Making Moves? Tips for a Smooth Transition into Becoming a Real Estate Agent

If you are planning to switch careers and wondering whether becoming a real estate agent is wise, the answer is “Yes”. Most people who change their careers and become real estate agents wish they had made this decision earlier. A career as a real estate agent brings freedom and opportunities to earn big. At the same time, the decision can be scary if you have been in one for a long time or have a secure job. But believe it, it is a decision that can prove to be life-changing for many. To help you transition into becoming a successful real estate agent, we have compiled useful tips so that you can position yourself in the right direction during the journey. So, read on.
 

Identify Your Strengths and Skills

Before jumping into a career as a real estate agent, you must know your strengths and analyse if you would make a good real estate agent. Every day is a new day in this field and brings new challenges. To be a successful real estate agent, you must possess the following skills:

Strong Work Ethics: A good agent keeps looking for potential clients and works hard to advertise properties effectively.

Engaging personality: Agents who are presentable, positive, and sincere in fulfilling clients’ needs will prosper in the field. Remember, you are not only marketing the real estate; you are marketing yourself, too.

Problem solver: In real estate, you must adapt quickly and provide solutions to the client’s problems.

Self-motivated: To do well in real estate, you will need to be motivated and driven.

Research the Real Estate Industry

Familiarise yourself with the current trends, market conditions, and regulations that govern the sector. Explore the different segments of the industry, such as residential, commercial, and property management, to understand the opportunities available. Research the leading real estate companies in Dubai and their areas of expertise. This knowledge will help you make smart decisions about your career path and impress potential employers with your industry knowledge during interviews.

Understand the Eligibility Criteria

You must be at least 21 and have a clean criminal background. A university degree is not mandatory, but you must pass the Real Estate Brokerage Exam regulated by the Innovation Experts Real Estate Institute (IEREI). The fee for the exam is AED 2,400. The exam can be taken after completing a four-day training course that covers the following topics:

• A brief history of developments in Dubai and its governing bodies.
• The role of the industry’s key players, regulators and educators: DLD, RERA & RDC.
• The Dubai legal and regulatory framework relating to Dubai’s real estate industry.
• The registration procedures for developers, property purchasers, sellers and real estate brokers.
• General terms, definitions and principles about the real estate market.
• The sale and rental processes and their related agreements.
• An introduction to Jointly Owned Properties in Dubai and the related governing laws and regulations.

The Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA) have approved the course.

After passing the exam, you must obtain a Police Character Certificate to apply for the broker’s license. You can apply online on the Dubai police website for AED 200. The application takes two days to process.

We suggest you keep your current job because obtaining a real estate license will take some time. Once you have the license, it would be best to quit your previous job and start applying.
 

Join a Real Estate Company

After receiving your license, it’s time to get on board with a real estate company so that you can start selling properties. Job hunting resources and platforms like Bayt and Dubizzle allow you to search for job openings, submit your resume, and even talk to employers. These online tools make finding and applying for jobs much easier than the old-fashioned way of searching through newspapers or going door-to-door.

There are plenty of real estate companies that you can join. All you need to do is decide which one is right for you. Consider a few things before joining a company, such as commission split, benefits it provides to an agent, and its reputation in the market.

Check out What Attracts Real Estate Professionals to the City

Work on a Financial Plan

You must understand that after transitioning into a real estate career, you will be working on commission only. This means you will earn a commission percentage after closing a deal, not a monthly fixed salary. Even if you sell a house quickly, it usually takes 30 to 60 days to finalise the deal, finish the paperwork and get paid. So, you should have a plan to support yourself until you start making money regularly.

Build a Strong Network

You cannot survive in real estate without a strong network of contacts and clients. It is a valuable tool for career advancement in any industry. Building a strong network can open doors to new opportunities, provide valuable insights, and connect you with industry professionals who can mentor and guide you. To build a strong network, attend real estate industry events, join professional associations, and actively engage with online communities.
 

Work on Self Development

Like any other career, self-development and continuous learning are important in the real estate industry. Attend online training, industry conferences and seminars, and collaborate with other agents. Professional real estate certifications available at Innovation Experts Real Estate Institute can be useful in gaining industry knowledge and grooming yourself. These certifications enhance your knowledge and credibility and demonstrate your commitment to professional growth.

A successful career change requires dedication, perseverance, and a willingness to step out of your comfort zone. However, once you have a real estate license, you can get many opportunities to make money and succeed in your new career. Create a comprehensive career transition plan, leverage online resources and professional development opportunities, and you are good to go.
 

Are you looking for new opportunities in real estate? Contact us now to showcase your skills and get hired.

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