Are you considering becoming a real estate agent and selling homes and properties to clients?
Becoming a real estate agent can serve as a rewarding career. If you like to help people find their dream homes or place businesses in a professional office setting, you might enjoy being a real estate agent.
But is being a real estate agent worth it?
Below, we’ll go into all of the pros and cons of being a real estate agent. So, if you find yourself considering getting your real estate license, read the guide below first!
Pro: You Get a Marketable License
If you’ve asked yourself, “Is being a real estate agent worth it?” you should know the first pro begins even before you start your career. To become a real estate agent, you will need to get your real estate license. Professionals receive their licenses from the state, which allows them to buy and sell properties within the region.
Your real estate license then becomes your key to making more money. When you have a license, you can then use it to get hired at a real estate agency and attract clients.
Learn more about how to get your real estate license.
Con: You Need to Go to School
To get your license, you’ll need to attend a reputable institution. Some states provide a list of qualified education providers and require you to take a certain number of classes.
While many find the certification worthwhile, the classes cost money and time. This means you will have to fit them into your busy schedule and budget. For more affordable schooling, consider applying for financial aid.
Pro: You’ll Have a Great Sense of Purpose
More often, workers are insisting that their careers give them a sense of purpose. They want to find careers that mean more than endless hours of work. At the end of the day, they want to know they have made a difference.
When you work as a real estate agent, you have the ability to help other people. Whether you sell commercial or residential properties, you will come into contact with individuals who need a specific space. By helping them find that space, you help them fulfill their dream and reach their goals.
As such, becoming a real estate agent can lead to a very rewarding career.
Cons: You’ll Have to Deal with Stressful Situations
Buying a home or property constitutes a significant financial decision. Many people will enter into mortgage loans in order to afford their purchases. They need to plan carefully to make sure they don’t find themselves in the midst of financial difficulty.
As such, you might find yourself dealing with a lot of stressed-out people. This can cause tensions to run high and put more pressure on you. So, if you want to become a real estate agent, expect to work under pressure from time to time.
Pro: You Get to Set Your Own Hours
Do you dislike going to an office for an 8-hour workday? Do you need more room in your life to spend time with your family or take care of yourself?
If so, being a real estate agent might serve as the right career for you. Real estate agents get to work on their own time, and they get to arrange their schedules according to what works best.
Con: You Might Have to Work a Lot to Sell
Most clients need to see several properties before they make a final decision. As a real estate agent, you will have to find these properties and arrange tours of them.
This means you might have to work a lot to make any sales. Because you don’t have set hours, you might end up having to work more than you would in another career. This includes working on some weekends because most clients may not have time to look at properties during the workweek.
Pro: You Can Make Unlimited Amounts of Money
Do you dislike negotiating salaries and want to make as much money as you can?
When you become a real estate agent, you don’t have a set salary. Instead, you make commissions from the sales you make. So, you don’t have to limit yourself to making whatever a company agrees to pay you.
This means at times, you might make way more than you otherwise would!
Con: You Might Have Slow Periods
Every real estate agent goes through slow periods, though. In fact, the market goes through periods each year in which more people purchase properties.
For instance, most people move during the summer. This is because it’s easier for families to relocate once their children don’t have school. So, real estate agents who sell residential properties might make more money in the summer.
Other months, though, might not give you as much business. Since you make money on commissions, you might not get a paycheck if you don’t sell a property. So, while your ability to earn money doesn’t have a limit, some months won’t make you as much money as others.
Pro: You Get to See Magnificent Properties
Do you love touring homes and buildings?
As a real estate agent, you will get to give tours of the beautiful properties in your area. This gives you the opportunity to see some truly memorable homes and office spaces. It might even give you ideas for your own home or workspace!
So, if you find yourself wanting to go to a lot of open houses, pursue becoming a real estate agent.
Con: You Need to Learn to Sell Properties in Poor Condition
Not every space has everything your clients need. In fact, some require a lot of extra work.
Still, that doesn’t mean your client won’t purchase it. Some people even seek out places that need more work so they can create a space personalized to them.
This means you need to learn how to sell places that require some fixing.
Is Being a Real Estate Agent Worth It?
So, is being a real estate agent worth it?
The answer depends on you. People who like touring properties and helping others find their dream roles often find the career rewarding. Those who prefer having a consistent income and working within regular hours, though, might like pursuing other jobs.
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