Navigating the world of real estate can be a complex journey, especially for those new to the field. Leila Modetz, a dedicated and passionate real estate broker, has built a reputation for her hands-on approach, commitment to client education, and innovative strategies. Today, we delve into Leila’s story, exploring her journey into real estate, her unique approach to the industry, and her insights on current market trends.
Leila’s Journey into Real Estate
From Accounting to Real Estate
Leila Modetz’s path to real estate wasn’t a straightforward one. With an accounting degree from a Florida college, she spent a decade in the accounting field. However, a series of personal challenges prompted her to reconsider her career. Seeking more fulfillment, Leila decided to explore real estate. Six years ago, she completed a real estate course, passed her Michigan exam, and began her new career with determination and enthusiasm.
The Catalyst for Change
Leila’s shift from accounting to real estate was driven by a need for more meaningful work. Significant personal losses led her to reevaluate her life’s priorities and pursue a career that aligned more closely with her passions. This pivotal moment reflects a common entrepreneurial theme: real change often happens when the discomfort of staying the same outweighs the challenges of embarking on a new path.
Learning the Ropes in Real Estate
The Importance of Education
Starting with a basic real estate course provides an essential foundation, but Leila quickly realized that the complexities of the field demand continuous education and a deep industry understanding. Real estate agents are essentially business owners, responsible for generating revenue and managing clients. To be successful, it’s crucial to go beyond initial training by seeking further knowledge and experience.
Interviewing at various brokerages can be an excellent way to learn about different commission structures, royalty fees, and the services each brokerage offers. This approach helps aspiring agents understand the nuances of the industry and make informed decisions about where to start their careers.
First Steps in Real Estate
Choosing the right brokerage to begin your career is vital. Opt for a firm with a solid community reputation and experienced mentors who can provide guidance. Spending time with top producers and learning from their practices can significantly enhance your skills and confidence. A brokerage where the owner or senior agents are actively involved in daily operations can offer invaluable insights and mentorship.
Building a strong foundation in the early years of your career, through both practical experience and continued education, is crucial for long-term success in real estate.
