Pros and Cons of being a real estate agent

Being a real estate agent is no easy task. While agents do tend to report increased job satisfaction, they also encounter a lot of stress. Below are some of the pros and cons of becoming a real estate agent.

Pros

One of the biggest advantages of being a real estate agent is the freedom. Agents work on commission, and they typically do not have to answer to anyone. This also means that their earnings are not limited; the more they work, the more they earn. Additionally, these agents are happier than other workers who earn higher wages. While the real estate market might have ups and downs, everyone needs homes. The market might change, but these agents will always be necessary. Many also report that their ability to find homes for people increases their job satisfaction.

Cons

While being a real estate agent has considerable benefits, the career is not without its drawbacks. For example, agents typically work long hours. The job is definitely not easy; an astounding 80% of real estate workers actually fail. That is a pretty strong statistic. The workload is intense, the stress levels are high, and the competition is huge. This might be why those who actually do make it are so happy. They are the best in a tough field, as they beat all the other candidates.

Should I Be a Real Estate Agent?

If you are ambitious and you love the industry, then there is no reason why you should not try it out. However, bear in mind that unless you are very bright and aggressive, the stats are against you. Real estate agents do not only need academic intelligence; they also need good personalities and positive attitudes. As a real estate agent, you will also need to learn how to sell. You can do all the market analysis in the world, but if you do not market and sell your products well, you will not go anywhere.

If you do stick with the industry, your career will likely give you high job satisfaction. However, be aware of burnout and stress. If you feel overwhelmed, think about hiring an assistant.