A career in real estate comes with many perks. It’s a very flexible job with a lot of rewards. If you’re the type of person who has no interest in a traditional 9-5 job and likes to think outside of the box, this is definitely the field for you.
The following are some of the many benefits you’ll enjoy as a real estate agent:
Be Your Own Boss
Not only do real estate agents get to help people become homeowners, but they also get to be their own boss while doing so. Although real estate agents work for a broker, the broker is not really their boss. Real estate agents are actually self-employed independent contractors.
As a result, real estate agents have a lot of freedom that most conventional workers do not. They get to set their own schedules, take vacations or time off whenever they want and work as little or as much as they want, all without having to ask for permission from anyone.
Another benefit to a real estate career is your business growth as an agent is completely up to you. Income potential is unlimited, if you know how to work for it. Agents aren’t tied to a fixed hourly wage or salary like employees in other fields. If you have good business skills, effective marketing strategies and strong work ethic, you can go far in the industry.
Room to Expand
Real estate agents get out of the business what they put into it. The more time you invest in your business, the more money you will make. Although you will probably be working on your own in the early days of your business, when you are ready to expand your business, simply hire an assistant or several. This will help you accomplish more and get even bigger results.
Perhaps your goals are more lofty than just expanding your business? Another option is to get your broker license after a few years, open up your own brokerage and sponsor real estate agents who will do the majority of the work for you and give you a portion of their commissions.
Real estate agents get to meet new people everyday, making it a great networking opportunity. Due to the nature of the business, the people agents meet are from all walks of life who are in different stages of their lives. If you plan on opening a related side business, such as a job as a home appraiser or home inspector, you’ll already have a wide network of contacts and potential clients to help you get your foot in the door.
Although the real estate industry has its ups and downs at times, it is still a relatively stable and profitable industry. The housing market may fluctuate yearly, yet it is one of the most consistently profitable industries around and doesn’t appear to be slowing down anytime soon. Compared to other investment-related fields, such as the stock market, the housing market is much more stable and predictable.
Real estate clients are some of the most loyal customers around. According to various sources, more than half of all home buyers said they would definitely work with their real estate agent again and/or recommend him or her to a friend. So as long as you provide great customer service to your clients, you’ll always have a steady stream of repeat customers or referrals. What other industry can promise you that?
Real Estate Investing
If you’re interested in investing in real estate as a side gig, a real estate license can help with that too. Having a real estate license gives you access to the local MLS (multiple listing service database.) This means you’ll find out about new properties coming onto the market before the general public and will have access to tons of data on these properties. In addition, you’ll save money on commission fees and transactions fees by handling the transactions yourself. So not only will a real estate license help you make money as an agent, but it’ll also help you make money as an investor as well.
So if you are serious about become a real estate agent but you’re still on the fence, keep these perks in mind before you decide.