Is it Too Late to Start a Career in Real Estate? (2024)

Ready for a change?

You wake up groggily to the sound of your alarm thinking, “is it Friday yet?” even though you know it’s Tuesday. As you stretch, your body stiff from sleep and mentally prepare to face the day, much like a psychic, you know what the future holds. A mug or 3 of coffee, a shower, get dressed in your best business casual outfit (or whatever you happen to pull off the hanger), drive the 30-minute commute to the office, and once you arrive you know exactly what you’ll be doing, sitting at a desk for hours on end. This is the same routine you’ve perfected over the past 20+ years. As you reflect on your life choices you wonder, “is this what I want to do for the rest of my life?” Many can easily answer this question with a no, but perhaps with hesitation. You’ve spent years in your field becoming a subject matter expert; you could do this job with your eyes closed. Isn’t it too late to start your career over again? If you did change careers, what could offer you the mental stimulation and gratification you’re searching for?

Real Estate as a Business Opportunity

The real estate business may be the answer to your dilemma. A career in real estate could mean major changes to your idea of the workday. But don't just take my word for it, according to the National Association of Realtors, this career provides flexibility and freedom to set your own pace and choose how much you want to work. With this career you have the potential for high earnings, autonomy, the opportunity to help people and much more. As a result of the work you do, you are offered intellectual challenges and given satisfaction as you help others create a new chapter in their life story, a stark contrast from the common desk job. According to the U.S. Bureau of Labor Statistics, there are predicted to be 47,500 openings for real estate brokers and sales agents each year over the next decade. As a real estate agent, you can look forward to a career in a field that is continuing to grow. No one wants to jump on a sinking ship, and the real estate ship is continuing to sail steadily. Could this be the right choice for you?

You determine your success, not your age.

You may be thinking “all this sounds great, but it’s too late in life for me to switch careers!” You might be surprised to learn that there are those who seek out professionals that are 40+ years of age and they don’t mind that you have no previous experience in the field. “Career changers” offer something magnificent to the workforce that cannot be bought and takes many years to hone. “Life experience” is an invaluable skill that only people who have been in the work force for an extended amount of time can truly possess. Yes, you might not be as tech savvy or as quick on your feet as younger people entering the field, however you have had enough experience to learn how to deal with complicated issues that may arise as you help people reach their home buying dreams. If you’d like another perspective from people who have joined the industry later in life, click here to read an article based on firsthand accounts.

You may have noticed a development of more of an even-keeled attitude as the years have passed. If you think back to your teenage years or your 20s you may recall that you were much quicker to challenge others’ opinion and voice your own. While this isn’t necessarily a bad attribute, it is more beneficial in the real estate world to be able to handle customers with care and compassion. You need to be able to work with others in your field to accomplish goals that you and others have set. Time has taught you that if you approach things in a certain manner, even the most difficult storms can be navigated with the right attitude!

You may also offer personal experience to those you are working with. You may not have bought and sold property for years, however it is possible you have personal experience going through the home buying and selling process. Having someone who knows what it’s like from a personal and professional standpoint can be an invaluable tool as you attempt to purchase or sale a home. Home buying is often one of the biggest purchases of your life, so you need comfort until you have those keys in your hand (and sometimes after!).

Keep learning & stay positive.

Starting over may sound like a daunting task, but you have to consider how your current employment situation is affecting you mentally and physically. You’re never too old for a new beginning! You’ll find that the real estate world is full of people who are willing to help you reach your goals. We also have plenty of resources that are geared toward helping you get started. Click here to read our blog that outlines how to network with other real estate agents. As people often say, it's not what you know, it's who you know. This often applies to real estate. Lucky for you, when you've been around the sun a couple more times you often know more people. More people that could need help selling or buying a home or more people with experience in the industry that they could share with you. Some agents would even argue that coming into real estate as an older person versus as a younger person is easier. Why? Because people in your age range are more likely to be downsizing or retiring or moving. People who are 18 years old are a lot less likely to be ready to partake in a real estate transaction. Just like everything else, your fate is determined by you not your age or other circ*mstances. As long as you take yourself seriously and show up everyday you'll be able to be successful in any field.

If you read this and thought "wow, I feel like this article was written just for me," contact us! Because if you think real estate is the right career path for you, at this stage in life, when you arguably know yourself the best, then it probably is!

Another great place to start is to check out our FAQpage to learn more about our different state courses and where to begin. It’s time to take charge of your happiness and promote your well-being as you move on to the next chapter of your life.

Is it Too Late to Start a Career in Real Estate? (2024)

FAQs

Is it Too Late to Start a Career in Real Estate? ›

You might be thinking, "But I'm already 40; isn't it too late for me?" It's never too late to embark on the journey of real estate investing. In fact, many successful real estate moguls didn't even start until later in life.

