As with almost every profession, there are pros and cons to working in the real estate sector. Real estate agents work with those who wish to buy, sell, or rent residential and commercial property. The good folk at EXIT Real Estate Consultants (https://www.exitrealestatela.com/) tell us that a real estate agent’s duties typically include:
- Liaising with clients via email, text, and phone
- Processing various documents such as lease agreements and buyer’s agent agreements, purchase agreements, surveys documents, home inspections, and appraisals.
- Scheduling open houses, viewings, and meetings between buyer and sellers
- Creating marketing plans and promotional materials for listings
- Updating databases with client information.
If this sounds interesting, you might be eager to hear more about the good and bad when it comes to working in real estate.
The Pros of Working in Real Estate
Most real estate agents are free to choose the hours that they work, which can be a huge benefit to those with families. The ability to schedule open houses and showings around family life is a huge benefit, as is the fact that most administrative tasks can be taken care of from home.
As real estate agents often work on commission, the amount of income they can earn is linked to their skills and the time they put in. In fact, there is really no cap on their income potential; if they are good at their job, then they can make a lot of money.
It is a challenging yet rewarding job, with no two days being the same. Real estate agents get to meet and help a variety of people, which can be very satisfying, especially when clients find and secure their dream home.
The Cons of Working in Real Estate
Despite the ability to set their own hours, many real estate agents find that they work longer hours. Indeed, oftentimes they will have to work outside of the typical working day, with showings and openings scheduled for evenings or at weekends. Working these hours often means missing out on certain family events.
The potential to earn big bucks is a definite plus when it comes to working in real estate. However, there is no guarantee and when the market is slow, there can be lean periods where little to no income is made. Many real estate agents will therefore plan ahead and make sure that when they are selling well, that they are saving money for the slow periods that will eventually arrive.
If you are considering a job in real estate, you should be aware that it can be stressful, and you may have to be the bearer of bad news at times. It will be your job to tell your client that the house of their dreams has been sold to someone else, or that it has been taken off the market. You will have to deal with your client’s disappointment as well as your own when you don’t make the commission you were hoping for.
Conclusion
A job in real estate can be lucrative and rewarding and the ability to set your own hours is seen as a massive plus. Nevertheless, it is important to remember that there will be good and bad times as far as earning potential goes.
Working for yourself means that you will need to be motivated and disciplined. But if you are good with people and have a keen eye for detail, then real estate could be the perfect career choice. Take some time to weigh up the pros and cons and then decide if this exciting industry is for you.
