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to all real estate agents and insurance agents…. I have my real estate, life insurance and auto insurance licenses… have been struggling in life insurance business and trying to start with auto insurance to see how it will work out for me and if I can cross sell life and auto together… Also I am very much interested in real estate, I feel like I love it more than anything but i am so scared to go after that, I am afraid that it will take another year or so from my life to really understand and have it going…. I have been struggling in life insurance sales but we all know that life insurance is kind of secondary but real estate, we know that everybody is making money to have that American dream but I don’t know how it feels like to be in real estate business…. so any suggestions, about advantages or disadvantages, about money, in which area I can earn more money, about the activities and what should I do to earn trust and start selling… please advice which one should I choose and why based on your experience…. please teach me something, advice me, comment, and make suggestions.. I am lost and frustrated and don’t know what to do ..I really want to what is for me and work hard to make it work ….

6 Thoughts on Real Estate career vs Insurance career?
  1. Reply
    Underground lightning
    July 4, 2013 at 8:50 am

    Insurance- real estate was so much better to be involved in before the economy has gotten tough. They still make money, but I’m going to go with insurance as being the right career choice right now. Please forgive me, all you realtors who want to slap me silly….

  2. Reply
    sarah
    July 4, 2013 at 9:00 am

    insurance has more benefites and sells more

  3. Reply
    casanova
    July 4, 2013 at 9:02 am

    Insurance

  4. Reply
    shane
    July 4, 2013 at 9:53 am

    Insurance is much more stable. You could do both, and many do. It’s always advised to have a part time job your first couple years while working as a real estate agent, and that part time job may be selling auto and life insurance. Insurance is more stable because insurance is something people Need, at least in the U.S., and very easy to sell to someone. “You need auto insurance, buy from us” or “You’re old, want to make sure you family won’t be screwed over by debt and bills and funeral costs, buy Life Insurance.”

    Then for the moments where prospect buyers contact you to look at the possibility of selling them a house, you can do so.

  5. Reply
    lucy
    July 4, 2013 at 10:34 am

    with the economy in such a slump, people are buying what they can afford. my guess is that life insurance even though it is needed, is not on the top of any list right now.

    auto insurance is mandatory, so can most likley get a decent living from that, and if for a big company can get great benefits.

    as for real estate. so many people have lost homes. granted there are great deals to be made on foreclosed homes. saw last week on a show where a home that sold for $ 295K in 2005, sold for $ 150K in 2006 and now on the market for $ 85K. but my guess is unless you have the money to either invest or buy a 2nd home, the market will hold until the economy gets better. in my case, want to sell and get smaller home to retire, but will hold for at least 2 years in hopes the market will rebound so we can do this.

    my suggestion is to work full time in auto insurance. get a part time job selling real estate. when/if the economy comes back, you could possibly get out of the auto and do real estate full time if you feel comfortable that you can make a good living.

    good luck

  6. Reply
    HGCity
    July 4, 2013 at 11:14 am

    I am an insurance agent, so obviously I am going to have a bit of a bias. However, my sister-in-law who is in the same town as I am is a realtor. Both of us do pretty well.

    Insurance is a great field because everyone needs it in some form or fashion (auto, home, life, health, etc.). You can pretty much sell some type of insurance to anyone who is breathing and has a pulse. But since you are in insurance, you probably all ready know that. I think that this is the biggest advantage to being in insurance; your market is limitless.

    The disadvantage to insurance is that it is not a tangible product that people experience on a day-to-day basis. Don’t get me wrong, insurance is a product I believe very strongly in. But for most people, the only tangible part of insurance is the monthly bill they receive. So, obviously people want to save save save when it comes to insurance. Some people could even care less about what type of coverage they have, so long as they get the absolute cheapest bill, they don’t complain. In my opinion, it makes the sales end a bit tougher and it’s harder to get in front of people to talk about insurance.

    Real estate obviously has it’s advantages too. Even if you only sell a couple houses a month, you can make a pretty decent living. And if you are someone who is well known in your local community, it makes it easier.

    The disadvantages all depend on where you live. If you’re living in an area that has high growth (like North Carolina, Dallas, Houston, certain areas of Phoenix, etc.), I think you will be able to do all right. But if you’re in a slow area, like Detroit, you are going to have a harder time.

    Personally, I think you can make money at either one. Like insurance agents, realtors are a dime a dozen. But, if you are good at it and you have a passion for it, you can do well.

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