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? ›

Whether you're in your twenties, forties or even beyond, there's no such thing as being too late to start investing in real estate. Now, I get it. 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.

Is 30 too old to start real estate? ›

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.

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

Remember, it's never too late to start a career in real estate. If you're sick of the monotony of retiree life, or you're ready to leave your first career, real estate can be a great option as a second career.

Is a recession a good time to become a realtor? ›

As a result, some agents may see a significant decrease in their annual earnings during a recession or need to work harder to earn the same amount. In the end, being a real estate agent may be recessionproof because there will always be a need for this service, but being a successful one may be a lot harder.

Is it too late to make money in 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. So why wait? Take the first step towards securing your financial future today.

What is the age of most real estate agents? ›

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.

Will real estate agents be around in 20 years? ›

Will there be a future without real estate agents? The short answer is no. Real estate agents are highly unlikely to go the way of the Caspian tiger or Guam flying fox anytime soon. Still, it seems likely that the demand for real estate agents will decline over the next decade.

What is the youngest age for real estate? ›

You need to be at least 18 years old and have no criminal record to qualify for your California salesperson license. Did you know that you can get your California real estate license entirely online? You can complete California real estate education online at your own pace!

What is the fastest way to get your real estate license in California? ›

Choose an online course, like Allied can offer, so that you can study on your own schedule. Apply for the real estate exam as soon as you finish your education. Applying online is often the fastest route, but it still may take 3 to 6 months to receive approval.

How much do real estate agents make in southern California? ›

Real Estate Agent Salaries in California

The estimated total pay for a Real Estate Agent is $268,042 per year in the California area, with an average salary of $159,658 per year.

How long does it take to become a real estate agent in California? ›

TL;DR: Getting a real estate license in California typically takes 3-6 months. The process includes completing a pre-licensing course, passing the state exam, and completing background checks. The timeline may vary depending on individual circ*mstances.

How do realtors survive a recession? ›

To put it simply... in a bad economy, interest rates are a key factor to recovery… lower interest rates equal more home refinancing transactions… and more home refinancing transactions means that you can still make great money when home sales lag.

Will real estate always be in demand? ›

Home values in California rose by 40.6% in the last 5 years. Home sales increased by 8.6% in January 2024 YoY and the mortgage rate climbed to 7.28%! So, California's housing market remains resilient and in demand. Even if mortgage rates continue to increase alarmingly, home sales will not falter.

Can you make money in real estate during a recession? ›

Even with inventory levels driving up prices, investing in real estate during a recession could still result in significant long-term returns. If you're willing to hold on to your investment, you can benefit from the eventual market rebound.

Is owning a home at 30 good? ›

Key Takeaways: Most first-time homebuyers make a purchase when they are 35. Buying a house at a young age can mean building equity young and getting a home paid off sooner. Purchasing a house in your 20s or earlier can also mean you feel trapped, unable to move at a moment's notice.

What age do most people start investing in real estate? ›

The ideal time to invest in real estate is when a person is between the ages of 30 and 35.

What is age life in real estate? ›

The underlying assumption in the Age-Life Method is that deterioration occurs at constant average annual rate. The Economic Life is the Effective Age plus the Remaining Economic Life. The Actual Age is not a factor in estimating depreciation by the Age-Life Method.

Should I invest in real estate in my 20s? ›

One of the best reasons to start investing in your 20s is because the longer you own a property, the more valuable it becomes. So, if you buy a property in your 20s and hang onto it for several years, it will appreciate over time. Then, you can sell it for significant profits.

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