The truth about being a real estate agent

What are the pros and cons of being a real estate agent? Is being a realtor the job for You? What do you need to know about becoming a real estate agent? What is the job description of a real estate agent?

You are an Independent Contractor, so you will have to take on managing your own taxes.

As a real estate agent , you are in the people business. If connecting with people doesn’t come naturally for you, chances are you are made the wrong career choice. Certain markets could be in for a rude awakening. It is possible make money within your first couple of months, but it’s not common. Plus, your broker will take a hefty cut of your commission.

Real estate is 1 commission. Most brokers will take of your commission when you’re new and unproven. You’re responsible for the biggest transaction of someone’s life, so there is a lot of pressure not to screw up.

Even before launching your career, expect to pay hundreds in prelicensing through coursework, a state exam, fingerprinting, a background check and the license itself. Much of a real estate agent ’s time is spent socializing, meeting people, and building relationships. Cons: Having a flexible schedule in real estate means you have to be flexible to the client’s needs. In real estate , you tend to work when everyone else is not. Based on Rating and Reviews.

They sometimes work for both sides In some states, the same real estate agent can represent both the buyer and the. Anyone may sell property for a living. First, consider that as a real estate agent , you will no longer be able to approach your.

Agents only earn commission. All new agents will tell you that couldn’t be farther from the truth. It isn’t for someone that needs the path laid for them.

It’s for people that want to be their own boss and forge their own path. ONLY a seller’s agent represents a seller. There are three types of agents in real estate : a buyer’s agent , a seller’s agent and a transaction broker. It was a difficult occupation for women to break into initially. Thankfully, over time the field has become wide open and developed into more of a woman’s domain.

Just like any other profession, real estate has its highs and lows.

But if you love personal interaction, marketing, and being self-employe working as a real estate agent can be incredibly rewarding. You might also ask for references. You’ll be working more hours than you do at your corporate job. For some reason, many people believe that being a real estate agent is a job that means you’ll have more free time. I know that’s what I thought when I first become an agent and there are soon-to-be or brand new agents I talk to every day who think the same.

Yes, I said intuition. Now, another thing that doesn’t get talked about enough is finding the right mentor and brokerage that suits your needs and personality. In this article, you will learn the challenges of being a real estate agent and why the failure rate in this industry is so high.

From somebody in the business, here’s what it takes to become a real estate agent — and what you should consider before starting down the path to selling homes. Have a plan, build a database of prospects, and work hard to find the keys to success as a real estate agent. Total Exam Costs - $541. Florida DBPR Application - $83. Most real estate agents earn a commission of 2. The referred commission is negotiable.

In the latter you are sort of your own boss, inside this rule set. As a broker you are for sure your own boss. So of people get in it for the money. Hell this is why of people work.