10 Reasons Why You Should Start a Real Estate Career
There are many reasons why an increasing number of Americans continue to set their sights on a career in real estate. From unlimited earning potential to the flexibility and freedom that the industry offers, to the ability to make a difference in the lives of others, the benefits of a career in real estate are seemingly endless.
Perhaps that’s why the United States Bureau of Labor Statistics expects the overall employment of agents and brokers to grow by four percent between 2020 and 2030.
People decide to start a real estate career because of these 10 reasons:
- No limits to your paychecks
- Flexible schedules
- Work from anywhere you want
- You're in charge of your business
- Work with people you want to work with
- Change the lives of people you help
- You can start a real estate career easily
- Every day is different
- You can choose which sector you work
- Your network is always growing
So, let's dive a little deeper and explore why these are such great benefits to launching a new career.
No Limits to Your Paycheck
According to Indeed, a real estate agent’s average yearly salary is $94,721, but there is the potential for an agent to earn much more than that.
A real estate agent is paid a commission that they collect for each property sale in which they are involved. The commission is based on a percentage of the final sale price. While the average commission varies, it is generally around six percent.
As a real estate agent, your yearly salary will depend on many factors, including the number of transactions you complete, the commission you make on those sales, and the percentage you are obliged to pay your sponsoring broker. However, your earning potential is unlimited. The more property transactions you are involved in as an agent, the higher your salary.
Real estate agents can work as much or as little as they want. Because real estate agents are paid on commission, you can choose to work full-time, part-time, or in your spare time. Remember that your income will likely be higher the more hours you dedicate to the job.
Work From Anywhere You Want
A real estate agent can work from anywhere. Most agents work from home or on-site at the brokerage firm that sponsors them. However, the industry affords agents the flexibility to work from wherever they choose.
You’re in Charge of Your Business
Although a licensed real estate agent cannot operate without having a sponsoring brokerage behind them, the relationship is not like that of a typical employee/employer. As a real estate agent, you will completely control every aspect of your career, well beyond where and when you work. Only you can make the executive decisions that will ultimately impact their real estate career.
Work with People You Want to Work With
The beauty of the freedom that comes from being a real estate agent is that you can enter into professional relationships on your terms. If a client approaches you and asks you to be their agent, you have a right to turn them down. It is entirely up to you to decide who you are willing to work with and who you are not.
Change the Lives of People You Help
As a real estate agent, you have the opportunity to make a difference in the lives of your clients.
For most people, buying a home is the most critical decision they will make in their lifetime. As a real estate agent, you may introduce a young couple to the house where they will raise their family, or you may connect a pair of empty nesters to the retirement home of their dreams, and so on.
You Can Start a Real Estate Career Easily
Gaining your real estate license and launching your career is more accessible and more affordable than you think. While it won’t happen overnight, it certainly doesn’t take as long as it does to obtain other professional licenses.
Although the time frame will vary by state, the average time to complete real estate school and pass the real estate licensing exam is approximately five to six months. Best of all, no college degree is required.
Every Day is Different
Real estate agents wear so many hats that each day can be like a new adventure, from searching properties for your buyers and staging houses for your sellers to coordinating with other parties and filing paperwork. No new day in real estate will be exactly like the day before.
You Can Choose the Sector You Work
Another flexible aspect of a real estate career is choosing your specialty area.
Real estate markets include:
- Luxury Markets
- Planned Developments
A career in real estate doesn’t necessarily mean that you need to work as a real estate agent, either.
In addition to being a buying or selling agent, other typical real estate jobs include:
- a real estate investor
- a broker
- a property manager
- a real estate appraiser
- a mortgage broker
Your Network is Always Expanding
A significant advantage of being a real estate agent is that you’ll have an opportunity to meet new and exciting people every day. A real estate career is perfect for making new connections with people from all different walks of life. Over time, your network will grow and, the stronger your network is, the more opportunities you will have to further your career.
Final Thoughts on a Real Estate Career
As you can see, there are so many reasons why a career in real estate is one of the most popular and sought-after jobs out there. Unlike most conventional 9 to 5 jobs, a career in real estate offers freedom and flexibility, coupled with unlimited earning potential, that you’ll be hard-pressed to find in any other industry.
TL;DR: Starting a real estate career comes with a lot of benefits. Essentially, the reason why people start a career is because they want freedom in their job and becoming a real estate agent provides just that. A real estate career gives you what you put into it.