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Whether someone is looking for a change or has had their heart set on the industry for years, a career in real estate can be rewarding, challenging and enjoyable for people from all walks of life We spoke with Lori McCarthy, Managing Broker of Latter & Blum Acadiana, about how to prepare for a career in real estate and what to expect from a job.
What kind of education do realtors have?
Just like you need a driver’s license to drive a car, you need a real estate license to work professionally. To become an agent, you must complete a pre-licensing course. Several Louisiana schools offer this his 90-hour course in both face-to-face and virtual formats. The standard course takes 2-9 weeks to complete. After someone completes the course, they must take and pass the final exam. After the final exam, you must take and pass the state licensing exam.
What is the difference between a realtor and a realtor?
Real estate agents have completed a pre-licensing course and are licensed to sell real estate. Realtors are members of the Association of Realtors and are subject to a strict code of ethics in conducting business. Realtors hold higher standards that revolve around treating all parties honestly. Real estate agents belong to local or regional associations and are strongly expected to conduct business in a professional and ethical manner.
What skills and traits do successful agents share?
No one is a successful real estate agent. Both extroverts and introverts can succeed in the industry. Their common traits are honesty, integrity, problem-solving mindset, spontaneity, strong attention to detail, and charming personality. Especially if you are interested in houses, architecture and interiors.
What are the daily tasks of an agent?
Every day is a little different. The average agent spends her day doing active, income-generating work and paperwork. His typical day includes meetings with clients in his office, staging or viewing homes, talking to mortgage lenders and title attorneys, and scheduling inspections and assessments. Other tasks include lead generation, research, marketing, and keeping abreast of the latest facts and trends in the real estate market.
Can they switch to real estate after having a career, and if so, how can they succeed?
Real estate is often a second career for people. Reasons for obtaining a real estate business license include reaching retirement age, not being able to get the job you want, and being interested in the industry.
The biggest challenge is people getting real estate licenses when they already have a full-time job. Agents need to be available based on the client’s schedule because real estate is not his job from 8:00 to 5:00. If an agent has another job, it can limit the number of people they can work with and cause problems for other agents. Much of an agent’s work is time-sensitive and should be accessible as much as possible.
What ongoing training does Latter & Blum provide for agents?
Latter & Blum is the leader in agent education. Newly licensed agents have taken courses and passed tests, but they still need to learn about the day-to-day aspects of business. There is a “Latter To Success” program. This is a set of classes covering multiple listing service (MLS) operations, contract understanding and creation, mortgage and title services, new construction, and more.
Latter & Blum also specializes in creating professional real estate agents. Teach best practices and provide an environment where agents can ask each other questions. Our managers are always available to assist agents in situations, answer questions and help agents make the best decisions.
What advice would you give to anyone interested in real estate?
Having a good knowledge of the changing market is important. Continuing education and staying abreast of the latest market trends are essential so that we can serve our clients in the most professional manner possible.
Also, agents should be aware that they are facilitators, not decision makers. Our buyers and sellers are 100% responsible for all decisions. However, working with a knowledgeable, ethical, and professional realtor ensures that you receive the right information and tools to make the best decisions.
Latter & Blum has local offices at 2000 Kaliste Saloom Road, Lafayette, 209 West Main Street, New Iberia and 220 Prescott Boulevard, Youngsville. For more information or to speak with an agent, please visit: www.latter-blum.com.
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