At what age do most people become real estate agents? ›

While you have to be at least 18 years old to become a real estate agent, there are realtors of all ages. According to the National Association of Realtors (NAR), the typical real estate agent is a 54-year-old white female who attended college. Female realtors make up over 60% of all realtors and the median age is 52.

Can you be too old for a real estate agent? ›

There is a special certification provided by the National Association of Realtors for realtors of any age to specialize in real estate for seniors; however, there are many senior homebuyers who prefer to work with someone in their age range because of similar life experience.

Is it hard getting started in real estate? ›

It takes hard work, dedication, and perseverance to become a successful real estate agent. To become an agent, you must take classes, pass a test, and find a broker to work for. Once you get your license, the work is not over. You must learn to sell houses, which they do not teach in real estate school.

Is 35 too late to start in real estate? ›

No, you are still young enough to pursue a career in real estate. Many are still working in real estate at age 36 with a lot of success.

Is 30 too old to start real estate? ›

In conclusion, it's never too late to start investing in real estate. Regardless of your age or stage in life, real estate investing can provide you or your business with opportunities for financial growth and security.

What age is the youngest real estate agent? ›

(Usually must be 18 years of age, be able to pass a background check, and have a high school diploma or GED) Complete the required Pre-Licensing coursework for your state and pass the exams. Schedule, take, and pass your state's real estate exam.

How do you become a real estate agent in Ontario? ›

Here's how to become an Ontario REALTOR® in three steps:
  1. Step 1 – Pre-registration – approx* 208 hours & $4,175. Click here to apply to Humber College's Real Estate Sales Person Program – $75 application fee. ...
  2. Step 2 – Register with RECO. ...
  3. Step 3 – Post-registration – approx 50 hours & $770.

How likely am I to succeed in real estate? ›

Being a successful real estate agent is easier said than done. After all, there's a reason 87% of real estate agents fail. However, knowing the mistakes these realtors make, such as failing to follow up with clients or not having adequate funding, can help you prepare and grow a successful real estate business.

How do I start real estate for beginners? ›

5 Ways to get started in real estate investing
  1. Buy REITs (real estate investment trusts) REITs allow you to invest in real estate without the physical real estate. ...
  2. Use an online real estate investing platform. ...
  3. Think about investing in rental properties. ...
  4. Consider flipping investment properties. ...
  5. Rent out a room.
Feb 29, 2024

Is real estate good for beginners? ›

In summary, while real estate investment in 2024 carries its own set of risks and requires substantial financial commitment, the potential for long-term financial growth and portfolio diversification makes it a worthy consideration for beginner investors.

Why is the first year of real estate the hardest? ›

Besides money being a significant challenge in the first year, fear of rejection may also intimidate many new real estate agents. If you don't have previous experience in sales, the enormous amount of rejection may be scary.

What are the slowest months in real estate? ›

Typically, winter time is the slowest of the year to sell a property, specifically November, December, and January. However, there are some exceptions because there are several conditions that affect the housing market.

Is it too late to make money in real estate? ›

The good news is that it's never too late. The fact that you are striving and climbing now puts you far ahead of the average person at any age. Remember that small successes and large successes within real estate investing can make positive impacts on your life.

What is the best age to start real estate business? ›

The Ideal Age To Invest In A Real Estate

Don't forget to set aside an emergency fund (equivalent to at least six months of your monthly expenses) and to adequately insure your health and life risks. The above equation is typically reached by metropolis youth between the ages of 30 and 35.

Are male or female realtors more successful? ›

The real estate industry is dominated by powerhouse women entrepreneurs. Women are likely to enter real estate not only because of their interest in the field and the flexibility the industry provides for setting their own work schedules, but also because of their strong desire to help families and work with people.

How many houses do most realtors sell a year? ›

According to NAR, the average Realtor completes a median of 12 residential transactions annually. However, it's important to keep in mind that this doesn't necessarily indicate how many houses the average Realtor sells. A completed transaction can mean the agent assisted on either the buyer's or seller's side.

What state has the most realtors? ›

The states with the most Realtors are Florida (225,563), California (204,678), and Texas (150,141). Vermont is the state has the fewest (1,787). The Virgin Islands (387) has the fewest of the U.S. Territories.

Top Articles
Latest Posts
Article information

Author: Patricia Veum II

Last Updated:

Views: 5950

Rating: 4.3 / 5 (64 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Patricia Veum II

Birthday: 1994-12-16

Address: 2064 Little Summit, Goldieton, MS 97651-0862

Phone: +6873952696715

Job: Principal Officer

Hobby: Rafting, Cabaret, Candle making, Jigsaw puzzles, Inline skating, Magic, Graffiti

Introduction: My name is Patricia Veum II, I am a vast, combative, smiling, famous, inexpensive, zealous, sparkling person who loves writing and wants to share my knowledge and understanding with you.