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3 skills you need to make it in real estate

29 Jul 13

If you're at a stage in your life where you think a new challenge may be just what you need, a real estate career is worth looking into.

It's a well-known truth within the industry: a career in real estate can be extremely challenging, requiring you to combine excellent interpersonal skills with your sales and business acumen.

However, with the right motivation and dedication, you can reap enormous financial rewards.

Here are three skills that are must-haves for anyone looking to break into the industry. Have you got what it takes to succeed in real estate?

1. Time management skills

Real estate professionals are among the busiest people you'll meet, and it is not uncommon for agents to have the occasional 12-hour shift.

Without the restrictions of a 9-to-5 work schedule, there will never be a day where you're stuck in the office, and you will have to be mobile, active and able to manage your day efficiently.

2. People skills

As a real estate agent, your job revolves around sales and you will be talking and negotiating with a broad range of people.

Whether you are discussing a property's value with the seller or laying out its unique selling points to a potential buyer, you will have to be able to read people accurately and respond accordingly.

3. Numerical skills

It is a given that real estate agents do a lot of number crunching as part of their work.

Can you look at a comprehensive market report and instantly pick out the most important trends? Can you size up a property and use your judgment to place the most suitable value on it?

Real estate agents need an analytical mindset that can work with numbers to support their business goals.

As you can see, a career in real estate requires a unique blend of skills. If you think you're up to it, REISA offers real estate agent training to help kick-start your new career.