New career in real estate

A realistic path for changing careers into real estate

This guide is for people who already have work experience and are considering a move into real estate. It’s designed to give you a clear picture of what the transition looks like—financially, practically, and day to day.

1. How real estate income really works

Most agents are paid by commission when a sale or lease closes, not by the hour. That means your income will depend on how many clients you serve and the price of the properties you help them buy, sell, or lease.

Typical income pattern for new agents

  • Slow at first—your first closing may take several months.
  • Income tends to come in “chunks” instead of a steady paycheck.
  • Agents who prospect and follow a schedule usually ramp faster.

Questions to ask yourself

  • Can I handle several months with lower or no income?
  • Do I have savings or a partner’s income to help during the transition?
  • Am I comfortable with a variable income once I’m ramped up?
Rule of thumb: Many career-changers plan for 6–12 months of financial runway while they build their client base.

2. A phased transition plan (so you don’t have to leap all at once)

A common pattern for successful career changers looks like this:

  1. Stay in your current role while you complete pre-licensing education.
  2. Pass your exam, join a brokerage, and begin training part-time.
  3. Start working with a mentor or team, taking on your first clients.
  4. Once your pipeline and savings are in a healthy place, move to full-time real estate.

What to do before you give notice at your current job

3. Choosing the right brokerage and support

The brokerage and team you choose will have a huge impact on your first year. Training, mentorship, and culture matter just as much as commission splits.

Questions to ask when you interview brokerages

Tip: Look for a place that is used to supporting new agents who are coming from other careers, not just people straight out of school.

4. Will I like the work?

What many career-changers enjoy

What can be challenging

5. A simple checklist for the next 30 days

  1. Review your state’s licensing requirements and total estimated costs.
  2. Create a basic financial runway plan with your household or advisor.
  3. Talk to at least two brokerages and one working agent about their first year.
  4. Decide whether you will start part-time or full-time.
  5. Set a tentative target date for when you’d like to be fully licensed and active.
Reminder: A career change doesn’t have to be rushed. A thoughtful plan can reduce stress for you and your family and give you a better chance of succeeding in real estate.