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The marker is digesting a rapid change in the market with a thinning buyer pool amid rising rates, said Dianne Crocker, a principal analyst at LightBox at this year's national Women of Influence conference.
"Those who are obsessed and committed 24/7 and know their numbers very well will be successful in this industry," says James Curnin, CEO and founder of Clara Homes.
"Find a mentor who is involved in the local community, as well as the real estate industry – they will open your eyes to new ideas and opportunities and connect you with other like-minded people who are eager to make a difference," says Yuen Yung, CEO at Casoro Group.
Gen Z and Real Estate Careers
Gen Z comprises individuals born after 1996 and before 2013. Gen Z is young, but the first wave has already passed through…
"Be disciplined not just on a professional level, but also personally. Anything important to you requires discipline, such as your health, family and profession. There are no shortcuts available," says Tomas Sulichin of RelatedISG Realty.
"Re-defining in-person interaction, rather than eliminating it completely, will be essential in keeping businesses alive and setting yourself apart from others who are focused on working virtually," advises Adam Hendry, CEO of Tzadik Properties.
"I would advise any young person looking to begin a career in CRE to look for a mentor who has already established themselves and be their shadow," says Christopher Okada, CEO and founder of Okada & Co.