitals. Also, BOT graduates might take up jobs working as instructors at Occupational therapy colleges and training institutions. Furthermore, other graduates take on the role of rehabilitation specialists at rehabilitation clinics. These graduates will go on to use their skills to aid the rehabilitation process for trauma or surgery patients. B.Sc. Computer Science: Computer science is by far, one of the most lucrative education options for students seeking a challenging yet rewarding career path. Advancements in Information Technology and emerging innovative technologies have created an unlimited demand for a background in the computer science field. The bright career prospects for students who study computer science, encompass multiple fields including academia, research, industry, private, corporate organization, and government agencies, among others. However, IT and software companies remain the significant employers of computer science degree holders. Here are some computer science jobs, which pay a profitable compensation: Application Analyst Database Administrator Information Systems Manager IT consultant System analyst Web designer Read Also: 8 Useful Tips For Personal Career Development Healthcare Jobs That Will Be Most In-Demand 2020–2025 Genius Job Interview Tips That Will Guarantee Success Why You Should Use A Recruitment Agency To Find Your Next Medical Job

You Need to Know the Pros and Cons of a New Career in Real Estate

Pros of Becoming a Real Estate Agent:

Cons of a Real Estate Career:

7 Ways to Boost Employee Productivity and Create a Positive Culture

Cégep 101: Everything You Need To Know About Quebec’s Education System

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The Challenges Of Being A C-Suite Executive And How To Overcome Them

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You Need to Know the Pros and Cons of a New Career in Real Estate

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Cons of a Real Estate Career:

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Follow Us

Recent

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