Pros and Cons of Real Estate Career

-
Though a lot of people think a real estate career is easy money, there is a lot more to it than that. Real estate can be a very rewarding career choice for just about anyone. Those entering the field have quite varied backgrounds and skill sets. You don't need to be a "salesman". This is primarily a service business, and serving your clients well will contribute to your success.

The Pros and Cons Of Real Estate Career


Any given day, you may bump into a real estate agent who's a recent high school graduate or a semi-retired business executive in her second career.

Many have found it to be a natural transition from another sales career and more fulfilling to boot! After all, you're helping people in what is usually the largest financial transaction of their lives. That's not to mention the emotional impact of changing homes that may be in completely different areas of the country or even the world.

If you question a group of brand new agents, you'll find very diverse reasons for choosing a real estate career. Many love the "helping people" aspect, while others want to exercise their independent nature and be their own boss. As most real estate agents and brokers are independent contractors, they're able to set their own work schedules and build their businesses in the ways that they want.

Related Topics:
There are also those who may perceive a real estate career as quite lucrative, yielding excellent compensation for working when and how they want. In "The Challenges of a Real Estate Career", we look at compensation and statistics for new agent income, as well as why many don't make it in the business.

If you don't take anything else away from this site discussion, keep top-level in your thinking that your real estate career is a business. It takes commitment and investment of effort, time and money to build a successful real estate business. That's whether you remain a "one person show" or if you start a brokerage with agents later.


Update** There’s another characteristic that can help less people-oriented agents to be successful in real estate.  Today's tech and the mobile world open up new opportunities for success in real estate.  If you can work a good website that's mobile device friendly, do some social website posting, and respond quickly with email or texting, there is a real chance to connect with prospects.

Pros:

  • You're an Independent Contractor and control your own business.
  • Your income isn't limited & based on your skills and work ethic.
  • Set your own work schedule and vacations.
  • Work outdoors and in varied locations.
  • Build future business with great service and client referrals.
  • Enjoy helping people in one of their largest financial transactions.

Cons:

  • You're an Independent Contractor and on your own to learn the business.
  • Income can be a long time getting going and "feast or famine".
  • You have to be available when the clients want you.
  • There's a high failure rate for new agents.
  • Liability and risk are part of representing clients.
To Get More Information about

Visit BeingaRealtor, Hope this will helpful to you.

Source: thebalancesmb
Location: United States

Comments

Post a Comment

Popular posts from this blog

The Pros and Cons of Being a Real Estate Agent 2018 - Realities

-
Image
Real estate is a career with significant rewards and as many challenges. Though it can be lucrative, it requires hard work and sacrifice. If you’re interested in going into real estate, we’ve put together a list of the pros and cons of becoming a real estate agent. Pro: You have the flexibility to choose your own schedule A majority of Real Estate Professionals get into the business because they want a flexible schedule, and it’s true, in real estate you are your own boss and can arrange your day so that you’re able to attend your child’s sporting event or be home for the after-school rush. You don’t clock in and clock out every day. “There have been tremendous shifts in terms of when, where, and how people are working,” Sarah Sutton Fell, the CEO of FlexJobs told U.S. News, “and in the last five years we’ve seen a big increase in flexible work options, both being offered by employers and being sought by professionals.” Real estate is one of those prized careers that hav
Read more

How do Reverse Mortgages Work? - Reverse Mortgage Information

-
Image
When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. Reverse mortgages take part of the equity in your home and convert it into payments to you – a kind of advance payment on your home equity. The money you get usually is tax-free. Generally, you don’t have to pay back the money for as long as you live in your home. When you die, sell your home, or move out, you, your spouse, or your estate would repay the loan. Sometimes that means selling the home to get money to repay the loan. There are three kinds of Reverse Mortgages:  Single purpose reverse mortgages – offered by some state and local government agencies, as well as non-profits;  Proprietary reverse mortgages – private loans; and  Federally-insured reverse mortgages , also known as Home Equity Conversion Mortgages (HECMs). If you get a reverse mortgage of any kind , you get a loan in which you borrow against the
Read more