IS A CAREER IN REAL ESTATE RIGHT FOR YOU?

is-a-career-in-real-estate-right-for-you

Imagine working for yourself in a flexible career where you can set your own schedule with annual earning potential of $100,000 or more. There are so many reasons to choose real estate as your career. But there are always two sides to every story, and a real estate career is no different. Below is a straight-forward look at the pros and cons of a real estate agent career.

Getting Started in a Real Estate Career is Quick and Painless

Pros: In most states, you can complete the required training, become a licensed real estate agent, and start a new career in just a matter of weeks or months (depending on state regulations).

Cons: There is an investment in time, money, and effort required. Also, it comes with no guarantees. Passing the state real estate licensing exam is difficult and demands an understanding of complex topics and a varied skill set.

As a Real Estate Agent, You Are Your Own Boss

Pros: You’re an independent contractor and control your own book of business. You make the decisions. Couple together a good attitude and solid work ethic, and there are virtually no limits for the growth of your real estate business.

Cons: You’re an independent contractor, and are on your own to learn the market and the business.  You are in charge of building your lead list, maintaining your client’s needs, networking relationships, marketing your business, and managing the day-to-day office needs. It’s all in your hands. Many new agents fail to recognize how much work it takes to become a successful real estate agent.

Real Estate Agents Make a Good Income

Pros: Your income isn’t limited by an hourly wage or a corporate-dictated salary range. As a real estate salesperson, your income is largely dictated by the time you invest. Grow your real estate business by adding an assistant or get the appropriate license that lets you build your own brokerage. The growth potential is huge.

Cons: At first, your cash-flow direction will be out. Most new real estate agents need a nest egg to begin their careers. Getting your first sales to come in will take some time, and it will likely be a couple months or more before you cash your first check. Depending on the market you cover and existing relationships you can farm, it can be a feast or famine situation.

Pros: You don’t work a mundane 9 to 5 job. Real estate agents set a day-to-day work schedule that works for them. Much of a real estate agent’s time is spent socializing, meeting people, and building relationships.

Cons: Having a flexible schedule in real estate means you have to be flexible to the client’s needs.  In real estate, you tend to work when everyone else is not. That includes weekends. If a client calls, can you drop everything and be attentive to their needs, even if it’s a time that you normally would be spending with your friends or family?

As a Real Estate Agent, You Help People With Their Largest Transactions

Pros: Real estate agents receive genuine satisfaction from helping clients find the perfect home or sell their property at a great price. This is an exciting time for both buyers and sellers, and they look to the real estate agent as the expert to help them manage their way through the process with excellent client services.

Cons: Real estate transactions generally are one of the most stressful times of a client’s life, and you will need to be confident in your skills and abilities when things don’t go as planned. If a client leaves unhappy, whether it was due to your efforts or not, word-of-mouth spreads quickly and can affect your referral network and, ultimately, your bottom-line.

Real Estate is a Great Business

Real estate really is a great career choice. This article isn’t meant to scare anyone away from real estate, but is offered to be an honest look at the real estate business from both sides of success and failure. It can be a very difficult career if the training and work ethic fails, but it can be a seriously rewarding career if you are self-motivated, hard-working, honest, and enjoy networking and helping people.

Source: Brightwood College

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About olaotanjeremiah

OLAOTAN JEREMIAH is a leader, an Inspirational writer and speaker geared towards ensuring the effective living of young people as designed by God. He is driven with the mandate that no one has enough excuse for mediocrity as long as God lives. He is an Author, Entrepreneur, Event Consultant and Students' Coach. Olaotan Jeremiah has served in different capacities from volunteering at 'Mushin Makeover' in Lagos, to heading the Student's fellowship as President and the host of Mind Empowerment and Summit for Students (M.E.S.S) in his university days. An ambassador of Christ in his generation. An ambassador and Nation builder at Gemstone. Holyjay, as he is fondly called, is the broadcaster of the daily SCRIPTURE KNOWLEDGE on social media including WhatsApp, BBM, Facebook, and other social sites. His blog address. Skilled in barbering profession and has the vision of taking the profession to a respected height amongst other formal professions in Nigeria. He is the visionary of CAMPUS POWER NETWORKS where he trains, and consults for the Students populace as to how they can be effective in life from their campuses. He's the host of Undergraduates' Home Fellowship (UHF) - A meeting for all undergraduates in Lagos where they are prepared for the tasks of effective living on their campuses. He's recently working with Pertinence Group as a Sales Partner in Real Estates and Travels & Tours. You can benefit largely from this company depending on your financial capacity. For this course, he's a regular teacher, motivator and trainer among the campus fellowship leaders, teens and youth ministry. He teaches from the word of God which is the basic comprehensive for living an effective life from any angle of life. He is currently living in Lagos state Nigeria.
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