Pros and Cons of Becoming a Real Estate Agent

Pros and Cons of Becoming a Real Estate Agent

Working in real estate is highly beneficial and is a very impressive qualification to obtain. Therefore, there are always good sides and bad sides. In this blog post, we will be listing some of the pros and cons of becoming a real estate agent.

Pros:

Flexible Schedules:

Firstly, as a real estate professional you are free to plan your day to your convenience. Moreover, this profession does not require you to sit in a office from 9am – 5pm, but you are free to plan and adjust your schedule as you please. Additionally, this flexible schedule allows you to work around whatever else you have going on, and it is a great profession for people with other jobs.

High Income Potential:

Secondly, real estate professionals have the opportunity to make large sums of money from sales and high rental payments. Moreover, real estate professionals usually receive 3% – 5% for a sale and a full month payment for a rental property. Furthermore, there is no actual limit on how much income you can make in certain period. Additionally, you have no limitation on the number of clients you can take on.

You are a Business Owner:

Many individuals do not get the privilege of owning their own business. However, being a real estate professional allows you to be an entrepreneur which already means you are a business owner.

Cons:

Requires Patience:

Some real estate transactions, especially sales take a long time to be processed and concluded. Therefore, as a real estate professional, you may have long waiting periods which means no income. Additionally, sometimes market conditions may not be favourable which means a decrease in the demand for homes.

Competitive:

Lastly, there are thousands of agents in the same market you are trading in, which makes this profession very competitive. Moreover, there may be instances you will experience clashing with other agents, regarding a property.

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