May 10
30
Mortgage Brokers Finding Success Through Insurance
As a blogger for an Insurance School Florida or Nationwide, I have seen the successful transitions of Real Estate Sales Agents to Insurance Agents. A site called School Insurance Florida followed the career path of Real Estate Agents and Mortgage Brokers. Across the United States they have seen their incomes diminished for the last three years. Gone are the days where they’d get numerous calls a day for extremely high value properties.
I have witnessed Edit this text some of these agents find great success as Insurance Agents. They had to weigh the benefits of staying in a market that is bottoming out . The prices of houses have fallen so far that they were even pleased to get work on a $25,000 home . 3 years ago they would have laughed at that prospect. Now many of their colleagues are out of work . Sure the Real Estate Market will eventually correct itself , but hanging onto that license for dear life will not change the fact that it’s going to be a scary ride. Bills are due now. Compare Salary.coms average salary that shows that Insurance Agents make more than Real Estate Agents and Mortgage Brokers.
The good news is that the same skill set to sell homes and mortgages applies to Insurance. You use your networking skills to bring in new clients, you get people off the street walking through the door, you can have a farm area, and you follow-up with clients in exactly the same way. The transition is seemless . All you need is a week course or online class and you can start earning more than those people who are clinging on the Real Estate Industry. If you still want to practice Real Estate you can do both as you are self-employed and there is no conflict of interest. Do a little house-hunting for extra cash, but cash-in on the stability of the Insurance Industry.
People need Health, Life, and property insurance. So while very few people are selling a lot of homes , the owners of those homes need Insurance. Money is tight with consumers but Insurance is a necessity. A newer or larger home can be a luxury. Make your bet on the necessity.
I own a Florida Insurance School that offers Nationwide licening classes . Some of our most successful students have been from the Real Estate Industry. They enjoy cheap Insurance Continuing Education and are reapingthe reward of the Down Market.
Real Estate will always be there when the Market rebounds So make the most of it..
Rick Sabian
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