How Military Experience Translates Into Real Estate Expertise
The real estate industry is full of exciting innovations, opportunities for career growth, and new connections. If you are a veteran looking for your next career move, real estate might be the perfect transition. It offers a flexible schedule, a low barrier to entry, and the ability to help others. As a veteran entering into the real estate world, your knowledge and experience will be highly sought after, particularly as a military-friendly real estate agent.
Military Experience Is an Asset in Real Estate
As a veteran, you are decisive, trustworthy, and dedicated. You have excellent problem-solving skills and understand that some problems require a bit more elbow grease than others (and you’re willing to do the hard work necessary to get the job done). These are all essential traits in the military and also the real estate industry. Your experience in the military is the perfect precursor to a career in the challenging world of real estate.
Here are three perspectives on why military expertise translates well into the real estate industry.
- “Veterans bring a strong work ethic and a high level of discipline to the commercial real estate industry,” says 2017 CCIM Institute President Robin L. Webb.
- As CBRE Advisory & Transaction Services associate John Bernatz states, “Military experience has shaped every aspect of my professional career, but has come in extremely handy in commercial real estate. My experience has taught me to stay cool under pressure, think clearly and remain unemotional in stressful situations.”
- U.S. Army veteran Jeremy Otto, says that similar to the military, real estate requires due diligence, thorough research, discipline, and a well-planned strategy. His military experience made the jump to real estate a smooth one, he says.
Better Serving Veterans in the Real Estate Market
Your unique perspective and experience can help other veterans like you in the homebuying process. Low-interest VA loans are making it more accessible for veterans to purchase a home. The homeownership rate among veterans is close to 80 percent, compared with 64 percent for the general population, which makes military veterans a large part of the real estate market.
Once you start your real estate career, you will have the opportunity to specialize in the industry and help other military members in the market for a home. As a veteran yourself, you will likely have more experience finding VA-approved housing, working with trustworthy VA lenders, and veteran-friendly home inspectors than the average agent. RISMedia provided these great tips for working with veterans and how to best serve this niche market.
Financial Advantages for Veterans
Many states and businesses throughout the country offer licensing discounts or reimbursement programs for veterans joining the real estate ranks. To make for an easy transition, the Minnesota Department of Commerce reimburses veteran’s licensing examination fees. Check with your local Department of Veterans Affairs to learn more about their offerings.
The CE Shop is dedicated to supporting military veterans who are seeking a career in the real estate industry. Whether you are on active duty, in transition to civilian life, or you are family of a military member, we want to help you grow your career, support your family, and become a successful real estate agent. As a veteran, you will receive an exclusive 40% discount on our entire education catalog at The CE Shop. Get started today with our Did You Serve? Identifying Homebuying Advantages for Veterans course.