You can imagine a real estate agent career to become your own boss, having flexible work by setting your own schedule and having annual income potential. These are some of the main reasons why many people choose a real estate career. But there are always two sides to every profession, and a realtor career is no different. Below we’ll talk about the pros and cons of being a real estate agent so you can think about how good a career in real estate is and whether it’s right for you or not.
A career in real estate is easy and requires little effort
There are many pros and cons of real estate. One of the pros is that once you complete the required training and obtain your professional license as a real estate agent, you can start your career in a couple of weeks or months (depending on the regulations of the place where you plan to practice).
However, getting into real estate requires a large investment in time, money and effort, and there is no guarantee. Passing the state real estate licensing exam is difficult and requires an understanding of complex issues and a varied set of skills. However, getting licensed is only the first step. To find out more about this topic, read the following article: How to Become a Certified Real Estate Agent
Real estate agents can be their own bosses
If you are wondering what are the pros and cons of being a realtor it’s true that if you’re an independent contractor you can control your own business. You will make your own decisions. You might claim there are no barriers to the production of a real estate sector with a positive mindset and a solid work ethic.
But on the other hand, working in real estate as an independent contractor means being there just to learn the business and compete in the real estate market. You will responsible for developing your prospect list, protecting the needs of your customer, creating network partnerships, selling your business, and handling the office’s everyday needs. It’s all in your hands. Many new agents do not recognize how much work it takes to become a successful real estate agent. You can find out in detail the tasks that real estate agents have to solve: What does a real estate agent do?
Real estate agents have high incomes
One of the advantages of being a real estate agent is that your income is not limited by an hourly wage or a company dictated wage range. As a real estate salesperson, your income depends largely on the time you invest. By hiring an assistant or having the right license to create your own brokerage, you can expand your real estate business. The opportunity is tremendous for progress.
However, it’s a disadvantage to know that starting in real estate implies to have a good amount of savings to start their careers. Getting your first sales will take some time, and it may take a couple of months or even a year before your work becomes sustainable. With a lot of investment of money, time, effort and dedication, you will be able to earn a high income. But first you will have to fight for your position in the real estate market. You can get more detailed information about how much a real estate agent earns.
Real estate agents have flexible working hours
As we mentioned before, there are several pros and cons of real estate agents. For example it is true that this is not a typical 8-hour-a-day office job. Real estate agents establish a daily work schedule that works for them on a case-by-case basis. Most of the time spent by a real estate agent is socializing, meeting individuals and establishing relationships, as well as spending more time on the street than in the workplace. That’s why it’s so important for you to know that the best way to optimize your work is to invest in a real estate CRM like Aidy. Read more about it at: The secret to CRM for top-selling real estate agents.
On the other hand, it is also true that having a flexible schedule in the real estate sector means that it must be flexible to the needs of the client. In real estate, you usually work even on weekends, holidays or vacations. The future of real estate agents may be conditioned by working when most people aren’t.
Real estate agents help make the dream of home ownership a reality
One of the pros of real estate agents is that it is very satisfying to be able to help clients find the perfect house or sell their property at an excellent price. This is an interesting moment for both buyers and sellers, and to help them navigate their journey in the best manner, they see the real estate agent as a specialist.
But you should bear in mind that real estate sales are usually one of the most difficult moments in the life of a buyer, and when things don’t go according to schedule, you’ll have to rely on their talents and abilities.
If a client leaves unhappy, word of mouth spreads quickly and can affect your referral network and ultimately your bottom line. Here you can check out the duties of a real estate agent.
Should I become a real estate agent? Of course you should!
Real estate is really a great career choice. This article is not meant to be scary but rather to be aware that as in every career you will have successes and/or failures. If preparation and work ethics fail, it can be a very difficult career, but if you are inspired, hard-working, trustworthy, and love networking and supporting others, it may be a very fulfilling career.
In the end, all real estate agents agree that there is nothing like handing over those keys to a new buyer or selling the home of someone who was on the market with another agent for months. It is one of the most humbling and fantastic feelings to be part of such an important event in a person’s life. And of course it’s worth it.