Thinking about becoming a real estate agent? You’re in for a wild, rewarding ride!
A career in real estate offers many benefits, must can be especially challenging. Everyone wants to succeed, but not all will make it to the top (or even pass the exam for that matter). If you think you have the necessary motivation and determination, becoming a real estate agent can be a majorly lucrative career choice. Keep reading for a list of pros and cons of becoming a real estate agent to help you decide if it’s the right choice for you.
Pro: You are your own boss.
This is one of the main reasons people are first attracted to becoming a real estate agent. Real estate agents have the flexibility to choose their own schedule and it. is. AWESOME. Being a real estate agent allows you to set your own schedule so that you can take care of life, without anyone breathing down your back. Imagine life without the 9-5 grind!
Con: You might become a work-aholic.
Just because you can work the hours you want, becoming a real estate agent doesn’t mean you’re working less than 40 hours. In fact, working evenings and weekends is non uncommon as you have to work around clients’ schedules. Factor in the continuous learning required to keep up with market trends and technology and the new role of social media manager every successful realtor has become, you’ll likely be working all the time.
Taking advantage of time management skills and working with a team can help you manage the day to day tasks of becoming a real estate agent. Plus, it doesn’t feel like work when you love what you do!
Pro: There is no limit to your earning potential.
The more effort you put into becoming the most successful real estate agent you can be, the more you’ll make. Close as many deals as you will, there is no cap on the salary of a real estate agent. Working with a real estate brokerage like MerrickDamon Real Estate can help you learn the skills you need and give you access to cutting edge technology to make it to the top. You’ll also receive referrals and other benefits working with traditional agencies won’t get you.
Con: The market is uncertain.
This can be a scary one. If the market slows, you’re business slows. While you’re not clocking in and out (yay!), that also means you’re not collecting a regular paycheck. Having a cushion to fall back on can make you feel more secure when times are slow.
Pro/Con: You’re helping people make their dreams come true… and navigate through an often stressful process
The home-buying process is an exciting, and often nerve-wracking time. Your clients are spending a huge amount of money and making an incredibly difficult decision. Mistakes can’t happen and when they do, it’s not good for any party involved. But when you know what you’re doing and you know how to close, you’re literally making dreams come true.
Working with a team can help you minimize the risk of becoming a real estate agent and maximize the reward. Have access to others that have been in your shoes can help you avoid the mistakes they have made.
Think you have what it takes? If you want to learn how to become a real estate agent, head to the MD Real Estate School for information on our courses. If you have specific questions, reach out to us! We are here to help you achieve your dreams and make it to the top!